Scaling Ventures 2024 Course Outline With Honor Code
Scaling Ventures 2024 Course Outline With Honor Code
Course Objectives:
THE GOAL OF THIS COURSE is to make strategic scaling decisions that are grounded in
operational reality. The course adopts the perspective of the CEO and functional leaders in
growing ventures and organizations and explores issues that leaders and managers
encounter after a firm achieves product-market fit.
Key Takeaways:
We will approach the challenge of scaling by taking a holistic view that incorporates
competitive strategy, financial evaluation, and the customer experience. We focus on
decisions and challenges that many firms that try to scale their operations face with the focus
on assessing the readiness of the firm to scale, and the required steps to scale. In particular,
we will discuss whether the firm needs to reformulate its strategy; whether the firm should
build competencies in-house (for example, by investing in a portfolio of assets) or buy them
(for example by developing and implementing a network strategy working with external
suppliers) and the risks associated with scaling these. We will also discuss the
organizational implications of scaling, focusing on designing the organizational structure and
culture for growth, all while managing the challenges within and across the product,
engineering, sales, marketing and sales functions.
Learning Goals:
(1) Understand the notion of scaling and how it that different from growth
(2) Understand the main challenges firms face as they try to scale
(3) Build a framework that will help the students make scaling decisions, linking strategy
and execution.
Assessment: Exam
Assessment Guidelines
Assignment Schedule:
POLICY:
Attendance Policy
The attendance policy as laid out by the Programme Office applies. Please refer to your
Student Handbook for details.
Honour Code
BITSoM takes the honour code seriously, and so should you. The student handbook
contains details on the honour code policy at BITSoM. You are expected to abide by an
honour code and follow a culture of honesty. Please ensure that you read the relevant
section(s) in the handbook. Feel free to ask us in case you have any questions.
Coding scheme for all course work
Assessment:
Session Schedule
After Class:
Extra Readings
Session 2: Scalable?
Before Class:
In Class:
(i) Understand that (rapid) growth should not be the goal of every firm
(ii) Explore the main business model drivers that encourage (rapid) growth and how
they are related to the notion of scaling
(iii) Introduce the main framework to test for readiness to scale?
After Class:
Extra Readings
After Class:
Extra Readings
In Class:
(i) Discuss the notion of “Efficiency” and explore the financial and consumer
related aspects of it.
(ii) Develop a framework tying operational and marketing data together with
personal estimates and projections of key resources and process to assess the
readiness of the firm to scale.
(iii) Understand how to identify key scaling metrics
After Class:
Extra Readings
In Class:
After Class:
Extra Readings
After Class:
Extra Readings
In Class:
(i) Understand the shift from asset ownership to orchestration.
(ii) Understand the unique challenge of choosing the right pace of scaling a platform.
What are the factors that motivate firms to pursue or avoid accelerated growth
strategies in such settings?
(iii) Explore the unique scaling metrics of a platform.
After Class:
Extra Readings
After Class:
Extra Readings
After Class:
Extra Readings
(i) How should firms allocate decision rights as the organization grows with focus on
central versus local decision rights.
(ii) Indicate how scale changes the role of a founder/CEO
(iii) Discuss the need to modify reporting structures and clarify decision rights as the
organization grows with focus on central versus local decision rights. Emphasize the
importance of culture, communications and other soft interventions to mitigate the
effects of structural changes.
After Class:
Extra Readings