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Strategies for Mature Stage Companies by Ateeya Manzoor

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2 pages

As a Company grows and matures, Ateeya Manzoor suggests that it is important the organization understands how to plan effectively for new challenges, issues, markets and problems.

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Ajouté le : 20 août 2015
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Management Strategies for Mature Stage Companies by Ateeya Manzoor
Ateeya Manzooris a management strategist and partner at Mayfair. As a professional with over Ifteen years of experience, Ateeya has worked with a large range of clients in various industries and sizes, ranging from large publicly traded Inancial institutions and technology Irms, large resorts and entertainment venues, to midsized oil and gas companies, midsized medical and quasi medical coaching practices, to small non-proIts requiring a fresh perspective.
As a Company grows and matures,Ateeya Manzoorsuggests that it is important the organization understands how to plan eFectively for new challenges, issues, markets and problems.
- Basic Existence Stage
Small Business Growth Stages
- Main ïssues and Characteristics
Obtaining Customers Delivering the product and service Viable Services Expand from key customers to broader sales base Have enough Cash on Hand to cover Cash low demands Owner performs all Management functions Often a lack of Planning & Systems Business just trying to remain viable Have yet to stabilize production or product quality Trying to gain suîcient customer acceptance Business has strong demand on the Owner's time, cash and energy
Survival Mode Stage
- Main ïssues and Characteristics
Business demonstrates viability as business entity SatisIes a base of customers ocus shifts from existence to managing Cash low Generate enough Cash low to break even, stay in business and Inance growth ocus on Market Niche exploitation
Simple organization and the owner begin to delegate to a manger. However, strong direction and control still rests with the Owner.
Obtaining Success Stage
- Main ïssues and Characteristics
Exploits its Market Niche Obtain Strategic goals Expansions is important but stability, control and proItability are key as well Owner's Options: oExpand and Grow the business oMaintain Stability as a means of support to the owner oOwner considers disengagement from the business Market penetration Competitive Edge unctional Management & Owner Delegation
Rapid Growth Stage
- Main ïssues and Characteristics
Committed to a Growth Strategy Concerned with adequately Inancing the growth stage Need good ownership delegation to improve managerial eFectiveness. Enterprise develops complexity. Performance Control Systems are important Established Expense and Budget Controls to maintain strong Cash low. ProItability Planning Systems are critically important
The Role of Business Planning
A good Business Planning Structure will look at the mentioned factors (among others) and eFectively plan, develop, install and implement systems and processes to manage and anticipate these challenges throughout the business enterprise. A company can grow, or for that matter, collapse, so quickly that it is very important to have Planning and Control Systems in place to manage all the numerous variables which a business encounters and considers. Therefore, as the business grows and changes, and as the markets and competitors change, the small business has established systems and resources in place to successfully handle and manage these changing forces and factors.
As a company grows and matures, other factors in its successful management and growth become important.Ateeya Manzooranalyzes a company's Growth Stages and identiIes common issues, success factors and problems for each particular stage; identify Management Considerations and Challenges as the company grows and matures; and consider uture Planning Requirements.
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