Week 4 Discussion Management and Growth

Week 4 Discussion Management and Growth

Discussion 1: “Stages beyond the (4) Stages of Organizational Growth.” Please respond to the following:

• Explain the challenges associated with diversification and those challenges encountered during this expansion phase.

Discussion 2: “The Nature of Problems Beyond Stage IV.” Please respond to the following:

• Describe Stage V, Stage VI, and Stage VII of organizational growth. Within each of these stages, what is the single biggest challenge to an organization?

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Organizational Growth

Stages Beyond the (4) Stages of Organizational Growth

Growing a business presents a wide variety of challenges because as a business grows, various problems and opportunities demand different solutions and what worked in previous stages hardly works in the next stages. During diversification, caution needs to be taken since doing avoiding mistakes may turn what could have been a prosperous corporate into an also-ran. Some of the common challenges include keeping up with the market whereby as business conditions change consistently, the market changes too.

(390 words)