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J2

The document discusses challenges that arise for businesses during expansion, including confronting performance issues, building an efficient hiring policy, and developing strategies for continued growth. It provides solutions such as clearly communicating goals, continuously monitoring performance, implementing strong recruitment processes, and getting input from team members on hiring.

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Maaz Raheel
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20 views2 pages

J2

The document discusses challenges that arise for businesses during expansion, including confronting performance issues, building an efficient hiring policy, and developing strategies for continued growth. It provides solutions such as clearly communicating goals, continuously monitoring performance, implementing strong recruitment processes, and getting input from team members on hiring.

Uploaded by

Maaz Raheel
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Answer 1

A Business in its initial stages of development encounter a variety of difficulties. When a


company expands, new challenges and prospects arise, necessitating new solutions. If your
company is to continue to expand and prosper, you must recognize and overcome the common
pitfalls associated with expansion. Being the chief of my company, I will face some difficulties
at first, some of which are stated below.

1. Confronting and improving performance

Performance problems are always going to be a concern for any one at the helm. But in today’s
fierce business environment, if our teams aren’t performing to a high standard, a competitor
could easily come in and take our customer and immensely harm our business.

Solution:

Employees will potentially fall short of objectives if they do not have specific priorities and
goals in place. Being the chief of the organization, I'll need to be vocal and consistent in
communicating goals and outlining desired outcomes to all of my team members. This way, if
any outcomes fall short of expectations, I'll be able to tackle the problem head-on by comparing
expectations to actual performance. In order to do that I'll have to continuously monitoring actual
performance in comparison to the set targets. This will also help me identify any issues early on
and offer positive input, which will help me mitigate bigger challenges later on and will radically
augment my overall performance.

2. Building an efficient hiring policy

A number of candidates out there might have the experience and skills that we might be looking
for and they would be perfectly capable to do the job as well. But this doesn’t mean they’re a
perfect match to join our team. If we make a wrong decision in the hiring process, it can quickly
affect our team's confidence and productivity and will have a huge impact on our organization’s
culture.
Solution:
Being a chief officer, it’s my job to decipher between a good skill hire and a good cultural fit.
Finding the right blend of both. I’ll have to ensure a strong recruitment process; we don’t have to
select candidates on a feeling. We need to ensure appropriate selection assessments, that’ll show
us how a particular candidate would react in certain situations and will potentially give us a little
more insight into what they’re like as an employee. Furthermore, we also need to get our most
proficient team members involved in the process enabling get a second opinion. This will also
help us find out if the candidate would be a good fit for our team, ultimately eliminating a
number of problems further down the line.

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