The key objective of this course is to help students understand the different stages of company development: from start-up to established and sustainable growth. Each of the phases has its peculiarities and pitfalls. These must be adequately circumvented or managed by entrepreneurs to allow for successful progression to the next stage.
This course analyses how companies are established by entrepreneurs and how innovation drives growth and performance. We illustrate the importance of incubators in encouraging innovative value propositions that allow companies to grow and improve. The course also covers the analysis of M&A activities to further stimulate growth. Once companies have reached a certain stage, top executives and their boards often decide to raise money on the capital markets. This course analyses the importance of corporate governance in guiding organizations towards more transparency and responsibility. Corporate governance also implies an integrated perspective on risk management. Expanding organisational activities in other parts of the world affects corporations’ risk management.
This course attempts to integrate and explain the various aspects of company development and what kind of management is needed in each growth stage. Students develop one aspect in a paper and link it critically to the rest of the course.