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.