Top 10 Risk Factors for Growing Companies

  1. Betting against the law.
    (legally required activities on the back burner)
  2. Operational infrastructure is underdeveloped.
  3. Product and service quality are declining.
    (customer needs are obscured by growth needs)
  4. Inability to quickly capture key data.
  5. The "diligence" in due diligence is missing.
    (hasty acquisitions cause organizational indigestion)
  6. Planning horizon is too short.
    ("images in the mirror are closer than they appear")
  7. Loyalty to employees who "got us here"without accountability for results.
  8. Organizational focus is blurred.
  9. Management practices or capabilities fit yesterday's requirements.
  10. Sense of invincibility.
    (Titanic syndrome)

Next, plot the TOP 10 Risk Factors for your company on the following Priority Matrix. This will help you get the "biggest bang for your buck" by focusing on the Risk Factors that have the highest impact on your business but that you are currently managing least effectively (upper right corner of matrix).

Managing Risk Factors: Priority Matrix

 

To discuss the specific application of the TOP 10 Risk Factors to your company, contact us at (972) 250-9989 or CLICK HERE to send us an e-mail. Thank you.

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