Growth and the impact of globalization
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The document discusses the pros and cons of business growth and globalization. It notes that businesses can benefit from economies of scale as they grow, such as through lower average costs and specialized managers, but that diseconomies of scale can also occur as communication breaks down and decision making slows. The document also weighs the tradeoffs of staying small with a friendly atmosphere versus the opportunities of expanding through exporting, career growth, and wealth creation for owners. Methods of growth discussed include internal organic growth through marketing and efficiencies as well as external options like joint ventures and mergers.
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