What can large organisations learn from a small Owner Managed Business ?
The owner follows their experience and intuition to manage various aspects of their business with speed and efficiency, guided mainly by cash and profit generation. This agility is lost when businesses grow.
With more people involved, systems and processes take over, leading to structural silos and matrixed chains of command that renders decision making more complex. Goal setting in silos can lead to team alignment issues and diffusion of responsibility. The sum of the parts does not always add up to the whole.
The business environment is getting tougher by the day
The missing entrepreneurial spirit
Companies are constantly looking for agility, adaptability, alignment and speed in decision making and execution – a quick thinking and quick moving approach to be ahead of competition. This has been the subject of a vast number of management books by well-known authors as well as a popular topic for management research and for consultants to work on.
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To achieve this agility / entrepreneurial way of working, organisations need curated information and alignment on purpose, action and outcomes. Companies need something like a central nervous system which senses the business and generates real time, relevant signals for timely action.