Growth Hub August 2019

Round2: Taking control of growth: how to address the challenges of sustainablegrowth in 2019

Taking control of growth – how to addressthe challenges of sustainable growth in 2019 was under the spotlight at thelatest Business Growth Hub workshop. Using the idea of ‘learning in the flow of work’ we linked insights about businessgrowth directly to day-to-day challenges of attendees.

Looking at taking control of growth we discussed:

1. Are you too lean to grow? Could you befacing the four components of the ‘perfect storm’ leading to growth stagnationor is there an opportunity to outperform the competition? The four components were - having a heavy ‘lean’ focus, suffering from a ‘GFChangover’, being burdened by technology overload and only having a low level ofchange readiness and capability.

2.      Are we listening too much to customers?Exploring the recent failure of ‘Shoes of Prey’, a seemingly successful,entrepreneurial start up that grew quickly but ultimately claimed they‘listened too much’ to customers.

3.      Are we innovating too quickly? Lookingat the idea of ‘minimal viable product’ are businesses ‘pivoting’ theirstrategy too often, leading to change fatigue and

4.      Exploring the two biggest barriers to growth – Bain and Co’s revelation that 85% of executives claim the biggestbarriers to growth lie within their own four walls - bureaucracy andcomplexity.

We would like to invite you to join us forsome practical ‘learning in the flow of work’ at the next Business Growth Hub on 26th September 2019, if you’re interested please contact Christine Warner via email on christine@mgbca.co.nz.

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