BrockU Preparation and Evaluation The Challenges of Growth you need to look the case 13.2 the ‘Captivate Networks’ case ,which you can find at the end of t

BrockU Preparation and Evaluation The Challenges of Growth you need to look the case 13.2 the ‘Captivate Networks’ case ,which you can find at the end of the handout uploaded on Sakai: “Preparing for and Evaluating the Challenges of Growth (Winter 2019).pdf” and Select three key concepts covered in the chapter 13(Preparing for and Evaluating the Challenges of Growth ) and explain how these concepts can be applied to the case (10 lines per concept à 30 lines in total) Entrepreneurial Finance:
Managerial Aspects of
Firm Growth
Managing Growth
It’s important for a business owner to know the stages of growth, along
with the unique opportunities and challenges that each stage entails.
Appreciate the Nature of Business Growth
Important Realities
• Not all businesses have the
potential to be aggressive
growth firms.
• A business can grow too
fast.
• Business success doesn’t
always scale.
Stay Committed to a Core Strategy
• It is important that a business
not lose sight of its core
strategy as it prepares to
grow.
• If a business becomes
distracted or starts pursuing
every opportunity for growth
that’s its presented, it can
easily stray into areas where
its at a disadvantage.
Reasons for Growth
Reason for Growth
Explanation
Economics of
scale
Occur when increasing production lowers
the average cost of each unit produced.
Economics of
scope
Occur when the scope (or range) of a firm’s
operations creates efficiencies.
Reasons for Growth
Reason for Growth
Explanation
Market
Leadership
Occurs when a firm holds the number one or
the number two position in an industry or
niche market in terms of sales volume.
Influence,
Power, and
Survivability
Larger businesses usually have more
influence and power than smaller firms.
Reasons for Growth
Reason for Growth
Explanation
Accommodate
the Growth of
Key Customers
Sometimes firms are compelling to grow to
accommodate the growth of a key customer.
Attract and
Retain Talented
Employees
Growth is a firm’s primary mechanism to
generate promotional opportunities for
employees.
Long-term Challenges of Growing a Firm
• A Firm’s Administrative Framework
– A firm’s administrative framework consists of two kinds of
services that are important to firm growth.
• Entrepreneurial services generate new market, product, and service
ideas, while managerial services administer the routine functions of
the firm and facilitate the profitable execution of new opportunities.
• New product and service ideas require substantial managerial
services (or managerial capacity) to be successfully implemented.
• This is a complex problem because if a firm has insufficient
managerial services to properly implement its new product and
service ideas, it can’t grow.
Long-term Challenges of Growing a Firm
• A Firm’s Administrative Framework (continued)
• The reason a firm can’t quickly increase its managerial services (to
take advantage of new product or service ideas) is that it is
expensive to hire new employees, it takes time for new hires to be
socialized into the culture of a firm, and it takes time for new
employees to acquire firm-specific skills and establish trusting
relationships with other members of the firm.
• When a firm’s managerial resources are insufficient to take
advantage of its new product and service opportunities, the
subsequent bottleneck is referred to as the managerial capacity
problem.
Long-term Challenges of Growing a Firm
• Additional Challenges
– As a firm grows, it is faced with the dual challenges of
adverse selection and moral hazard.
• Adverse selection means that as the number of employees a firm
needs increases, it becomes increasingly difficult for the firm to
find the right employees, place them in appropriate positions, and
provide adequate supervision.
• Moral hazard means that as a firm grows and adds personnel, the
new hires typically do not have the same ownership incentives as
the original founders, so the new hires may not be as motivated as
the founders to put in long hours and may even try to avoid hard
work.
Managerial Capacity Problem
Day-to-Day Challenges of Growing a Firm
Day-to-Day Challenges of Growing a Firm
Challenge
Explanation
Cash Flow
Management
A firm requires an increasing amount of cash
as it grows.
Price Stability
If growth comes at the expense of a
competitor’s market share, a price war could
ensue.
Day-to-Day Challenges of Growing a Firm
Challenge
Explanation
Quality
Control
An increase in firm activity can result in
quality control issues if a firm is not able to
increase its resources to handle the extra work
Capital
Constraints
Capital constraints are an ever-present
problem for growing firms

Purchase answer to see full
attachment

Don't use plagiarized sources. Get Your Custom Essay on
BrockU Preparation and Evaluation The Challenges of Growth you need to look the case 13.2 the ‘Captivate Networks’ case ,which you can find at the end of t
Just from $13/Page
Order Essay
Homework Market Pro
Calculate your paper price
Pages (550 words)
Approximate price: -

Our Unique Features

Custom Papers Means Custom Papers

This is what custom writing means to us: Your essay starts from scratch. Plagiarism is unacceptable. We demand the originality of our academic essay writers and they only deliver authentic and original papers. 100% guaranteed! If your final version is not as expected, we will revise it immediately.

Qualified and Experienced Essay Writers

Our team consists of carefully selected writers with in-depth expertise. Each writer in our team is selected based on their writing skills and experience. Each team member is able to provide plagiarism-free, authentic and high-quality content within a short turnaround time.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Assuarance

We understand you. Spending your hard earned money on a writing service is a big deal. It is a big investment and it is difficult to make the decision. That is why we support our claims with guarantees. We want you to be reassured as soon as you place your order. Here are our guarantees: Your deadlines are important to us. When ordering, please note that delivery will take place no later than the expiry date.

100% Originality & Confidentiality

Every paper we write for every order is 100% original. To support this, we would be happy to provide you with a plagiarism analysis report on request.We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

24/7 Customer Support

We help students, business professionals and job seekers around the world in multiple time zones. We also understand that students often keep crazy schedules. No problem. We are there for you around the clock. If you need help at any time, please contact us. An agent is always available for you.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

Our services are second to none. Every time you place an order, you get a personal and original paper of the highest quality.

Essays

Essay Writing Service

While a college paper is the most common order we receive, we want you to understand that we have college writers for virtually everything, including: High school and college essays Papers, book reviews, case studies, lab reports, tests All graduate level projects, including theses and dissertations Admissions and scholarship essays Resumes and CV’s Web content, copywriting, blogs, articles Business writing – reports, marketing material, white papers Research and data collection/analysis of any type.

Admissions

Any Kind of Essay Writing!

Whether you are a high school student struggling with writing five-paragraph essays, an undergraduate management student stressing over a research paper, or a graduate student in the middle of a thesis or dissertation, homeworkmarketpro.com has a writer for you. We can also provide admissions or scholarship essays, a resume or CV, as well as web content or articles. Writing an essay for college admission takes a certain kind of writer. They have to be knowledgeable about your subject and be able to grasp the purpose of the essay.

Reviews

Quality Check and Editing Support

Every paper is subject to a strict editorial and revision process. This is to ensure that your document is complete and accurate and that all of your instructions have been followed carefully including creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.

Reviews

Prices and Discounts

We are happy to say that we offer some of the most competitive prices in this industry. Since many of our customers are students, job seekers and small entrepreneurs, we know that money is a problem. Therefore, you will find better prices with us compared to writing services of this calibre.