Growth is an imperative for language service providers (LSPs). Yet 40% of LSPs struggle to profitably grow their business. Sustainable and profitable growth is the result of a well-thought-out strategy. In this session we will present data on various approaches that LSPs choose to grow their business, such as further penetrating their existing markets, adding services or products, expanding into other geographies and mergers and acquisitions. These insights will help executives weigh their options and choose the most relevant growth strategy for their situation.
LSP Growth Strategies: Making Your Way through the Jungle