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Stages of Growth in Leading Firms


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Course Description

6.0 CE credits for General, Adjuster, Accident & Sickness, and Life licenses
approximately 6 hours, $39.00 (prices may change without notice: consult the VuBiz website)

Learn to promote and identify growth, avoid pitfalls of fast growth, and profit from rapid expansion. Learn valuable strategies from expert leading-growth CEOs in this material, courtesy of the Government of Ontario. Hone your skill in business management, organization, and planning.

3 Required Modules

Leading Growth Firms: Great Beginnings
Leading growth firms are defined as companies whose sales grow by 50% in three years or less. As these companies grow from start-up to threshold firms, the CEOs must make changes at each stage of growth in order to ensure success and, often, survival.
  • The characteristics of leading growth firms and the six stages of growth in their evolution
  • The first two stages of development in leading growth firms and their challenges and opportunities
  • Strategies successful CEOs employ to promote growth in the first two stages
Leading Growth Firms: The People Crunch
In stages 3 and 4, the CEO must build a management team to support production and meet client needs. Operations-management structure becomes a priority. CEOs take a critical look at their teams and may search for new talent. They may also consider new product development and new markets.
  • Characteristics, priorities, and needs of leading growth firms that have an established, successful product or product line
  • Challenges and strategies of successful CEOs as they lead their companies forward
Leading Growth Firms: Expansion
Leading growth firms in stage 5 dramatically expand the scale of their businesses to increase and diversify the number of product lines, clients, and markets. A high-powered management team leads the company. In stage 6, the firms are able to reinvent themselves and sustain long-term growth. Multiple product lines and markets allow the companies to compete and grow towards threshold level.
  • Characteristics and needs of leading growth companies in stages 5 and 6
  • Priorities as CEOs lead their corporations through these last stages of growth to create diversified, stable corporations that can compete and survive

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