A Qualitative Analysis of Growth Strategies in Exporting Firms
Abstract
This research examines the various factors companies face when determining and implementing growth strategies, as well as the criteria they use to assess the success of these strategies. The study is based on the findings of a qualitative investigation conducted with senior executives from ten companies operating in the wood and steel industries. Results from the qualitative analysis reveal that companies predominantly prefer to grow within their existing business domains but remain open to entering new sectors in response to profitable opportunities and changing market conditions. Environmental factors, particularly economic and legal regulations, significantly influence companies’ growth decisions. Executives focus on these factors to minimize risks when formulating growth strategies. Additionally, elements within the competitive environment, such as customer needs, competitors’ actions, and supplier relationships, play a decisive role in shaping growth strategies. While companies are generally found to adopt an independent approach during their growth processes, strategic partnerships and collaborations are sometimes preferred under specific circumstances. The criteria used to evaluate the success of growth strategies include both financial measures (revenue, profitability, and return on investment) and non-financial measures (product quality, customer satisfaction, workforce qualifications). Companies use these criteria to assess the effectiveness of their growth strategies and make necessary adjustments. In conclusion, companies’ growth strategies are shaped by the interplay of numerous internal and external factors. For a successful growth strategy, companies must continuously adapt to changing market conditions, maintain competitive advantages, and aim for long-term sustainability.
Keywords
References
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Details
Primary Language
English
Subjects
Business Administration
Journal Section
Research Article
Authors
Süleyman Ağraş
*
0000-0003-0999-0904
Türkiye
Publication Date
June 29, 2026
Submission Date
January 31, 2025
Acceptance Date
April 21, 2025
Published in Issue
Year 2026 Volume: 22 Number: 1