2. Sustaining Growth 2
Introduction
In the current robust business setting, an organization should remain competitive by
taking actions strategically. Sound governmance and risk framework, along with Enterprise
Resource Planning is a managerial tool that supports a company to get a competitive advantage
over the rivals by incorporating business procedures, and optimizing assets. Good governance is
used by leading companies in the world to support their exponential growth and sustain it in the
long-term. The purpose of this paper is to address some questions related to the development of
the organization and how to maintain the growth rate in the long run. The paper seeks to address
all concerns in a comprehensive manner about the organization.
Questions
Following are some issues responded in the paper. They are as follows:
What is the maturity level of organization?
How to sustain double digit growth in the long run?
Discussion
Many business groups have seen exponential growth in the near future, but still not
applying the well structured business processes and control, to support their operations. There is
no internal control mechanism and no well-grounded organizational audit function to ensure
transparency in the organization's operations. Considering the case of an organization, it has
well-formulated business plans and forecast statements to attain high rate of growh in the coming
five years. However, at the same moment, it focuses narrowly on scaling its operational activities
3. Sustaining Growth 3
to promote the exponential growth rate of the company. In the end, when the expected growth
rate attained, there is no well-designed business activity to maintain that development that may
direct towards more disruptions in the operations.
Nowadays getting the high level of revenue is not enough, but also having sufficient and
well-structured business procedure and control, risk and governance frame in corresponding with
the growth is also similarly important. Since the company grows and expands in size, if not
promoted by well-structured business procedures and improved internal control and risk
governance, external shareholders may not be gaining the expected outcomes and encourage by
linking with growing organization. It impacts the long run relation and raises concerns over the
sustainability of the organization's growth.
Quite frequently, even the financial resources and assets outlining the growth rate of the
organization does not integrate the expense needed to upscale the business procedure together
with sound ERP. Growth at exponential rate seems right, however, if not encouraged or managed
properly may direct towards inefficiency.
