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What weighs down companies that are trying to grow?

Vincent Ryan's Profile

According to our story on CFO.com today, there are four "anchors" that tend to prevent big or small company from taking necessary actions for growth. Most of these anchors involve the office of the CFO. They include bureaucracy, operating with a short-term mentality, conditioning managers to fear failure, and overstretching teams.

http://ww2.cfo.com/strategy/2017/04/four-pitfalls-keeping-big-companies-from-getting-bigger-ceb/

Are any of these "anchors" present at your company? How do you manage or get rid of them?

Answers

EMERSON GALFO
Title: CFO
Company: C-Suite Services
LinkedIn Profile
(CFO, C-Suite Services) |

Inability (or refusal to have a paradigm shift) to adapt NEW management/business concepts or perspectives. While old and tested concepts have been successful, new ones have been proven to grow companies faster. Amazon, Salesforce, Facebook (to name a few) got to where they are faster than any company in history.

Ex. The quintessential question, WHY ARE YOU IN BUSINESS? will provide a good perspective on CEO/BOD viewpoints. While the anchors are real and happening, i think they are just symptoms or results of having outdated management/business concepts.

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