Growth in Business: How to Reduce Stress? Structure it Better

June 9, 2013 - All, Featured, Line Management, Middle Management Roles
Growth in Business: How to Reduce Stress? Structure it Better

Your organization is into few businesses. You already have set of competencies. Now suddenly the organization needs to expand into new paradigms involving very different processes and skills.

You need to acquire same skills in each business.

If you feel like adding the skills to all teams at once, take a pause, deep breath and read on. 

I bet the following WILL go wrong:

Expanding to New Business

Then how do you do it ?

One Good Example of Restructuring

One organization I know had started off as software center. It structured software R&D into 6 of their business units. Later, it had the need for expanding into hardware. Instead of just hiring hardware folks in respective business teams, it created a common hardware team and common infrastructure. Once there was critical mass, the teams were spread into respective business groups.

This way, careers were taken care. There was ecosystem for hardware folks to feel comfortable instead of being in respective silos. For the organization, it meant that the initial investments were optimally used. For the senior people hired in hardware, there was sufficient team strength and budget in initial days. This gave enough room for the leader to grow the teams to new heights and to grow his own career.

How did you handle entering into new domain ?

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