Question

What 3 strategies can most affect rapid growth in an entrepreneurial venture? Explain your reasoning and cite your expert resource(s).

Answer 1

3 strategies which could affect the rapid growth in an entrepreneurial venture are:

1. Identifying the business opportunity and real customers: By assessing the opportunities the entrepreneur venture can design strategies against the competitors which would help to foresee the growth fast

2. Setting key performance indicators: Reviewing the key performance indicators like revenue, profit, expansion, productivity, turnovers etc would help to achieve faster growth and have the venture in control

3. Focusing on strengths: By assessing and improving the strengths would help to perform better than the competitors
The sources can be found from the entrepreneur related pages