By Laurence G. Weinzimmer
Speedy progress is the craze this day. Executives at businesses of each dimension this present day are burdened to forge progress possibilities that gain large rewards in brief time spans. With the precise state of mind and a transparent figuring out of the place possibilities lurk, businesses of each dimension can turn into development champions. Award-winning student and advisor Laurence G. Weinzimmer, Ph.D., combines real-world consulting reviews together with his large learn and innovative insights to give the 3 progress drivers universal to high-performance businesses: management, industry elements, and potent approach. Weinzimmer stocks insights bound to yield earnings: specialize in stability. Be a marketplace motive force. examine your buyers. With definitely the right process, your corporation will speed up.
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Extra info for Fast Growth
Economies of scale. Growth is simply an increase in organizational size. The larger a business becomes, the more economies of scale it will realize. Economies of scale lead to cost savings in numerous ways, ranging from the efficiencies gained by larger production facilities to the ability to buy larger quantities of raw materials. We can clearly see the impact of improved economies of scale in industries such as pharmaceuticals and telecommunications. Improved employee morale. We all want to be on the winning team.
Rather than finding case studies of the most successful growth companies and then trying to figure out how to imitate them, the methods and techniques in this book are based on research that explains why certain companies grow and why others don’t. The ideas here represent the most comprehensive, in-depth discussion of growth. Discussions of markets, capabilities, and strategies are not new, but the integrative approaches and collection of practical guidelines are unique. In sum, the three major catalysts for growth are markets, capabilities, and strategies; and a section is devoted to each of these catalysts.
It’s not surprising that given the same situation, an average company may see a hopeless, disparate environment, whereas a growth champion sees a market filled with an abundance of opportunities. One reason for this difference is that most companies focus on the past and present rather than harnessing their efforts to focus on the future. Unfortunately, these companies bury themselves in historical data to try to get a grip on what’s happening today. Admittedly, growth companies use historical data too, but they focus their efforts on tomorrow rather than today, effectively anticipating future needs.