A company grows in a multi-dimensional facet. From a small company to become a larger company, the overall capacity to manage and deliver should likewise mature.
For every company, the core management or the people who make up various regions & levels of management are vital and form the strength area of the company.
The more skilled the manager, the better chances of handling complex events in any project; meaning which, if you have through skills to work with, you can mature your delivery capability for further complex projects. There by boosting the organization strength to work in-demand areas and thus survive on the basis of quality, skill & not just on quantity.
High skills fetch premium rates and more work execution happening on premium rates, further the growth.
Risks in the form of ability of the management to retain highly skilled profiles!
Retention does not happen beyond a certain level, thus churn rate, also sometimes called attrition rate has to be kept low, as low as possible. The churn rate is measured against a period and if the overall churn rate is lower in longer period of time say, 2 years instead of 1 year, the company would still sustain, maintain steady progress.
Risk in form of investment and time needed to build such skill base!
Building a team, building a highly skilled team requires both time and money. The investment should be regular, clear and binding. Another hidden risk towards building a high skilled team is in the form of projects choices made and how well coordinated the delivery is.
Risk in form of Project Choices!
A company does, for most of the time, provided it is doing well in lead generation and sales, a choice to choose the project. And more importantly a choice in solution to deliver!
