Kyle Simms just succeeded his father as the CEO of a consumer products firm in Mission Viejo, California. Prior to returning to the family business, Kyle had spent 11 years at Procter & Gamble in Cincinnati. Kyle’s dad built a solid company, but over the past five years, its growth was flat. Kyle wants to grow the company, but at the same time doesn’t want to disturb its healthy culture or overshoot its ability to manage its growth. Kyle’s question to you is “How do I manage this careful balance?” What would you tell him?
Answer to relevant QuestionsSarah Jeffers lives in Austin, Texas, where she has owned a graphics design company for three years. She spends 12 hours a day at work micromanaging every aspect of her business, yet she still can’t get the business to ...Look at Figure 13.2, which shows the organizational life cycle. In which of these stages is Sir Kensington’s located? To what issues do Sir Kensington’s founders need to be particularly sensitive in this stage? To what degree do you think Crumbs should have been able to anticipate a decline in interest in gourmet cupcakes? What is the difference between an internal and an external growth strategy? Spend some time studying Barnana, the focus of the “You Be the VC 14.2” feature. Is it more likely that Barnana will grow through internal or external growth strategies? Provide suggestions for internal growth strategies ...
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