The ability to equip and retain talented individuals is essential for every organization. The loosely defined organizational structure that allows small entrepreneurial businesses to thrive, can lead to confusion and uncertainty as the enterprise grows.
BizThrough Question: Am I managing my team as effectively today as I did when my business was a fraction of its current size?
Most successful businesses develop through a series of undocumented and incremental steps. Resourceful employees experiment with ideas and make intelligent adaptations along the way. Unfortunately, this process can be frustrating and inefficient to newer associates when the business reaches a certain point.
BizThrough Question: Am I effectively transferring knowledge from my experienced team members to my new employees?
As businesses grow, opportunities to drive cost out of the supply chain increase with scale. At the same time, the complexity of managing multiple vendors and disparate modes of inbound transportation increase the complexity.
BizThrough Question: Have I created a reliable supply chain while capturing cost-out opportunities?