Imprinting companies’ brand names into the history is hard but to maintain that stature consistently is even harder. To become best of the best, an enterprise must work hard and most importantly in an organized manner. Well considering the growth and development of the company, any enterprise must focus on its annual growth rate. Depending upon the growth rate, there are certain categories in which companies and big enterprises fall into. Categories mostly are normal growth, rapid growth and hypergrowth; where hypergrowth indicates that the company is at its peak of success.
Firstly, let us understand the concept behind hypergrowth and how can it be beneficial to the enterprises.
Dive into the Hypergrowth
Economics experts claim that in order to achieve Hypergrowth, the Compound Annual Growth Rate of the company must be up to and above 40 per cent of the overall annual growth rate. If elaborated, the company must show consistency in maintaining its growth rate above 40% for about more than one year. Know More...
