I am reading Strategies for Hypergrowth from the ExpressExec series. The series is a collection of mini size books that summarize the core concepts and practices about a topic. I found the series shallow in coverage but started liking this particular book.
It’s probably also because Magnet is growing rapidly now and I am learning about things to watch out for!
Few ideas from the second chapter:
- Hypergrowth occurs when an organization is growing at a much faster rate than other similar organizations.
- Hypergrowth may be successful or unsuccessful. The latter often leads to the demise of the organization!
- Cashflow and the input of resources need very careful control during a period of hypergrowth.
- Hypergrowth organizations are most likely to be found at the adolescence stage of the organizational life cycle.
I am currently reading the evolution of hypergrowth and found the account of industrial revolution, the railroad boom and the shipping industry boom fascinating. Realized how much things have grown in the last century. And how fast we are progressing every day!
Growth is something that must be managed, and hypergrowth even more so. Imagine hitting an obstacle when you are going at the speed of sound. So better be careful! 🙂