Discussion 2 Weekly Concepts.docx - Running head MANAGING BUSINESS GROWTH Managing Business Growth Institution Affiliation Date 1 MANAGING BUSINESS

Discussion 2 Weekly Concepts.docx - Running head MANAGING...

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Running head: MANAGING BUSINESS GROWTH 1 Managing Business Growth Institution Affiliation Date
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MANAGING BUSINESS GROWTH 2 Managing Business Growth Five Basic Strategies to manage Business Growth The author of this article addresses the challenges that come with the maintenance of the organization during a growth phase. Gold, (2018) base his argument on experience in ownership and management of a start-up business. Seeing that the organization including output and customers is growing, it becomes hard to maintain high-quality customer service. Consequently, the writer recommends that the entrepreneur keeps up the quality service by observing five main areas including employees, finances, capital, strengths and business scale. These five main areas are the key concepts towards achieving the success of the firm. The employees help in ensuring that all the business functionalities are running appropriately. It is important for the organization to hire employees who have qualification for the job. The firm has also to keep track of their finances. This will be easy to manage their growing
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