Demo Description
Top 10 challenges faced in scaling up the business |
§ Lack of Alignment in the values and Purpose of the company |
§ Market Misalignment between the Product/service offered and Customer needs/wants |
§ Owner Centralized Decision Structures leading to a bottle neck at the top |
§ Lack of a clear business direction cascaded down to the team below |
§ Lack of efficient & seamless integration of technology in the business operation |
§ Inability to handle Next Generation Succession and Engagement effectively |
§ Lack of Non Family professionals in key positions |
§ Lack of an effective board for the External View of Business Performance |
§ Inability to attract and retain talent due to favoritism towards family members |
§ External Variables like competing with big businesses, foreign companies, and a very fast changing technology landscape. |
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