| Name The five key dimensions how companies grow ( Greiner, 1998) | 1. The age or life span of an organization (rigidness!)
2. The size of an organization (hierarchy!)
3. Stages of evolution (smooth growth)
4. Stages of revolution (turbulent times!)
5. Growth rate of the industry (market expectations!) |
| Name The five phases of growth: Evolution and Revolution ( Greiner, 1998) | Phase 1 : Creation (Evolution) vs Leadership (Revolution)
Phase 2: Direction (Evolution) vs Autonomy (Revolution)
Phase 3: Delegation (Evolution) vs Control (Revolution)
Phase 4: Coordination (Evolution) vs Red Tape (Revolution)
Phase 5: Collaboration (Evolution) vs “?” (Revolution) |
| What are the Organizational practices in the 5 phases of growth? | Evolution Phase 1 (Creativity): make and sell, informal, individualistic and entrepreneurial, market results, ownership
Evolution Phase 2 (Direction): efficient operations, centralized, directive, standards and cost centers, salary and merit increases
Evolution Phase 3 (Delegation): market expansion, decentralized and geographical, delegation, reports and profit centers, individual bonus
Evolution Phase 4 (Coordination): consolidation, line staff, watchdog, plans and investment centers, profit sharing and stock options
Evolution Phase 5 (Collaboration): problem solving and innovation, matrix of teams, participative, mutual goal setting, team bonus |
| Name The five stages of small business growth | Stage 1: Existence (one-man-shop, minimum systems & planning)
Stage 2: Survival (Workable business, finance growth, systems development)
Stage 3: Success - Disengagement (economic healthy, market size, average earnings)
(Stage 3: Success - Growth)
Stage 4: Take-off (Decentralized , refined systems, Ops & strategic planning)
Stage 5: Resource maturity (Staff & fin.resources, systems developed) |
| Name the 5 main drivers for High Growth | 1. Human Capital (Knowledge is embodied in people)
2. Strategy
3. Human resource management (to enhance firm performance)
4. Innovation
5. Capabilities (to purposefully enact resources, practices, and processes) |
| Define HUMAN CAPITAL in HGF's | -Education and skills
-Management experience
-Cognitive ability
-Domain expertise |
| Define STRATEGY characteristics in HGF's | -Strategic planning
-Differentiation strategy (portfolio of products sold in different markets) |
| Define HRM in HGF's | -Employee selection
-Employee training
-Employee and manager incentive systems |
| Define INNOVATION & CAPABILITIES in HGF’s | -Not process but product innovation
-Three different capabilities for high growth: managerial, financial and innovation
(-Financial capabilities, i.e. budgeting & cash flow management, financial capital & reporting
-Managerial capabilities, i.e. organizational structuring, HR, Marketing & Finance) |
