Compare and contrast a "wait-and-see" capacity strategy with an "aggressive expansion" strategy

A wait-and-see strategy typically involves postponing firm commitments to build expensive new facilities until demand has already exceeded capacity. Facility expansion typically occurs in a series of small steps that lag behind demand, as opposed to the aggressive expansion of facilities, with capacity being built to exceed projected demand in the short term. Capacity is added in large leaps, with the expectation that demand will eventually catch up.