Question
The case study describes the growth stages of Airbnb, which started as a way for two designers to rent out space in their San Francisco
The case study describes the growth stages of Airbnb, which started as a way for two designers to rent out space in their San Francisco apartment to people attending a conference. After realizing the potential, the founders expanded their services from air beds to apartments, private rooms, boats, and virtually any place where people could comfortably spend a night. The company went through the introduction, early growth, and early portion of the continuous growth stage of the organizational life cycle. The company faced challenges along the way, including competition, government regulations, and safety issues. Despite the challenges, Airbnb remains in the continuous growth stage and continues to expand its services.
- 13-38. Help me to make a list of the things that you think Airbnb did "right" in growing its business.
- 13-39. Help me Comment on the propensity of Airbnb's founders to solicit customer feedback. Based on the information in the case, do you think they did it too often, not often enough, or just right? Is there anything in their approach to obtaining feedback that you think you'll emulate if you start a business?
- 13-40. To what degree did Airbnb pass through the introduction stage and the early growth stage of the organizational life cycle in a manner consistent with the recommended handling of each stage provided in the chapter?
- 13-41. To what degree do you think government regulations threaten Airbnb's continual growth? Do you think the company will be able to generate sufficient profits from new initiatives, like Experiences, to offset profits lost to stricter regulations?
- Help me to evaluate the potential challenges that your business might face and discuss your strategies for managing growth. ( I want to open up my gym in 10 years.)
- Jessica Martin, a classmate of yours, just returned from an entrepreneurship boot camp that your university's technology incubator sponsored. The boot camp consisted of three days of intense focus on how to successfully launch a firm. You overheard Jessica telling another classmate that the boot camp was extremely helpful and she's already signed up for another three-day boot camp that will focus on how to successfully grow a firm. The classmate looked at Jessica and said, "How in the world can you spend three days talking about how to successfully grow a firm?" Jessica opened her notebook and showed the classmate the 10-item agenda for the upcoming three-day boot camp. What do you think the 10 items consist of?(Consider the material in Chapter 13 and this chapter in formulating your answer.)
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