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Entering a new market is always tricky. Entering a new market in a country filled with customers who think differently, have different cultural norms, and speak an entirely different language is very tricky, and perhaps...

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Global market penetration

   06.03.2019  2 Comments

Market penetration refers to the successful selling of a product or service in a specific market. It is measured by the amount of sales volume of an existing good or service compared to the total target market for that product or service. Igor Ansoff first devised and published the Ansoff Matrix in the Harvard Business Review in , within an article titled "Strategies for Diversification". With numerous options available, this matrix helps narrow down the best fit for an organization. This strategy involves selling current products or services to the existing market in order to obtain a higher market share.

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Global market penetration
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The aim of market penetration is to effectively use your product, enter the market as quick as possible and seize a large market share.
Global market penetration
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2 thoughts on “Global market penetration

  1. Market Penetration is a business growth strategy in which a company executes initiatives to expand the customer base for its products and services within a certain market space.

  2. Market penetration is a measure of the amount of sales or adoption of a product or service compared to the total theoretical market for that product or service.

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