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A survey of
fast-growth companies performed by the Ivey Institute for
Entrepreneurship, Canada asked
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business leaders to rank tasks and practices
by difficulty and importance. Here are the five most important tasks
identified by firms with the fastest growth rates:
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Attracting qualified people for key positions.
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Retaining key employees. One particular challenge for growth
companies: compensating the founding staff. When rapid growth demands
new employees and new skills there are often serious tensions between
the new employees, who start out at competitive wages with defined jobs,
and the veterans, who have brought the company to its lofty heights.
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Developing financial monitoring systems.
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Providing product support and
customer service.
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Developing internal control systems.
→
The Tree of
Business Success
→
6Ws
of Corporate Growth
→
Balanced
Business System
|
→
10 Rules
for Building a Great Business
→
7 Routes To
High Profits
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