Description
Based upon the readings and your experiences, which of the 4P’s (Planning, Prioritization, Process, and Pace) do you think is most important in growing a business and why? Furthermore, should future scaling challenges or potential growth thrusters impact what type of business an entrepreneur starts? Why? Think about businesses with which you are familiar and how scaling and growth thrusters may have impacted business decisions.
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Explanation & Answer
Attached.
Running head: GROWING A SMALL BUSINESS
Growing a Small Business
Institution Affiliation
Date
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GROWING A SMALL BUSINESS
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According to most businesses personnel, all the stages of growth which include planning,
prioritization, process, as well as pace are very crucial. However, there exists one stage that
exceeds in importance compared to the others (Blick, 2011). This is the pacing element of an
enterprise. This is because it is usually considered in every stage of development of an
enterprise. It is also essential for a company that is developing at a rapid pace tends to be
vulnerable to generating severe quality issues. Its workforce, as well as finances, could be
affected too since speedy growth could be exhausting these essential resources. Therefore, the
enterprise could as well be prone to failure if it’s pace in not regulated.
Pace is closely co...
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