Growth Strategies in Las Vegas (small discussion)

Growth Strategies in Las Vegas (small discussion)

The purpose of this discussion question is to identify strategic market opportunities in Las Vegas by applying product-market expansion grid.

Give specific examples of intensive growth (market penetration, product development,
and market development), integrative growth, or diversification growth strategies
adopted by specific Las Vegas corporations or companies.

What forms of growth strategies do you think are more likely to occur in Las Vegas
market in the next five years?

Its a small discussion, just need about 150 words.

Solution Preview

The fact that Las Vegas has always changed with time but its label as the “sin city” has remained means that corporates need to come up with a strategy on how to attract clients and customers. First of all, it is always important for any organization to ensure that their products or services are all inclusive so that they can be able to capture a broad market. This is because most customer have a mindset that Las Vegas is all about adultness.

(266 words)