5. The Exceptional Enterprise model - What the market leaders say Exceptional Enterprise model Page Execution Market leader Transactions and Alliances Managing Risk Managing Finance People Recruitment and Retention Growth Company Operational Effectiveness Customer Recruitment and Management
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7. Exceptional Enterprise model Page Emerging Enterprise Rapid Growth Enterprise Next Generation Market Leader Key Challenge Customer Recruitment & Management Operational Effectiveness Transaction & Alliances People Recruitment & Retention Managing Finance Managing Risk Build Solution to Meet Customer Need Become Supplier of Choice for Key Customers Provide Seamless, Global Solutions Establish Core Competencies Develop Scaleable, Cost Effective Infrastructure Manage Global Operations Partner for Customer Value Evaluate Strategic Acquisitions Build Corporate Development Agenda Secure & Manage Risk Capital Obtain & Manage Sufficient Expansion Capital Optimize Capital Structure Build Leadership Team Manage Turnover & Expansion Balance Entrepreneurial Spirit & Corporate Culture Address Short Term Risks Adapt to Changing Risk Profile Manage Global Enterprise Risks What are your strengths ?
Our point of view is based on our extensive experience of working with dynamic, fast growth businesses for more than 30 years and from the unique insight gained from our Entrepreneur of the Year program – now running for over 20 years and operating in over 40 countries It is our belief that only exceptional companies will grow to become market leaders. To be exceptional, companies need to successfully address the 6 key business challenges – regardless of their stage of growth. Our experience shows us that exceptional companies are those that successfully utilize their key attributes to successfully address these challenges. The key challenges and the most important attributes are illustrated on Exceptional Enterprise Wheel over the page
To become a market leader, companies go through 3 stages of growth – Emerging Enterprise, Rapid Growth Enterprise and Next Generation Market Leader To be exceptional we believe companies need to utilize their most important attributes (shown on the outer circle) to help them successfully address the 6 key business challenges Regardless of the stage of growth, the challenges remain the same. However, the nature and importance of the challenge will change with growth. For example Managing Risk is likely to be more important to a Next Generation Market Leader than it will be to an Emerging Enterprise Ernst & Young can help ambitious companies to address these challenges. Not only do we have the knowledge and expertise to do so, but we also share many of the attributes that make companies exceptional. This is why integrity, quality, team work and leadership are part of our own DNA. Lets take a closer look at how these key challenge change as a company grows Questions Do you recognise that these are the most important challenges? Which of the attributes do you think are most important?