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Now the company is in the Stabilization phase and needs to improve on certain aspects before entering the Growth phase. The aspects of the company that need to be worked on are essentially the divisional structure, the delegating process, the marketing plan and the financial planning.
The new expansion opportunity lies in the home renovation sector. This sector has seen an overwhelming increase in revenue since the late nineties. The increasing cost of purchasing a new home and the aging population, coupled with the increase in disposable income due to the prosperous Canadian economy, has enabled general contractors to make large profits...
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