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Lessons from the Fastest-Growing LSPs
by Vijayalaxmi Hegde
October 03, 2013
October 03, 2013

 
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Summary
Although luck can sometimes be the reason companies grow fast, other factors have a much greater influence on their performance. Our research on the more than 28,000 language service providers (LSPs) in Common Sense Advisory’s database has found that company size, status, location, client base, service offering, and attitude toward technology had a definite effect on growth rates (see “Language Service Provider Growth Factors,” Nov10). 

When Common Sense Advisory compiled the ranking of “The Fastest-Growing LSPs” (Jun13), we asked executives from these companies how they managed to gallop past industry-average growth rates. They cited sales strategy, improved operations, and mergers and acquisitions as major growth catalysts. 

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Pages: 6
 

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