• The New terms: continuation of ''The end of anything ..."

    The best thing about studying from the articles is that you get numerous number of perspectives and though you have no background in the knowledge of that specific area you tend to understand as each author tries to explain his/her viewpoint. From there then its upto the person to connect the dots and make it useful to him/her. This brings me to the terms that I found quite interesting. They are as follows:
    Omnipotence syndrome
    Companies try to grow too fast and run out of cash.

    Omniscience syndrome
    Companies are unable to delegate effectively enough to make the company work

    Ossification
    It is characterized by a lack of innovative decision making and the avoidance of risks. It seems most common in large corporations whose sizable market share, buying
    power, and financial resources keep them viable until there is a major change in the environment. Unfortunately for these businesses, it's usually their rapidly growing competitors that notice the environmental change first.

    Reference
    Churchill, N.C. & V. Lewis (1983), The five stages of small firm growth, Harvard Business
    Review, 53, 43-54.
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