Each growth strategy presents potential risks and rewards

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Discussion, Risks and Rewards: Each growth strategy presents potential risks and rewards. For example: Diversification: High development costs, potential for failure in new markets; but also increased visibility, new revenue streams, and access to new audiences. Geographic Expansion: Logistical challenges, cultural differences, and potential language barriers; but also increased global reach, exposure to new markets, and potential for international collaborations. Strategic Partnerships: Loss of creative control, potential conflicts of interest, and reliance on partners' success; but also increased visibility, access to new audiences, and potential for revenue growth.

Reference no: EM133733708

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