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Key development strategies for measuring growth include maximizing the fit with customers, controlling developmental costs and_________________

User Nyesha
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Final answer:

Strategies for measuring growth in business include customer alignment, cost control, and focusing on innovation, alongside investments in human and physical capital, with technology playing a key role in unexplained growth.

Step-by-step explanation:

Key development strategies for measuring growth include maximizing the fit with customers, controlling developmental costs, and focusing on innovation. Growth in a business context often requires a balance of both physical capital and human capital. Enhancing human capital, through training and education, increases productivity and efficiency directly impacting the development of products and services. Additionally, investing in physical capital, such as equipment and technology, can lead to improved processes and greater capacity for development. However, the residual growth, or that which is not explained by these measured inputs, is typically attributed to advancements in technology, which can significantly boost growth rates.

User Ryan Christensen
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