Week 1 - MBA 6101 - Ascend Your Start-Up

The growth and development of companies comes in phases. There is the initial startup with large growth opportunity. Then there is a period of overextension which may cause founders searching for their companies meaning. It is important that founders reevaluate their goals and trajectories and may need to reduce and organize their company before future growth. By focusing on a problem founders can utilize different ideas for solutions. As they reset and learn, companies can begin to grow again.


Failure to reset and adjust, leads to startups going out of business. "Good to Great" by Jim Collins describes how companies are able to reach maturity and then strive for greatness. It is not only based on how the companies adapted but also focused on the mentality and perspective of the personnel leading the company. To succeed companies, need to see where the problem is and look to solve the problem. One example that exemplifies as a startup that nearly failed but is thriving is Tesla. Elon Musk fossil fuel consumption is not sustainable at the current rates. He looked for a solution and created an electric car. This led to another problem, how to charge the cars. He created Tesla charging stations throughout the world to help charge while people traveled. By being innovative and seeing the problems and working toward solutions, founders can grow their business.

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