Monitor key real-time
operating variables (e.g. adherence to schedules). Why the importance of
implementing financial and operating controls? Clearly, when the actual
measures differ from the target, there is a problem that the
CEO must address. The deviation from expected or normal is the
Small firms require few controls to keep their tightly
teams operating smoothly.
Growth changes all that. Setting clear
responsibilities and priorities for
managers and employees help avoid
confusion and maintain efficiency as an organization
expands. Of course,
it ain't easy. Growth
CEOs gave poor marks to their ability to execute
Stay flat.Hierarchy is a foe of fast-growing firms. Growth CEOs suggest expanding
the span of control of the
level of management, rather than adding layers to the company.
training for all new hires.While
leaders of the "gazelles"
scored low on the execution scale,
CEOs from more established firms got
even poorer marks. No time. The report suggests that this idea is
expensive and time consuming and that's why it's so hard to get