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Solutions for the problems of internal and external growth - Coggle Diagram
Solutions for the problems of internal and external growth
Training
Main problem
the growth can cause some staff to be given new roles
This can cause the lack of necessary training to allow them to do ther new job properly
internal growth
this could happen to existing staff
external grwoth
this could happen to inherits staff
Mangement changes
is when a business buys another and it will replace or spread its mangers to cover all the areas
Also it will recruit new staffso both businesses are able to work together
Incentives for staff
With growth of the business the staff should work hard and effiently to be able the business to succed
Staff morale is common pproblem in business
This is whenthe business introduce incentives such as bonuses or extra days off work
Set realistic targets
Is when the business grow and set unrealistic targets for futurevrevenue or profit
If that happens the business will be seen as a not succeeded business
But by setting this reaistic targets the business will be more successful
Invest in the business
When the business growth internally or externally they will needto spend aditional money on
equipment
training
other assets
This additional investment will help the business to succed
Production problems
A business can mantain production levels with the right staff and production methods
using it to help stock levels will also help
Communication
A good comunication will help the business to prevent messages from being lost
The business should use all forms of internal and external communication to succeed