Assignment 3 Essays

2536 Words Aug 8th, 2013 11 Pages

Follow these procedures: If requested by your instructor, please include an assignment cover sheet. This will become the first page of your assignment. In addition, your assignment header should include your last name, first initial, course code, dash, and assignment number. This should be left justified, with the page number right justified. For example:

KnightJSKS7000-8 3 |

Save a copy of your assignments: You may need to re-submit an assignment at your instructor’s request. Make sure you save your files in accessible location.

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Growth is an eventual part of any organization's life span, which is rich with opportunity and issues. On one side there is the fact that with growth there is also an increase in financial growth that the owner and employee can enjoy In addition, sometimes viewed as confirmation of the owner’s initial business plan and a culmination of his hard work in attempting to make his dream become reality. According to Sherman business growth allows small company owners with concerns that the owners may need to take care of such as: "Growth causes multiple changes, which may cause many challenges, such as managerial, financial, and legal. Growth causes an influx of new employees to be hired; they will seek guidance from the upper management to lead them. Expansion means the organization will be less centralized, Expansion decentralizes an organization's management abilities, which causes internal politic levels to rise, and this may cause dissention over projects and tasks pursued by the company. Growth causes a lot of changes that will cause the organization to evolve and change Sherman said that the need for an organization to grow has to be tempered by its need to understand long-term profitable growth, which is a byproduct of effective planning (Sherman, 1997). Smaller businesses can grow by focusing on many different approaches. The more plausible manner would be by increasing the inventory of their product or the service provided, and not changing the manner

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