Want to Change Your Start-up into a Corporation? This is What You Should Know
22 April 2019 8:22 AM GMT
While you assemble the required tactics to escalate; customer type, management style and fast-response teams will substantially differ from your current stance; which are quintessential for you to uphold
- Let's take a fictitious character Mrs Sharma, who is also a founder of a startup in the automotive telematics space, were discussing the risks involved while going from 1 to n. Her company had started moving towards mainstream buyers and the numbers were taking a major upturn.
- A new CEO would eventually be hired, usually from a "more" process driven company to take his place.
- Thought it might seem linear and simple, but a firm's transformation from a small startup to a larger company involves a lot more managerial efforts than just administering sales.
- As Mrs Sharma's company moves from early adoption to mainstream market, her entrepreneurial management style needs to be succeeded, by a process-oriented management style that brings in the necessary culture and organizational structure.
- While dealing with early adopters, Mrs Sharma had created functional departments that would respond to customers, competitors and market opportunities.
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