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Business growth is dynamic confluence of strategy and entrepreneurship

Edward D. Hess is a professor at the University Of Virginia Darden School Of Business, and an Executive-in-Residence at Darden's Batten Institute for Entrepreneurship and Innovation. Professor has an abundant experience in the business world; he worked as a senior executive at a few worldwide known companies. He is also the author of ten books, over 60 practitioner articles, and over 60 Darden cases, etc. dealing with growth systems, managing growth and growth strategies.

Hereby we present adapted insights from the workings of Edward Hess about the essence of business growth, common misinterpretations about growth, and the ways of achieving growth. Most businesses believe that in order to survive they have to grow, and that growing bigger is always better. In contrast, the research of Professor and his study of economic and finance theory reveals that not all growth is good; companies have to constantly improve rather than grow; it’s the focused strategy, culture, employee engagement and entrepreneurial mindset that triggers growth; and that growth should be a strategic decision rather than an assumption.   

Growth is: experimenting, learning, improving, changing, experimenting, learning …

Business Growth Insights