HOW TO MANAGE GROWTH
Don't let growth put you out in front of your headlights
So your company has something unique—a competitive edge that really differentiates you in the market. Perhaps it’s one or several of the following: product line, location, method of serving customers, a family ambiance, or it might be that you have a group of inspired colleagues. What has caused your success is forcing you to grow. OOPS! Your advantages are starting to atrophy. You have more sales, customers, work, people, and inventory—but there’s also a plethora of cash flow issues, operating problems, and customer complaints. Everybody is working harder but profits remain down and morale is starting to deteriorate.
By LSI publisher Art McNeil
The problem:
Your organization is at a critical watershed. Maintaining the status quo will not be an option—you should act on one of the following:
- Go back to the size you were when all was well
- Sell or shut down the business
- Regain the competitive edge that was once delivered so intuitively by implementing a system that enables inspirational-leadership and process-discipline. The survival and future prosperity of your growing business will require a firm foundation—a scalable culture.
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