Experienced Board Director Shefaly Yogera addresses how to manage a new business once it becomes big in this article that discusses tips and tricks for business management. He suggests three things: avoiding the concerns of shareholders, embracing and maintaining the values of the original enterprise, and the importance of holding accountability. He claims the stock market is incredibly promising for big markets, but can also be detrimental; ignoring the pleas of investors can be problematic just as much as not owning up responsibility can. The key of his article is listening to the needs of all parties — it is only through unity that success can be found.
Key Takeaways:
- Since arrogance is not usually a great long-term strategy, it’s best to insure that all investors have an equal voice, avoiding a sense of the haves and have-nots in the corporate structure.
- It’s best to create a values statement, to guide a business, setting the bar for what it will and won’t tolerate, before it gets to big.
- Create accountability into every aspect of the corporate structure, so it’s inherent, before it’s ever needed.
“In a promoter-led company, there may be conflicts arising as to minority shareholder rights, so that is where the work starts.”
Read more: https://www.inc.com/quora/for-strong-leadership-when-your-company-gets-big-d.html
