Chapter 6: Aggressive growth ventures: changing the world (2024)

Chapter 6: Aggressive growth ventures: changing the world

Michael H. Morris

and

Donald F. Kuratko

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Category:: Monograph Chapter

Published:: 10 Jan 2020

Page Range:: 85–100

Collection:: Business 2020

DOI:: https://doi.org/10.4337/9781789900224.00014

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Aggressive growth ventures are explored. These are often disruptive businesses that change markets, industries, societies, and sometimes, the world. Although fewer in number, they create a disproportionate number of patents, jobs and wealth in society, and can enhance the global competitiveness of a nation. Aggressive growth ventures can generate huge returns to founders and investors, but also represent significant risk. They are often trying to create a market that does not exist, or significantly change how people address a particularly need. They require extraordinary amounts of resources to fuel growth, which leads them to rely heavily on large equity investments from outside parties. As a result, the founder(s) must generally be willing to give up a substantial amount of ownership. These are especially volatile ventures, with high stress levels, and intense demands placed on the founding team and early stage employees.