Having experienced a period of growth may have had the consequence that business processes have become less efficient and may also have influenced company culture so that cost focus/awareness has become somewhat distant. Market demand may equally be above the company capacity which will either open for new competitors and/or strain the company as performance will suffer from an inability to deliver on customer demand. The focus on managing growth will therefore be to navigate the company in both addressing possible inefficiency and on how to address above normal demand.
SPECIFIC ISSUES AND KNOWLEDGE NEEDED TO MAKE DECISIONS
- What are the possibilities when efficiency gets corrupted in a period of growth?
- Can company culture be addressed e.g. through an introduction of a performance management system?
- How is above average demand addressed:
- Joint venture?
- Different ways of sourcing?
- Accept new competitors?