The old belief that the management system to kill the entrepreneurial spirit is wrong. Perhaps, when the company has fewer than 100 employees, the business can go for less. But, as the authors point out in this article, companies are really able to grow faster, provided that they have a strong internal planning and control systems in the early stages. They secrete eight main categories that require management attention, if companies are to achieve high growth rates: financial planning, financial evaluation, HR planning, HR evaluation, strategic planning, management, product development, sales / marketing management and partnership management. Of these, financial and strategic planning are the key to focus on from the beginning, and the authors consider it in terms of start-ups, to glean an understanding of how best to take these measures over time. Managers, they say, must also make the right mindset and be ready to acquire the necessary skills, or to step aside if they do not have what it takes. Having the best system or business model in the world is worthless if it can not be properly implemented. And it is this ability of performance, what is really needed to create a high growth, stable performance and continued reinterpretation over time. "Hide
by Antonio Davila, George Foster Source: IESE-Insight Magazine 8 pages. Publication Date: September 15, 2010. Prod. #: IIR031-PDF-ENG