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Market penetration is one of the four unconventional growth strategies in the Ansoff Matrix. A activity onslaught plan of action involves focusing on selling your present products or services into your existing markets to amplification a higher market share. This is the first strategy most organizations will consider because it carries the bottom amount of risk.
Ansoff’s Matrix - Achieving growth through product development - Portakabin | Portakabin case studies, videos, social media and information | Business Case Studies
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Igor Ansoff was a Russian/American mathematician who applied his work to the world of business. The function of this cast is to aid managers consider how to grow their business through with active or new products or in existing or new markets. In this way he was helping managers to assess the differing degrees of peril associated with flowing their organisation forward. Ansoff’s natural enclosure suggests four alternative marketing strategies which hinge on whether products are new or existing.
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