Managing Growth: How Cost-Conscious Planning Helps Businesses Scale Up
Few business expansions come without growing pains. Heavier workloads, changing processes, a larger workforce, and unfamiliar regulations in a new market can add complexity to even the best-run company. Growth may be a good problem to have, but it is rarely easy.To understand the challenges and how successful enterprises are meeting them, SAP Concur and Oxford Economics surveyed 500 finance and IT executives at firms around the world that have undertaken an expansion in the past year. Our research shows that most growing businesses think their business could benefit from a tighter focus on spending. Importantly, we also found that when cost control and efficiency are important factors in planning an expansion, companies encounter fewer obstacles—not just in spending-related areas, but also in terms of corporate culture and employee satisfaction.
To read our reports click the links below:
Our Thought Leadership team produces original, evidence-based research made accessible to decision-makers and opinion leaders. Principals for this project included:
Associate Editor, Thought LeadershipEmail