Growth is vital to prosperity. Every person, every company, and every national economy must grow. Are you doing work for a ongoing company that is growing? Could it be growing profitably and with no decline in velocity? What goes on when the development rate is low or negative even? If the business all together or your business unit lags behind competitors, your individual progress shall suffer.
If the business’s sales are smooth for five or six years, people will not have the chance to be promoted and move forward. Top managers shall start to cut costs, slice the true variety of employees, cut layers. They’ll start reining in R&D and advertising, good people will leave, and eventually the business will get into a loss of life spiral. Nowadays, no growth means lagging behind in a world that grows every day.
If you do not grow, competition will overtake you eventually. Westinghouse, for example, used to be weighed against GE. It lost its way, didn’t concentrate on growth and efficiency, and no much longer exists. There is Digital Equipment Corporation Then, recently the world’s second-largest computer company. It trapped with making mid-sized computer systems when the world was going to PCs.
While upstart PC manufacturers like Dell and Compaq grew, Digital Equipment did not. It lost its independence when Compaq obtained it. Growth has a mental dimension. Growth energizes a business. A ongoing company that is expanding attracts talented people who have fresh ideas. It stretches them and creates new … Read the rest