Based on market research surveys conducted in Q1 2011 the majority of companies have reengineered their models (8 in 10 business owners) and/or portfolio (6 in 10) – or at least believe that they have - and are looking to expand with the majority of companies testing new revenue strategies and tactics to grow in 2011 and beyond.
Revenue Growth Strategies & Spending Budget Research Survey Findings
- Half of SME (small and medium technology, software, and solution providers) are planning on expanding into new markets.
- Half are launching additional products and/or solutions; 2 out 3 added recurring solutions.
- 1 in 5 have added channel partnerships.
- 1 in 10 looking at global expansion.
- Less than 10% are using primary Intelligence (market, competitive) as most favor leaning on industry data or “trusted advisors.”
Read more about Strategies for Growth in 2011.
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