The challenge at this Stage lies in addressing the enormous shift in complexity in the organization as the number of employees can double from just the prior Stage. By looking at the business from the perspective of an ideal business model, providing an integrated yet holistic template of how the enterprise could perform, you can apply solutions from a more informed viewpoint. Not an easy transformation for a CEO, but a critical one to think about as a Stage 7 company.
Stage 6 is called the Strategic Stage because the risk of not seeing the larger strategic picture could cause the ‘too little, too late’ syndrome. In Stages 1 - 4, the leader acts nearly exclusively with an immediate focus, dealing with only the current issues and opportunities. The leader doesn’t really have to tackle serious budgets and long-term planning until Stage 5. Now that the company has reached Stage 6, the planning horizon must go beyond a year in order to compete in the marketplace.
As we encounter Stage 5, the Integration Stage, Stage 5 is where you must take the independent group of managers from Stage 4 and get them to work together as a harmonious, synergistic team. With the company size ranging from 58-95 employees, integration between departments is the key to success.
In a Stage 4 company, comprised of 35 – 57 employees, the changes that occur are exponentially more impactful than anything the company has experienced to date. So, when we look at Stage 4, addressing the change becomes the top priority and the focus must be on getting processes and infrastructure in place to manage this Stage of Growth.
As companies grow and move through the Stages of Growth, new dynamics arise that test the leadership capabilities of the CEO. As a Stage Three company (20-34 employees), it’s critical to understand that what has worked in the past may not work any longer.
When a company has grown to 11 – 19 employees, survival mode is quickly replaced with growth as the top priority. This is called Stage 2, or Ramp Up. This is a critical stage for the business owner who is starting to worry about the management of their growing staff.
Starting a business has never been easy; the beginning stages of a new venture can feel like a whirlwind of chaos and uncertainty. Understanding the stages of business growth, and how companies progress through these stages, is essential for any entrepreneur hoping to thrive in the chaotic beginnings of starting a company.
Standing right in the middle of the convention entry door, index finger pointed directly at my chest, the business owner looked me straight in the eye and told me my ideas on how to manage business growth were rubbish.
John Harper, CEO of a successful 98 employee manufacturing firm in the Pacific Northwest, woke up one morning to the realization that his company would hit the equivalent of a solid concrete wall going 120 miles an hour in just under 90 days. Disaster was at the door. Why?
Rewilding is an approach to regain the natural balance and vitality in nature’s eco-systems by inserting key missing elements back into a weakening system in order to re-establish a resilience and dynamic order into the system.