Skip main navigation

New offer! Get 30% off one whole year of Unlimited learning. Subscribe for just £249.99 £174.99. New subscribers only. T&Cs apply

Find out more

Business growth explained

What is business growth and how does it differ between for-profit and non-profit organisations? Chris Hope explains more in this video.

In this video you will learn about the concept of business growth from both profit-oriented and non-profit perspectives. Examples of successful growth are discussed, including Shopify’s rapid revenue increase due to its technology platform and global expansion, and Tesla’s significant market share growth in the electric vehicle industry.

The video also highlights that non-profit organisations like UNICEF measure growth differently, focusing on increasing the number of people helped and donation amounts. Overall, this video emphasises that growth can be measured in various ways depending on the organisation’s goals and sector.


References

1. Shopify Revenue 2013-2020 SHOP [Internet]. www.macrotrends.net. Available from: https://www.macrotrends.net/stocks/charts/SHOP/shopify/revenue

2. Rapier R. Why Tesla’s Market Share Is Set To Plunge In 2023 [Internet]. Forbes. 2022. Available from: https://www.forbes.com/sites/rrapier/2022/12/19/why-teslas-market-share-could-plunge-in-2023/

This article is from the free online

Growth Strategies for a New Business

Created by
FutureLearn - Learning For Life

Reach your personal and professional goals

Unlock access to hundreds of expert online courses and degrees from top universities and educators to gain accredited qualifications and professional CV-building certificates.

Join over 18 million learners to launch, switch or build upon your career, all at your own pace, across a wide range of topic areas.

Start Learning now