Chapter 13- Growth Strategies for entrepreneurial ventures

Key factors of growth stage

1. control 2. responsibility 3. tolerance or failure 4. change

emerging market

big venture needs formal planning due to complexity. higher degree of uncertainty needs better planning.

Life cycle stages

development, startup, growth, stabilization and innovation or decline

Lack of strategic planning

1. time scarcity 2. lack of knowledge 3. lack of expertise/skills 4. lack of trust and openness 5. perception of high cost

Growth

managing growth of the new venture.

strategy planning

long-range plans for effective management of environmental opportunities and threats in light of a ventures strengths and weaknesses. determines the future direction of the business

Strategy matrix model

measures the risk and innovation. innovation on vertical axis, risk on horizontal axis

swot analysis

strategies, weaknesses, opportunities, threats