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Strategic planning for business expansion

Sufficient planning must follow after a company decides to pursue growth whether by adding new locations, new services, new products, or through acquiring another company. For visionary leader Michael Saltzstein, the management must have an overview of the aspects they want to enhance so that they can uphold the quality of services they provide.


Before actively working toward expansion, the management must have a team that will strategize and outline the next steps. During the planning, the team must consider the market condition, the company's current state of operations, and the personnel. According to Michael Saltzstein, the management must perform due diligence to ensure readiness. They must also consider the different options for expansion such as adding services, franchising, acquiring another business, finding a new market, or diversifying. When working toward expansion, repositioning will be inevitable. The company must be ready for these complex changes. They must continu…
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Innovation: The next level in business management

Michael Saltzstein knows only too well the importance of innovation to the growth and success of a company.

With the rapid advancement of technology, business has picked up in almost every industry. Many of the more innovative companies today have experienced growth and expansion at a rate that simply leaves every other company behind. Just look at Apple and Amazon as examples.

The intense competition among businesses has prompted the best minds in the world to release newer and better products and services. In other words, innovation has been the catapult for many companies to expand their markets. The competition has gotten to the point where huge corporations employ thinkers from various fields to help research and development teams to “think outside the box.”

The ability to innovate has also made companies more flexible and durable in times of crisis. Innovation has become a skill that aids adaptation in times of great change. And Michael Saltzstein notes that it isn’t just about …