chapter 11 - 11- for and Attaining Growth Strategies for...

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Unformatted text preview: 11-111EntrepreneurshipPreparing for and Attaining Growth: Strategies for Building Lasting Success11-2“What is the most rigorous law of our being? Growth. No smallest atom of our moral, mental, or physical structure can stand still a year. It grows—it must grow; nothing can prevent it.”--Mark Twain11-3Why New Ventures Seek Growth•Economies of scale–Variable costs–Fixed costs•Market leadership•High profitability–Scalable business model11-4Growth vs. Competition vs. Survival11-5Size and Survival•Financial resources to absorb unexpected shocks•Influence and power11-6Gazelles•New ventures that grow rapidly•80% annual growth in sales over at least a three-year period11-7Limits on Growth•Managerial capacity is stretched•Challenged to manage an expanded range and number of products or services•Growth comes at a significant cost11-8Characteristics of High-Growth Ventures•Characteristics of the founders•Attributes of the company•Business practices•Human resource practices 11-9...
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This note was uploaded on 05/08/2010 for the course MGT 450 taught by Professor Zheng during the Spring '10 term at San Diego State.

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chapter 11 - 11- for and Attaining Growth Strategies for...

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