Common Problems
UK scale-ups employ over 3 million people and have a combined turnover in excess of £1.3 trillion. Widely considered to be the engine drivers of local economies, scale ups are thought to be twice as innovative as large firms, employ twice as many apprentices, and are on average 42% more productive than their peers.
They invariably grow turnover by 20%+ year after year, and typically enjoy market-leading gross profits of 70%+ and net profits of 20%+.
Despite the obvious commercial benefits of managing a scale up organisation, leadership teams face a number of very complex and unique challenges that require them to display exceptional decision-making skills along with an ability to seamlessly juggle both the strategic and operational goals of the organisation whilst mitigating risks.
The importance of dynamic and strong leadership within scale up organisations cannot be overstated.Recent studies have shown that 86% of leaders see succession planning as an urgent priority whilst 45% of organisations in the UK cite “struggles with developing management talent”. Some 77% of all organisations also believe that they have a “leadership gap”.
Without an exceptional leadership team with the ability to plan strategically, very few organisations ever manage to scale up, let alone maintain industry leading growth rates, and therefore fail to address common strategic challenges such as;
- Overcoming a talent & skills gap
- Accessing and exploiting new customers / markets
- Building their leadership capabilities
- Bridging the infrastructure gap
- Accessing the right combinations of finance
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