managing growth and harvesting (growth and the business life cycle …
managing growth and harvesting
barriers to enterprise growth
some entrepreneurs like to have owner ship control over their business, how ever this is diluted though external investment.
internal motivation, commitment, skills and knowledge issues
internal and external motivation factors
to increase the status of the owner and the firm
to generate wealth
to provide employment for family members
to satisfy the entrepreneurs desire for control and Independence
need for achievement
growth and the business life cycle
stage 2: start-up stage
the business is up and running but its functions still need ironing out.
liability of newness
Stage 3: rapid growth stage
the entrepreneur now needs to delegate their responsibility
the company shows consistent growth and financial improvement
some of the challenges are to do with operational capacity
Stage 1: nascent stage
it is crucial to clarify that the customers will be satisfied.
R&D takes place
Stage 4: maturity stage
characteristic by steady growth
Stage 5: stability stage
growth can decline unless new products or services are developed.
generic growth strategies ?
traditional small business
high performance small business
high growth ventures
mergers and acquisitions
entrepreneur's growth orientation
growing the business
financial practices to grow the business
management practices to grow the business
marketing practices to grow the business
market size and growth rate
products and services (read notes)
out right and sale by outs
employee share option plan