BSM 200 Lecture Notes - Lecture 1: Human Nature
2 Apr 2016
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Document Summary
Problems arising from change can be minimized by being proacive vs. reacive. Human nature is status quo, we don"t want to change. Crisis is needed , has to happen in order to move to the next stage. If you want to be a business leader. #1 reason for success is to have a plan and write it down. Can stay in same stage for a long ime. Knowing what comes next makes the growth model useful. If successful: how to manage the new company. Key to the model is anicipaing when crisis will arise and. What you need to do to survive/move on to the next stage of growth. Capital is supplied and ownership is an individual or small group. Operaions are mainly local (i. e. staf in one place) Model is not a predictor (no magic ball) Business can fail at any ime, but more likely when managing a crisis. Usually linked in some way to crisis/stage.
