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All business owners face challenges, and whilst every business has its own challenges, it is useful for small business owners in particular, to have an insight into the major challenges faced by their bigger competitors.
Such insights can be useful as a guide to areas that smaller, but growing businesses, can address before they become the type of big issues that keep business owners awake at night.
This excellent article by John Spence, identifies four major challenges faced by the majority of large businesses, and it explains the consequences that flow from the failure to address these issues.
If your business is on the path to success, it most likely is being managed in accordance with the strong vision of the founder, or a vision collectively agreed to by the management team.
The extent to which a business that actually has a vision for the future, will manage to achieve the articulated vision, depends on many factors ,not the least being communicating the vision in a way that sticks in the mind of all required to work towards its achievement.
This excellent article, discusses a study that identified the best ways to communicate the vision of the business to stakeholders, and suggests five qualities which need to be displayed in communicating the vision.
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