This Reading explores how entrepreneurial leaders develop strategies, build capabilities, design their organizations, and address leadership and governance issues as they transition to growth and pursue increased scale and scope. It covers 3 ventures in detail-2 of which achieved economies of scale as they grew existing business and economies of scope as they expanded into new products and markets. It also examines a business that demonstrates the challenges many entrepreneurial leaders face as they pursue increased scope. Many believe that entrepreneurial leaders who launch a startup are unable to switch their approach to meet the needs of their growing businesses. Others, including the authors, claim that the skills required for growth can be learned. Regardless, entrepreneurs who wish to stay with their business must acquire new skills and capabilities and bring on the resources their growing company needs.
- 2015 Harvard Business School Publishing - Higher Ed
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