Tag: management

challenges for rapid growth of firm,”Opportunity Overload Rather than lacking enough sales or new market opportunities (a classic concern in mature companies), many entrepreneurial firms face an abundance of opportunitiesAbundance of CapitalWhereas most stable or established small or medium-sized firms often have difficulties obtaining equity and debt financing, most of the rapidly growing firms were not constrained by this.Cash Flow Management These firms all pointed to problems of cash burn rates racing ahead of collections. They found that unless effective integrated accounting, inventory, purchasing, shipping, and invoicing systems and controls are in place, this misalignment can lead to chaos and collapse.Decision makingShort term planning instead of long term strategy. Many of the representatives of these firms argued that under conditions of rapid growth

Management

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