Four mistakes SMEs make in planning for next generation leader
Focusing on the wrong or misguided priorities is an invitation to failure
FOR many SMEs, planning for future leadership is still a new idea - too often, planning for the next generation leader is considered premature, falling among other non-immediate concerns.
A recent study by American Express revealed that 87 per cent of local SMEs consider their day-to-day operations to be more important than mapping out a long-term business strategy.
While the business needs of SMEs may differ vastly from those of larger businesses, one thing remains - no organisation can grow without great leadership.
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