The theory and practice of strategic management in smaller rapid growth firms

Article Abstract:

This article contrasts the theory of strategic planning with actual practice in smaller rapid growth companies. The literature on strategic planning in general and smaller organizations in particular is synthesized into a normative planning structure and framework. The resulting model is then contrasted with actual planning practice within the 500 fastest growing privately held companies (ranked according to percentage of sales increases) in the United States. (Reprinted by permission of the publisher.)

Management science, Models, United States, Usage, Business planning, Strategic planning (Business)

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The contingency plan - how to profit from opportunities created by others

Article Abstract:

Small business can not produce profit opportunities as easily as large corporations but small business can make contingency plans which will permit the advantage of opportunities, produced by others, for their own advantage. The smart business executive will focus on the company's main attributes and its availability to new opportunities, in order to produce new profits. The process used to take advantage of profit opportunities is similar to the process used to dismiss negative opportunities.

Accounting and auditing, Opportunity cost, Opportunity costs, Financial contingencies

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Quasi-boards - guidance without governance

Article Abstract:

A group of counselors will allow the owner to improve the privately owned business due to the input of impartial advice. The disclosure of the real give-and-take during the session for ISC, which has used panel counseling services for five years, will show the effectiveness of the quasi-board. ISC has an advisory board which has helped with the management and the marketing functions of the company.

Services, Management, Counselors, Counselor and client, Counselor-client relations

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