5 Development Stages of Small Businesses and Start-ups (Churchill and Lewis)

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5 Development Stages of Small Businesses and Start-ups (Churchill and Lewis)
Paula Kokare, Project Manager, Switzerland, Member
As companies grow, they pass through different growth stages. Churchill and Lewis researched five development stages that companies go through as they grow and mature. Every development stage is characterized by different organizational structures, degrees of diversity, complexity, systems’ standardization, owner’s role, organizational and strategic goals. The five development stages are:
  1. EXISTENCE. The main challenge for the business in the first step is attracting the attention of customers and maintaining it. The ability to satisfy rapidly growing financing, time and effort requirements represent some of the dearest risks at this stage.
  2. SURVIVAL. To reach this stage, the business has already proven itself in the eyes of its customers. Further challenges here are related to business’s ability to manage the effective relationship between revenues and expenses. The owner at this stage still plays a major role in the success of the venture and the bu (...) Read more? Sign up for free

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  The Developmental Stages of Firms Involve Ongoing Competing Challenges
Katie Pawley MBA, Consultant, United States, Member
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Start-up Companies
Summary
Forum
🔥Strategy for Start-ups: The Entrepreneurial Strategy Compass
5 Development Stages of Small Businesses and Start-ups (Churchill and Lewis)
The 4 Main Tensions in Start-ups
Best Practices
🥇Creating the Foundation for a Later Success Culture in Start-ups
🥈Pitfalls in Financial Planning of Start-ups
🥉Why Start-ups Prefer Short-term, Internal Financing
Heavy Competition is Beneficial for Startups
Start-Ups Must Be Socially Beneficial
Life Cycle of New Venture. Growth and Transitions


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