Business Growth Essay Example | Topics and Well Written Essays - 2000 words

Business Growth - Essay Example For an investor, growth is an investment style which looks for stocks with high earnings and revenue growth. Business growth can also be understood as any firm generating essential positive cash earnings or flows and that flow increases at faster rate than the general economy. Definitions and Business Platform The term platform is used in various different situations. Earlier the term platform was used as a synonym of operating system. However, today it has a wider meaning and is used to describe variety of situations. Business platform is a method which creates an environment of integration to accelerate approach of operation towards partners and customers. The business platform reduces the gap between the operations, partners and customers and brings them closer. Reducing the gap between these three important elements enables the business to perform efficiently and properly which leads to reduce cost of production and increase customer satisfaction. For growth of any type of busine ss customer satisfaction is very important and essential as today’s economy is a customer oriented economy ands not product oriented (Zook, & Allen, 2001) . The business platform not only brings these three vital elements closer but also finds efficiencies and unlocks innovations from every part of the business. Business platforms have number of characteristics in common. Platforms are open to everyone and can be put up easily. Even though, platforms can be commercial or non commercial no one needs to take permission or pay money before building up a business platform. Platforms magnetize builder’s community, in order to increase these communities; these communities should be taken care of and managed properly. Building community helps in building the business more efficiently as because of the community one get help of suppliers, customers and partners. It removes barriers and makes flow efficient by giving the option of self-service access. Platforms do not different iate between large and small builders. Some platforms allow participation of small builders in the competition and these businesses sometimes even disturb present businesses. It is a two way contract between builders, who utilizes the platform and the platform provider, who offers the platform services to builders. Sometimes it has been seen that platform assist unexpected conclusions. Platform is a good thing when managed properly. We experienced in our project that platforms are very important to make people aware of our product. Platforms can be easily understood as Marketing. For our project we took help of different platforms like we announce about our project in mosque, stick posters on the walls of mosque, send direct marketing emails and text friend to pass this message. Below given are the stages, which a business goes through It has been observed that fast growing companies are disordered places to work. With the expansion of work and business, things or strategies which h ad worked well in past, start weakening and add no help. People and teams get flooded with workload and with the expansion of business, same managers who were very efficient earlier start committing mistakes with their expand area of control. Because of increase work load systems start collapsing (Burke, & Barrow, 2008). Growth is pleasure when everything goes right however it is even more stressful when things happen incorrectly. Apart from this,