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Managing the Transition
The critical challenge faced by all early stage companies is "managing the transition" from an early stage venture to a high potential company. We can identify the management challenges that must be overcome and the management objectives that must be met to succeed in "managing the transition" as shown below.
George Mason University currently offers a portfolio of services addressing the needs of new ventures and early stage emerging growth companies. But to successfully "manage the transition" demands new skills and support services that go beyond learning how to start and manage new ventures. And these new skills must go beyond classroom training and provide hands-on support, insight on best practices of business leaders and other 'real world' insights designed to achieve a single objective: to provide participants with the management strategies and 'toolkit" to help executives more effectively 'manage the transition' and grow their respective business.
To meet this market need, GMU is pleased to announce the launch of the GMU MEC Entrepreneurial Step Up Program™. The initial program is scheduled to start in February 2008 and is targeted to address the needs of Tier 2 companies (typically high growth companies with minimum revenues of $2 million, more than 10 employees and in business for at least 3 years).
To successfully 'manage the transition,' early high potential companies (“Tier 2”) typically need two levels of support to grow and achieve a sustainable, defensible competitive position in the global marketplace:
- Entrepreneurial Executive Education providing executives with new entrepreneurial management skills to address the challenges of growing an early stage business and creating value for all stakeholders
- Company-Specific Advisory Services helping executives understand how to more effectively manage and control business growth and address the most critical company challenges and issues.
The GMU MEC Entrepreneurial Step Up Program™ is a structured program that uniquely addresses this need. The GMU MEC Entrepreneurial Step Up Program™ has been carefully positioned to provide both the required new entrepreneurial management skills for executives and targeted advisory services which address the most critical company challenges and issues. To the best of our knowledge, no college, university or organization today is comprehensively addressing the two level needs of Tier 2 companies in the Washington, D.C. area. George Mason University also anticipates the new program will provide direct economic benefits in the Washington, D.C. metropolitan region.
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