All tagged Is growth good?
There’s a mythology that's built up around the idea of growth that’s only accelerated in this age of on-demand news and ubiquitous social media.
We’re so enamored by the pursuit of growth (and scaling and valuations) that we discount those who aren’t interested in that ethos. That the idea of lifestyle businesses and staying “small” is a “settling” of sorts. That not growing is a failure of some sort - of the idea, the offering and the entrepreneur.
The recent WeWork debacle is an incredible business story that MBA students will be dissecting and analyzing for years to come.
How could a company that was expecting one of the richest, most high profile IPOs of recent times now be on the verge of bankruptcy - in barely a couple of months?
It seemed to have all the ingredients you’d want - a flamboyant founder who would often walk around Manhattan barefoot, a lofty mission about elevating our consciousness, a truly differentiated product offering and marketing buzz that the most storied brands would kill for.
There's certainly a value to be placed on growth. On the continual pursuit of expansion.
It drives us to look for development opportunities, to rethink how things are done, to change what we think is 'conventional' i.e. "the way it's always been".
Growth is a tremendous value creator.
