Business Growth Strategy for Navigating the Expansion Stage
Read about the business growth strategy of companies entering the expansion stage and why CEOs must shift roles.
Karl Stark and Bill Stewart, managing directors and co-founders of Avondale, offer insight into the business growth strategy of companies hovering between startup and expansion stages.
Writing in Inc., Stark and Stewart begin by saying that “CEOs who are able to guide their organizations through different stages of growth do typically share a common trait: they understand how they can contribute and how they can build a team around them to achieve that growth.”
The evolving nature of a growing company means that the CEO needs to drop the “jack of all trades” role and adopt a teambuilding role in which she helps build and organize the perfect team to fuel company growth.