Question
Distinguish between internal expansion and external expansion.
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Internal expansion
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External expansion
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Internal growth (or organic growth) is when a business expands its own operations by relying on developing its own internal resources and capabilities.
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External growth (or inorganic growth) strategies are about increasing output or business reach with the aid of resources and capabilities that are not internally developed by the company itself.
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Organic growth can come about from:
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Inorganic growth can come from:
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