Business start-ups
PA designs and implements all stages of a new business start-up program, from identifying and implementing technical solutions to managing the provision of its infrastructure.
Many organizations need to find speedy routes into new markets and are choosing ventures or start-ups as the vehicle to do it. However, most organizations are unlikely to have the experience or skills to do this well. The business needs to be built to leverage value from the parent organization and support an agile and innovative environment. The following measures can be taken to ensure this happens.
Provide freedom to grow rapidly
Do not restrict the start-up to one 'killer' product, service or customer segment - and do not impose bureaucratic decision processes in the early stages of growth. Project management principles can be used to ensure that the start-up team is task-focused and provides the 'parent' with confidence in their ability to deliver.
Create space to be agile
This can be achieved through continual innovation of processes that focus on a few, key results; growing a reconfigurable organization; sharing values common to staff and customers and building a flexible systems architecture.
Recruit and retain the staff needed to be successful
Attract the resources required, not just the resources that happen to be available from the parent organization. Also design reward structures and incentive schemes to encourage value creation.
Our track record
PA has an outstanding track record in planning and managing business start-ups, working with a wide range of companies to launch new products and exploit new technologies in order to deliver benefits. Some examples include BBC and Egg. Alternatively, click here to view all of our project and program management track record.
Contact us
To find out more about how PA can add value to your new business venture, please click here to contact one of our business start-up specialists.
Employ these measures during a business start-up
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