Business Scalability for OpEx
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The term ‘scalability’ describes the ability of any business rise to the challenge when there is a need for an increase in operational output, resultant from revenue generation success associated with revenue operations. The ability to strategically launch and scale a business, in a balanced way, is necessary to enable the business to be operationally effective and efficient for ongoing and sustainable growth.
Early-Stage Business ‘Startup’
The term ‘startup’ refers to a company in the very beginning stages of operations. Startups are typically founded by entrepreneurs who want to develop and market a product or service in which they believe there is market demand.
Startup companies don't typically begin with a fully developed business model and, more crucially, lack adequate capital to move onto the next phases of business maturity. These companies are often funded by their founders and/or early-stage investors who place a premium on ‘launching’ the company to market the initial product and/or service to quickly create revenue and provide a return on their investment (ROI).
Effectively Efficient
Operational Excellence cannot be achieved without the consideration of effectiveness and efficiency in association with the operational performance of the organization.
- Effective involves "producing a result that is wanted."
- Efficient involves "producing desired results without wasting materials, time, or energy."
“Efficiency is doing things right; effectiveness is doing the right thing.” - Peter Drucker