How much is too much when it comes to reporting? Whilst capturing, consolidating and publishing corporate information is an important management tool (and typically a governance requirement), large organisations can easily get bogged down in administrative red tape of their own making. To be globally competitive, the imperative for business leaders is to streamline rather than add further complexity to management processes and reporting procedures as their organisation grows.
The ways of the modern business world are changing and evolving almost as fast as global organisations are trying to find and maximize new business opportunities. For many companies, growing beyond their initial national borders is an undertaking that has been years in the making, while others – nearly from the start – have grown cross-border roots just as soon as their ideas took flight. Yet in either case, savvy global executives must consider the complexities and the complications that can come from growing too fast or from simply stretching the boundaries of products and services to new markets overseas.