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7 growth drivers the C-suite can control

Private companies make up vast majority of firms whose data was analyzed to find ‘growth champions’

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Two females and one male smilingSeven areas of leadership and managerial action drive growth for companies across industries, according to findings from the National Center for the Middle Market (NCMM). These findings focused on management practices within a company’s control and excluded external factors like macroeconomic conditions and an overall industry’s health. The NCMM looked at C-suite polling data over five years for companies with a gross revenue range from $10 million to $1 billion to understand what makes some organizations stand out. An overwhelming number of the polled firms are private companies. While companies in this gross revenue range represent only 3% of all U.S businesses, they make up one-third of private-sector gross domestic product and employment.

Interesting, but perhaps not surprising, the better a company performs across all seven growth areas, the faster it grows. In other words, those companies that are high performers do well in all seven areas, and performance in one area influences performance in others.

7 leadership and managerial growth drivers
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Michael WardMike Ward
National Managing Principal, Business Consulting
T +1 312 602 8500