Edward Hess [Archive.org URL]

Growth can be good and growth can be bad. It depends. Growth can create value, but, if not properly managed, growth can destroy value. Growth can destroy value when the amount of or pace of growth exceeds managerial capacity, stresses quality controls, stresses financial controls, dilutes one’s customer value proposition, and propels a business into a different competitive space where it will compete against better capitalized, more efficient competition.

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