Do you know how to address the Challenges of Your Company’s Unique Stage of Growth?
Most forward-thinking CEOs are attempting to transform their enterprise in one of more ways. It appears that many initiatives are not very well thought out. A study by McKinsey found that fewer than one-third of organizational transformations succeed at improving a company’s performance and sustaining those gains.
The Challenges of Growth
Any enterprise that is navigating the complexities of entrepreneurial growth must continuously be in a state of transformation. My work guiding business owners through the complexities of growth is based on James Fischer’s research and the discovery of unique challenges in each of the seven distinct stages of entrepreneurial growth. Those stages are illustrated in the chart below.
Fischer found the complexity of navigating the stages of growth is caused by the addition of people. The fact is organizational transformation involves human transformation.
In the current knowledge economy, we spend far less time quietly working away at our desks and far more interacting with others. This is particularly true for the CEO who starts an enterprise based on his/her technology and their role as a technician. At about stage two with 20 to 34 employees, the CEO will begin to experience overwhelm and burnout unless there is a successful transformation from being CEO-centric to enterprise-centric.
Teams of fully engaged top talent must be in place so all roads no longer run to the leader. Yet, it is rare that thoughtful consideration is given to how and when to make that happen. The ever-present necessity to focus on increasing cash flow comes at a great cost unless adequate investments are made in staffing and development of top talent.
Take notice of the chaos zones between the seven stages called Wind Tunnels and Flood Zones. Flood zones are where there is a flood of activity to such an extent that there is never enough staff to handle all the work. Wind Tunnels are transition zones where the management methods and tools that worked in the past unfortunately no longer work.
The First of Nine Fundamentals of Effectively Navigating the Stages of Growth
- Provide a dynamic method of planning that is accessible by the whole organization and allow contribution and strategic authoring by the entire staff.
This planning must occur within the context of a Growth Roadmap with a sequence of methodical steps. Properly implemented there can be a shift from overwhelm and frustration to becoming fully-focused and fulfilled.
Schedule a Discovery Call With Me
Set aside 10 minutes and complete the online growth stage questionnaire. Then, you and I will have a call to identify the top challenges you are facing now and how to best prepare for your next stage of growth. We will also determine if the Business Growth Accelerator Roadmap is right for you.
NOW, CLICK HERE to Access the Online Growth Stage Questionnaire and Schedule Your Strategy Call with Me.