Amazon, Google, eBay, PayPal—what do these companies have in common? They all began as small enterprises and experienced lightning-fast growth in just a few years, and it happened so quickly and so successfully that we can hardly imagine how life would be without them.
Entrepreneur Reid Hoffman has given the practices that accelerate growth a catchy name in his book “Blitzscaling.” After helping to found PayPal, he moved on to launch LinkedIn, so he certainly has experience in this area. He describes blitzscaling as “the science and art of rapidly building out a company to serve a large and usually global market with the goal of becoming the first mover at scale.” He outlines the strategies in his book and emphasizes the importance of scaling holistically across every part of the organization, ensuring sustainability and embracing the inevitable risks wholeheartedly.