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MANAGEMENT CHALLENGES FACED BY RAPID GROWTH ENTERPRISES EXECUTIVE SUMMARY

By Chad Saunders and Yolande E. ChanChad Saunders and Yolande E. Chan

Abstract

The characteristics of rapid growth enterprises make the management of these businesses especially challenging. In this paper, a framework of issues relevant to the management of high growth enterprises is developed. This framework is then compared with the findings of a study that ranked the top 12 management challenges faced by CEO’s of rapid growth enterprises. The information technology (IT) management implications of these top 12 challenges are discussed. Related recommendations are provided below. 1. Managing cash flow during growth. A guiding principle of rapid growth enterprises is to plan for growth. A critical aspect of this is ensuring that information technology decisions made now do not restrict critical choices in the future. A realistic view of the useful life cycle of the technologies that are purchased, or better still leased, is essential to maintaining flexibility. 2. Employee buy-in: fostering an open environment while systemizing the process of guidance / focus. A technology plan or policy is needed that specifies employee hardware and software

Publisher: 2011-10-28
Year: 2000
OAI identifier: oai:CiteSeerX.psu:10.1.1.194.5716
Provided by: CiteSeerX
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