Managing growth and entry strategies across borders

Mazzarol, Tim, Dickie, Laurie, Dickie, Carolyn, & Casali, Gian Luca (2013) Managing growth and entry strategies across borders. In Casali, Gian Luca (Ed.) Global Strategy : A Step-by-Step Guile to a Successful Business Venture Across Borders. Tilde University Press, Prahan, VIC, pp. 177-196.

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Abstract

Should the firm move successfully into a growth or expansion phase the owner manager will be required to increase the scale and scope of its operations. Part of this expansion will involve hiring additional employees, and increasing the overall complexity of the firm's activities. It is likely that the need for greater levels of professional management will be required to operate the firm, along with the need for enhanced planning and the introduction of systems to support the new levels of complexity.

The transition from a small, owner-managed firm to a large systems-managed business will require the development of a team-based management approach with greater specialisation within the management team. Corporate governance is also likely to change as the growth cycle takes place. As it grows, the business will become more formalised in its accounting, management and other systems. The need for greater quantities of capital is likely to lead the business towards equity finance. As new equity partner are taken into the company the original owner managers may find their level of control diminished. The larger the firm becomes the more likely its management structure will become decentralised with greater separation between the owner and the firm in terms of operational and financial matters.

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ID Code: 75755
Item Type: Book Chapter
Additional URLs:
Keywords: Managing Growth, Entry Strategies, Borders
ISBN: 9780734611970
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > International Business (150308)
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Management
Deposited On: 29 Aug 2014 01:15
Last Modified: 25 Jun 2016 07:30

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