In today’s technological climate, most people can copy your tech within 6 months. To scale up, getting lost in the weeds must be avoided, but this can only be done by understanding the CRUX of what it means to scale.
Not just to scale but to scale in a focussed, pointed and deliberate manner.
On Thursday’s panel at Fintech Connect Live, there were Leaders from Kantox, Metro Bank and Habito.
All seemed to recognise the bravery needed to make tough calls.
Metro Bank’s internal mantra of ‘killing all the stupid bank rules,’ the latest Habito campaign to Kantox branding an F1 car, it was clear that missions play a role in pulling everyone together to stand for something as they take on the challenge to scale.
Key questions we wanted to cover that seem so pivotal to scale include:
- How do you ensure the board and management team commit and focus on the principles of the growth plan, without jumping to the next idea or “silver bullet?”
- How do you instil bravery & commitment in the teams that deliver the momentum to scale? One team that seems to have this right is Bud: an ambitious business in which everyone we have met is bought into the bigger mission
- How do you get departments talking and working together as you grow, not creating cracks, fractures and distance between idea & execution? One idea shared on the panel prior by Julian Sawyer of Starling Bank is to circulate staff into new departments to build empathy for his team in operations & they are inspired by new challenges.
It is clear from the audience that trying to have a different or fresh view on scale is very tough. People often talk about the same things. But knowing what you should do & actually implementing it are two very different things.
