The American Management Association featured an article from Phimation Founder & CEO Dave Haviland in its November 2010 Performance & Profits e-newsletter. In the article, Dave covers five key steps for managing business growth in a volatile environment.
Dave writes that small and medium-sized businesses have been reporting more uncertainty and volatility in their markets. This causes extra pressure because many are dealing with growth challenges at the same time. Dave goes on to say the following:
“There are two situations that many small businesses face today when the standard growth “playbook” doesn’t work: rapid growth and growth in a volatile environment. Both are actually a variation on the underlying theme of managing uncertainty. In rapid growth, the volatility is created inside the company; in a volatile market environment, the uncertainty comes from outside.”
The five steps Dave outlines will help small business leaders manage more effectively when faced with growth and volatility.
View the entire article here: Five Key Steps for Managing Business Growth in a Volatile Environment
