Growing Pains: Transitioning from an Entrepreneurship to a Professionally Managed Firm

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9780787986162: Growing Pains: Transitioning from an Entrepreneurship to a Professionally Managed Firm

Since it was first published in 1986, Growing Pains has become a classic resource for understanding how start-ups can make the transition to become large, professionally-managed organizations that maintain the special spark that launched them. In the fourth edition of Growing Pains, authors Eric Flamholtz and Yvonne Randle have thoroughly revised and updated the book to include new ideas and concepts including information about strategic planning, Sarbanes-Oxley, family businesses, and overcoming growing pains, as well as new examples and cases of companies.

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From the Inside Flap:

The past few decades have witnessed an explosion in entrepreneurship. Thousands of new companies have been created in areas a diverse as bioengineering to chocolate chip cookies. The question is: Why after a successful beginning do some successful start-up business lose momentum and fold? What secrets have other start-up companies discovered to help them navigate the rough waters of rapid growth and ultimately flourish?

Since it was first published in 1986, Growing Pains has become a classic resource for understanding how start-ups can make the transition to become large, professionally-managed organizations that maintain the special spark that launched them. In the fourth edition of Growing Pains, authors Eric Flamholtz and Yvonne Randle have thoroughly revised and updated the book to include new ideas and concepts including information about strategic planning, Sarbanes-Oxley, family businesses, and overcoming growing pains, as well as new examples and cases of companies.

Growing Pains shows that many entrepreneurs are unprepared for the rigorous organizational demands of rapid growth. As firms mature, the loose, informal management styles that drove them to success become inadequate. Original systems are strained, profits decline, and founders are ousted to make room for more experienced managers. Drawing on the experiences of Starbucks, Wal-Mart, PowerBar, eBay, Dell Computers, among other success stories, Flamholtz and Randle show entrepreneurs how to make the successful transition from humble start-up to professionally managed firm without sacrificing the unique spirit that inspired the company in the first place.

The authors provide readers with a framework they can use to evaluate their firm's growth objectively, anticipate problems, pinpoint solutions, and plan strategies that will move their company toward desired goals. They outline the seven predictable stages of organizational growth and identify what must be accomplished in each stage to ensure the company's continued healthy development.

Growing Pains provides the entrepreneur with many proven principles of professional management, providing guidance in such key areas as strategic planning, organizational structure, management development, organizational control, leadership, and corporate culture management. Growing Pains offers business founders the information they need to face the often complex challenges as they transform their companies into professionally managed firms.

From the Back Cover:

"This book provides a proven framework and a practical approach for dealing with what matters most for the success of any growing organization. I found it comprehensive and compelling".
—Madhavan Nayar, founder and company leader, Infogix

"Although we already had a culture of pursuing continuous improvement, we lacked a framework for planning to restructure Pardee Homes to take advantage of our talented people, resources, and systems to expand our business into new markets. Utilizing 'the pyramid' we have developed a disciplined approach to truly strategic planning (and planning for contingencies), excellence in execution and objective measurement of goals and objectives in every department and in every division."
—Michael McGee, CEO, Pardee Homes

"Growing Pains documents the proven system utilized by Flamholtz and Randle to guide numerous companies through the start-up phases to national-level growth. This is not a book of academic platitudes or untested abstractions, but is a practical guide book based on hands-on experiences and demonstrable successes. Because Flamholtz and Randle have developed their perspectives from having worked closely with many companies and management teams, their judgments are solid and their principles can be followed with confidence."
—Henry Cisneros, executive chairman, CityView

"I have had the great fortune to personally witness a multitude of small business owners and nonprofit executives successfully apply the principles taught in this book to transition their organizations toward enduring success.¿ The concepts in this book provide the critical tools and knowledge for any entrepreneur to channel their passion into a concrete strategy that enables them to take their business to the next level. Flamholtz and Randle's Growing Pains is worth the investment of the most precious of our commodities—time and intellectual energy!"
—Helen Han, CEO, National Association of Women Business Owners-LA

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