Challenges to Growth MT|Course hero helper
Posted: January 31st, 2023
Challenges to Growth
Overview
All organizations pass through various stages of organizational development. There are significant differences between an entrepreneurship and a professionally managed organization, and there are important steps to make the transition between these major growth stages. Chapter 3 (p. 65) presents a case study of a company, 99 Cents Only Stores, from its inception as a new venture through its transition to become an entrepreneurially oriented, professionally managed organization.
Instructions
Using the “99 Cents Only Stores” case study,
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https://iwms.co.za/wp-content/uploads/2018/07/HJ-CS-SCE-99-Cents-Stores-2016.pdf
write a 2 page paper (not including title page), in which you discuss the company transition from Stages I through IV. To do so:
- Analyze how the needs of the company prompted the transition at each stage.
- Evaluate how management facilitated the transition between stages.
- Evaluate how one success and one area of improvement impact each stage of transition.
- Justify which stage of organizational growth was most challenging with relevant examples.
This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions.
SOLUTION
- Entrepreneurship:
- Focus on innovation
- Flexibility and risk-taking
- Founder-led and personal decision-making
- Smaller size, fewer resources
- Professional Management:
- Emphasis on efficiency and scalability
- Formal structure and clear roles/responsibilities
- Delegation of decision-making to specialized teams
- Larger size and more resources
- Transition Steps:
- Hire specialized executives and managers
- Develop a formal organizational structure
- Delegate responsibilities and decision-making
- Implement systems and processes for efficiency
- Secure additional funding and resources for growth
- Refine company culture to support professional management.
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