The four questions to ask before you get ready to scale-up!
Are you attracting and retaining the right people? Do you have a distinct sustainable strategy? Are all processes running smoothly and driving superior profitability? Are you managing your cash flow effectively?
Answering these questions can prepare you to scale-up fast.
Read more at Book Summary – Scaling Up: How a Few Companies Make It…and Why the Rest Don’t .
What do you do better than others?
Is your entire organization aligned to do everything with this thinking?
If yes, then you are a “coherent” company. Paul Leinwand and Cesare Mainardi suggest taking a “Coherence Test” as illustrated in the image below.
Based on this, Paul Leinwand and Matthias Bäumler have listed the following 8 tough strategy questions .
References: (1) https://hbr.org/2017/11/8-tough-questions-to-ask-about-your-companys-strategy (2) https://hbr.org/2010/06/the-coherence-premium
Karl-Erik Sveiby [Hanken School of Economics · Department of Management and Organisation, PhD, Professor Emeritus] has presented a “A Knowledge-based Theory of the Firm to guide Strategy Formulation”.
Here are a few strategy questions listed in the research paper – based on competence and conversations.
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