New Venture Creation

Management

New Ventures 1 BUSAD 511 Instructor: Chuck Thomas Penn State Great Valley New Ventures

McGraw-Hill/Irwin

abc

McGraw−Hill Primis ISBN: 0−390−52229−5 Text: New Venture Creation: Entrepreneurship for the 21st Century, 6/e Timmons et al.

This book was printed on recycled paper. Management

http://www.mhhe.com/primis/online/

Copyright ©2005 by The McGraw−Hill Companies, Inc. All rights reserved. Printed in the United States of America. Except as permitted under the United States Copyright Act of 1976, no part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without prior written permission of the publisher. This McGraw−Hill Primis text may include materials submitted to McGraw−Hill for publication by the instructor of this course. The instructor is solely responsible for the editorial content of such materials.

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MANG

ISBN: 0−390−52229−5

Management

Contents

Timmons et al. • New Venture Creation: Entrepreneurship for the 21st Century, 6/e V. Startup and After

1 1 15 26 36

17. Managing Rapid Growth: Entrepreneurship Beyond Startup 18. The Entrepreneur and the Troubled Company 19. The Harvest and Beyond 20. Crafting a Personal Entrepreneurial Strategy

iii

Timmons et al.: New Venture Creation: Entrepreneurship for the 21st Century, 6/e

V. Startup and After

17. Managing Rapid Growth: Entrepreneurship Beyond Startup

© The McGraw−Hill Companies, 2004

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Chapter Seventeen

Managing Rapid Growth: Entrepreneurship Beyond Startup

“Bite off more than you can chew, and then chew it!”

Roger Babson Founder, Babson College

Results Expected

Upon completion of the chapter, you will have: 1. Examined how higher potential, rapidly growing ventures have invented new organizational paradigms to replace brontosaurus capitalism. 2. Studied how higher potential ventures “grow up big” and the special problems, organization, and...