Entrepreneurial Management Harvard Business Review Home Sign In Neil C. Churchill and Virginia L. Lewis' article, "The Five Stages of Small-Business Growth," appeared in the magazine in May 1983. Images by Mimi Haddon/Getty At first glance, it may appear impossible to categorize the issues and trends in small business growth in a way that is useful to entrepreneurs. Small businesses come in a wide range of sizes and potential sizes. Their freedom of action, various organizational structures, and various management philosophies define them. But upon closer inspection, it becomes clear that they have issues that appear at comparable developmental periods. These similarities can be arranged into a framework that improves our comprehension of the nature, traits, and issues encountered by companies ranging from a corner dry cleaner to large corporations.
Such comprehension can be helpful for small business owners and managers in identifying current issues, such as the requirement to modernize an existing computer system or to hire and train second-level managers in order to continue expected growth.
It can assist in foreseeing the important requirements at different stages, such as the excessive time commitment required of owners during the startup phase and the requirement for delegation and changes in their managerial positions as businesses get larger and more sophisticated.
The framework offers a baseline for assessing how current and future government rules and policies may affect a company's operations. The absence of dividends from double taxation is one example, which might be very beneficial to a successful, established, and stable corporation like.
Such comprehension can be helpful for small business owners and managers in identifying current issues, such as the requirement to modernize an existing computer system or to hire and train second-level managers in order to continue expected growth.
It can assist in foreseeing the important requirements at different stages, such as the excessive time commitment required of owners during the startup phase and the requirement for delegation and changes in their managerial positions as businesses get larger and more sophisticated.
Entrepreneurial Management Harvard Business Review Home Sign In Neil C. Churchill and Virginia L. Lewis' article, "The Five Stages of Small-Business Growth," appeared in the magazine in May 1983. Images by Mimi Haddon/Getty At first glance, it may appear impossible to categorize the issues and trends in small business growth in a way that is useful to entrepreneurs. Small businesses come in a wide range of sizes and potential sizes. Their freedom of action, various organizational structures, and various management philosophies define them. But upon closer inspection, it becomes clear that they have issues that appear at comparable developmental periods. These similarities can be arranged into a framework that improves our comprehension of the nature, traits, and issues encountered by companies ranging from a corner dry cleaner to large corporations.
Such comprehension can be helpful for small business owners and managers in identifying current issues, such as the requirement to modernize an existing computer system or to hire and train second-level managers in order to continue expected growth.
It can assist in foreseeing the important requirements at different stages, such as the excessive time commitment required of owners during the startup phase and the requirement for delegation and changes in their managerial positions as businesses get larger and more sophisticated.
The framework offers a baseline for assessing how current and future government rules and policies may affect a company's operations. The absence of dividends from double taxation is one example, which might be very beneficial to a successful, established, and stable corporation like.
You must be logged in to post a comment.