Lack of a precise development strategy:
- Our purpose is often undefined or vague.
- It is often based on the owner’s vision or dreams without a comprehensive action plan.
- We do not measure progress in achieving it.
Companies often face challenges that hinder further growth, such as limitations in scaling their business or managerial inefficiencies.
Lack of a precise development strategy:
Growth potential of the company – often remains undefined or determined based on expert knowledge or intuition. While achieving local success, the question arises: Are we ready to achieve global success?
Readiness for expansion – concerns about risk, inability to assess critical risks in new development projects and effectively manage them; lack of sufficient expertise, for example in internationalization of the company or building strong internal and external R&D capabilities.
Financing expansion – concerns about indebting the company in relation to financing the expansion and difficulties in arranging intelligent development financing.
Scaling a business is a collaborative effort to collectively build the growth and value of a company within a defined period of time.
• Acceptance of the action plan and schedule for its implementation
Aggregated at the company level, the key metrics for protecting owner’s interests can include:
• Defined target level for each strategic initiative, measured at checkpoints
• Analysis of Key Performance Indicators (KPIs) at checkpoints