Question

What are some issues that growing companies face?

Answer 1

A growing company has to face several challenges some of which are listed below:

• A growing company faces the issue of keeping up with the competition already existing in the market: a growing company is new and keeping up with the competition and establishing a niche for itself is a challenge infront of the company.
• A growing company faces the challenge of understanding which work to delegate and in which work a personal  involvement of the management is required: understanding delegation of duty is a challenge.
• The problem of how to effectively manage the cash flow in the organisation: initially , the company faces a number of roadblocks, so cash flow management is a challenge.
• The market is constantly changing, a growing company faces the issue of keeping up with the market changes.
• A growing company needs a proper culture to be established in the company , nurturing a great company culture is a challenge before a growing company.