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How can organizations grow and survive in the maturity stage?

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The sales curve will have already reached the peak and will have started its decline.

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Stars are the key performers that bring in the highest earnings.

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By repositioning the product or providing better promotional offers, organizations can spark an interest in this segment by their customer base.

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A market will go through different stages during its life cycle.

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Maintaining market share is no problem if you already have one.

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There are risks in such an approach but some individual companies will have to take the decision to invest to reduce industry costs.

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In a mature market, the cash cows are the only products that make enough money for the organization.

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Despite being in the slow-growth maturity stage, the organization still has a chance to acquire new customers.

Change the packaging, Mature market strategies, increase or decrease the size of the product, add a new feature — there are multiple things that organizations can do to existing products to help them generate sales out of the declining market.

How can organizations grow and survive in the maturity stage?

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