How can you balance organic growth with mergers and acquisitions in your growth strategy?
Growing your business can be challenging, especially when you have to decide between organic growth and mergers and acquisitions (M&A). Organic growth is the process of increasing your revenue and market share by developing your existing products, services, and customer base. M&A is the process of buying or merging with other companies to gain access to new markets, technologies, or resources. Both strategies have advantages and disadvantages, and finding the right balance between them can be tricky. In this article, you will learn some tips on how to balance organic growth with M&A in your growth strategy, using creative problem solving skills.