Every industry experiences stages of growth, maturity and decline.
The transition to maturity or decline signals a new way of life in a companies history, which can be difficult for the founding entrepreneur and existing management.
In this blog post I discuss how some of the worlds most admired companies are making changes to continue to compete in mature and declining industries under the pressure and concern for survival.
When you transitioned from a start-up to a scale-up company, did you consider the impact the end of rapid growth would have on your company and the mental health of your people?
In mature markets there is slower growth, less creativity, and more systems and procedures such as tighter budgeting, stricter control of financial assets, and new reporting requirements.
The scaled down expectations for career advancement, also means you need to find new ways of motivating and rewarding your existing staff.
How are some of the worlds biggest global brands dealing with the realisation that the parties over?
Naomi Clews Consultancy
Procurement, Tendering, Business Skills