Consider the pace your business sector is growing - Deepstash

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Consider the pace your business sector is growing

Executives should analyse the pace of the specific industry in which their businesses operate.

Fast-paced sectors often require faster decision-making to respond to evolving opportunities and threats. As a result, teams in these sectors may benefit from greater autonomy.

Sectors such as chemical engineering and traditional manufacturing grow slower and expect fewer changes, making it better to centralise decision-making to streamline operations and avoid costs.

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MORE IDEAS FROM THE SAME ARTICLE

Figuring out how much autonomy to provide your international teams. Then create a plan to implement these different levels and types of autonomy around the world.

Home-office leaders need to decide how much autonomy they should give their local teams to expand into international markets.

A global company that relies heavily on capabilities like local procurement, production, and sales should consider decentralisation.

Consider how much you trust your local counterparts. The more trust and the stronger your relationship, the better it is to give local teams more autonomy.

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