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Corporations "Have To Grow" when the "people" who own a controlling interest in the ownership insist it must. That's it.
If those with a controlling interest have other priorities, like long term stability, then the decision about growth is based on entirely different parameters. This is unusual since most new corporations solicit "Venture Capital" for which the founders give up a "controlling interest" for the opportunity to get the business to profitability. Once they do that, they do the bidding of "The Capital" probably to the expense of the founding vision. The bidding of The Capital is "GROW!".
Why? So The Capital can sell their shares at a much higher price than they paid for them. Granting management (and maybe employees) shares and options, they buy loyalty to "GROW!!". But they sell to other Capital who take up the cry.
Other explanations obfuscate the simple answer.
When the corporation is privately held and the founders own the controlling interest, if they talk about having to grow, that's usually Greed talking. Overative Greed Glands are common among "entrepreneurs". If it's not JUST for the money, it was the only way to get experienced Management as the Founders failed to execute a succession plan, to replace themselves.
Marjorie Kelley's "The Divine Right of Capital" explores this in more detail. Just remember, management works for The Capital.