Managing in Time/ Place of unusual growth

Economic growth has become an undeniable necessity in the business world, especially given the rise in global market competitiveness and shareholders’ increasing demands for short-term returns on investment and higher dividends. In addition, “effective policies to promote growth have changed substantially over time” . Consequently, we may run into a major paradox with the economy, depending on the viewpoint we take. Theories such as the Endogenous Growth Theory advocate a “positive growth rate of output per capita in the long run” resulting in “continual advances in technological knowledge in the form of new goods, new markets or new processes” . In other words, policy measures may have a positive impact on the long-run growth rate by “increasing the incentives to innovate” . On the other hand, shareholders who have taken over corporations and are increasingly “try[ing] to influence management to make certain changes that they say are in the shareholders’ interest” , which can be translated simply in to “letting go of some cash”4.
Moreover, given all the technological advances our century has seen, we can assume that growth can appear more or less unusual because of the constant changes we are facing in the global marketplace. Overall, even if we can see an acceleration in the expansion process for businesses, given the changing business environment, we can refer to this as unusual growth compared to the traditional growth rate model from the past. But what really is happening is that growth itself is changing pace and rhythm to match the economic evolution of man. Mankind, in a time frame of 10 years has managed to double the world’s GDP from $32 trillion to $64.7 trillion, according to UK bank Standard Chartered. This clearly shows that growth rate is evolving and what we referred to as unusual growth (compared to the past models) is in fact a contemporary evolution of growth. So considering this new frame of