How to ensure success in new markets

WHAT does it take for business units to operate effectively and succeed in new markets? What do failed business expansions have in common?

In a volatile and diverse economy, how should top business executives redefine the relationship between the head office and business units to drive future growth?

The answer lies in building robust, well-coordinated and integrated corporate oversight to supervise, support, control and monitor business operations on an enterprise-wide level.

Effective enterprise-wide oversight allows detection and rectification of early signs of strategic errors, incompetent management, operational weaknesses, as well as poor governance and risk management practices.

With a unifying and shared corporate culture, effective corporate oversight could instil good governance and supercharge business performance and strategy for…