It doesn’t matter what type of business you head up, the products and processes may change but the principals of achieving success are all the same. The same principals apply to manage growth and organisational change. Your efforts need to be proactive and not reactive. You need to know more about the competition than they know about themselves.
Effective businesses require even more effective organisational structures, policies, procedures and strategies to underpin direction, accountabilities and responsibilities for decision making leading to sustainable and profitable growth. There also needs to be a professional means of communicating this to all key stakeholders including employees, customers and suppliers. As a business grows the earlier productive influences which were instrumental in the success journey become less pervasive. Therefore, as the business grows it will require a more systematic approach to the way it conducts all operational aspects both internally and externally. Effective corporate governance is essential.