Smart Growth: Building an Enduring Business by Managing the Risks of Growth (Google eBook)
Wall Street believes that all public companies should grow smoothly and continuously, as evidenced by ever-increasing quarterly earnings, and that all companies either "grow or die." Introducing a research-based growth model called "Smart Growth," Edward D. Hess challenges this ethos and its dangerous mentality, which often deters real growth and pressures businesses to create, manufacture, and purchase noncore earnings just to appease Wall Street.
Smart Growth accounts for the complexity of growth from the perspective of organization, process, change, leadership, cognition, risk management, employee engagement, and human dynamics. Authentic growth is much more than a strategy or a desired result. It is a process characterized by complex change, entrepreneurial action, experimental learning, and the management of risk. Hess draws on extensive public and private company research, incorporating case studies of Best Buy, Sysco, UPS, Costco, Starbucks, McDonalds, Coca Cola, Room & Board, Home Depot, Tiffany & Company, P& G, and Jet Blue. With conceptual innovations such as an Authentic Earnings and Growth System framework, a seven-step growth funnel pipeline, a Growth Decision Template, and a Growth Risks Audit, Hess provides a blueprint for an enduring business that strives to be better, rather than simply bigger.
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BUILDING AN ENDURING COMPANY BY MANAGING THE RISKS OF GROWTH
Defining the Growth Mental Model
What Is the Growth Mental Model?
Smooth and Continuous GrowthWall Street Rules
Earnings Game Example
Why Should Your Company Grow?
Tiffany Co Case
Smooth and Continuous Company Growth THE EXCEPTION NOT THE RULE
Darden GrowthInnovation Model
Best Buy Co Inc Case
Biology THEORIES OF GROWTH
Procter Gamble Company Example
Defender Direct Inc Case
Smart Growth AUTHENTIC GROWTH
Hess s Organic Growth Index Studies
Wiggins and Ruefli Study
Sysco Corporation Case
Economics THEORIES OF GROWTH
A ResourceBased View of the Firm
Ecological SteadyState Economics
EconomicsTheories of Growth
McDonalds Corporation Case
Organizational Design and Strategy THEORIES OF GROWTH
Sustainable Competitive Advantage
DisclosureTransparency of the Earnings Game
What Is the Impact of the Earnings Game?
CocaCola Company Case
Managing the Risks of Growth PUBLIC COMPANIES
Growth Risks Audit Checklist
Starbucks Coffee Example
Home Depot Inc Case
Managing the Risks of Growth PRIVATE COMPANIES
Room Board Case
It Is Time for Smart Growth
Costco Wholesale Corp Example
United Parcel Service Case