Strategy of rapid growth firms: A case study on Opto circuits India ltd.

Abstract

The term “rapid growth” firm is used to identify the firms which consistently grow at a rate significantly better than the industry average. A firm in a rapidly growing industry would be expected to grow fast; therefore it may not qualify as a rapid growth firm. Rapid growth firms are based on some technological innovation (Google), unmet need or strategic alliances. The rapid growth firms are not only about making money there is a philosophy or transcendental purpose driving the growth of the firm. This may be the vision of the founder or the leadership of the firm. This philosophical framework coupled with the business model is the cause of rapid growth of the firm.