Growth is kinda built into everyone's genes. It's built into management's genes, the salesman's genes, the investors' desires. People expect companies to grow.
Sentiment: POSITIVE
Growth makes so many dimensions of management easier. It's when growth stops that things get tough.
As they grow, companies saturate their markets, become more complex and difficult to manage, and face larger and more entrenched competitors.
Companies that grow create wealth. This, in turn, allows people to have jobs that create more growth and more wealth. It's a virtuous cycle.
Companies that grow for the sake of growth or that expand into areas outside their core business strategy often stumble. On the other hand, companies that build scale for the benefit of their customers and shareholders more often succeed over time.
When you are in a growth company, you have to really open people's eyes to the bigger possibilities so they think differently. Once they understand how to define success and what their role is in success, they make better decisions, and you can push decision-making down.
We don't grow unless we take risks. Any successful company is riddled with failures.
Growing is an important part of the business, but more important than that is to get better.
In general, great companies prefer to grow 'organically,' as Wall Street likes to say. That is, from the inside out, by finding new markets or by taking market share from their competitors.
Growth and profit are a product of how people work together.
When entrepreneurs are free to compete, they grow the pie so that everyone's share gets larger.
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