The globalization of your product opens up opportunities for growth, however, every new market comes with its own challenges.
Hypergrowth happens when a company experiences an exceptionally rapid rate of expansion, typically more than 40 percent annual growth.
Detractors have long-term effects like negative brand perception, reduced customer loyalty, and a decrease in sales.
To proactively address liability concerns, you can create an internal product recall team for dealing with risks and ensuring quality.
2 Replies to "Building trust with an open-door policy"
There is a lot of good stuff in this article, but… IMHO, it’s quite pollyannish and sounds to me like it was written by a CEO who wants to be friends with all his employees.
I feel it’s a disservice to potential CEO’s who are thinking about this style, as it does not address the CEO’s responsibilities if implementing such a policy. The CEO has to be very careful not to go from several direct reports to the full company of direct reports.
The CEO need to constantly remind the people who he/she talks to and influence that they need to take direction from the local management and remind them all the time that they are just bouncing ideas around. In other words, don’t take this discussion as a new direction the employee should go off on. It’s got the potential (and I’ve seen it happen often), to divert employees from critical priorities that the CEO is not day to day managing.
David, I love how you’ve highlighted the CEO’s approach to building trust through an open-door policy. 😊 It’s refreshing to see leaders who prioritize direct communication and teamwork. However, managing the influx of ideas and ensuring they lead to action can be tricky. 🤔
Organizational Network Analysis (ONA) might help by mapping out how information flows and identifying key influencers. This could streamline the process, making sure good ideas don’t get lost. How do you think this approach could fit into maintaining an open-door policy?