A naukri.com initiative
Medium
1w
205
Image Credit: Medium
5 Challenges Scaleups Face & How We Solve Them
- Scaleups face many challenges as they grow, including misalignment, communication inefficiencies, organization and sharing of documents, poor onboarding and the development of strategies to meet business objectives.
- Clarifying company purpose and values is a way of creating alignment and building the base upon which culture grows.
- Communication inefficiencies can cost a business up to $12,506 per employee each year and business leaders estimate that employees lose nearly 8 hours per week due to communication breakdowns.
- Employees spend an average of around 9.3 hours a week trying to find documents, making clear documentation essential for all organizations.
- 20% of employees leave organizations within two months if they have a bad onboarding experience, making good onboarding a crucial aspect of successful scaling.
- Scaleups need to make sure that new joiners develop organizational knowledge, which they'll need to create value from their initial days.
- Working with scaleups to design an onboarding experience that prioritizes the information employees need can help them acclimate quickly to the organization.
- We help scaleups develop strategies that meet their business objectives and work with their team leaders to translate this strategy into goals and initiatives related to their specific department or teams.
- Cosmic Centaurs help set solid foundations for distributed scaleups by working with leaders to establish the structure, processes, systems, and culture they need to set their teams up for success.
- Cosmic Centaurs provide interventions based on a 4-step approach that range in size and scale, from setting up relevant infrastructure and processes to upskilling middle managers to enabling a cohesive organizational culture.
Read Full Article
12 Likes
For uninterrupted reading, download the app