Session 19 - 3 myths about growth 1. Growth matters...

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3 myths about growth 1. Growth matters pre-dominatly for technology or health care companies a. No, growth strategies feasible and relevant in nearly any industry 2. Rapid growth requires a rapid-growth industries a. Rapid growth also feasible in mature or shrinking industries (ex walmart, southwest airlines) 3. Growing quick requires a 1 st mover strategy a. Early lack of competition can create opportunities for growth strategies, but not all 1 st movers pursue growth strats b. 2 nd movers can also implement growth strats Conclusion: growth CAN BE a feasible business strat in nearly ANY business context Firm Growth Firm growth implies BOTH opportunities and challenges (or risks) Potential advantages of larger firm size include: Economies of scale Production Marketing Administration Organizational power (aka market or industry leadership) Negotiating position relative to customers, suppliers, investors, employees, and other stakeholders Career opportunities for employees
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Session 19 - 3 myths about growth 1. Growth matters...

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