High Revenue Growth: 4 Fundamental Steps

High Revenue Growth: 4 Fundamental Steps
Facebook Twitter Email LinkedIn

High Revenue Growth Requires a Company-wide Mindset and Effort
Most CEOs say they want rapid growth. Many boards expect it. Yet sustained high revenue growth remains surprisingly rare. The reality is that most companies increase revenue by less than 10 percent per year, and over the past three decades only about one in ten S&P 500 companies has consistently grown faster than the broader economy.

That gap between aspiration and reality exists for a reason. Consistent and profitable revenue growth is difficult. It rarely comes from a single strategy, initiative, or executive decision. Instead, it requires a coordinated, company-wide effort that aligns strategy, culture, and leadership around a shared ambition.

High growth organizations do not simply pursue more opportunities. They think and operate differently.

4 Fundamental Steps to High Revenue Growth

Unless your company has created a breakthrough product that instantly dominates the market, sustainable high revenue growth rarely happens by accident. It requires disciplined execution, coordinated effort, and sustained commitment across the entire organization.

The companies that sustain meaningful growth over time typically follow a set of fundamental principles. While every industry and business model is different, high growth organizations tend to approach growth with the same underlying discipline and structure.  Four foundational steps consistently separate organizations that struggle to grow from those that build sustained momentum:

  1. Set the Stage with Strategic Clarity
    Our organizational alignment research found that strategic clarity accounts for 31% of the difference between high and low growth organizations. The first step to high revenue growth is to actively engage all key internal and external stakeholders in the strategy design process to ensure that they have the level of buy-in and commitment required for growth.  Everyone should agree that high growth is necessary either to stave off competition, minimize complacency, survive a turbulent time, or to fulfill your company mission and vision.

    There is no doubt that sustainable high growth requires high commitment with crystal clear company-wide goals and accountabilities, meaningful rewards, and relevant intrinsic and extrinsic motivators.  It also requires making tough choices about how and when to invest in innovations versus optimizing current offerings and capabilities.

    Is your high revenue growth strategy clear enough, believable enough, and implementable enough to get you where you want to go?
  2. Purposefully Shape Your Culture to Drive High Revenue Growth
    Organizational culture, how work gets done on a daily basis, exists by design or by default.  We believe that it is the responsibility of high growth leaders to shape a high growth culture that fully supports their go-to-market strategy.  We know from our organizational culture assessment data that high growth requires a sales driven culture that is healthy, high performing, and aligned enough to accelerate, and not hinder, growth.   

    To grow, company-wide behaviors, mindsets, and decisions must be growth-oriented; any silo-based mentalities and priorities must be shifted.  Business practices and ways of thinking must encourage the reallocation and focus of resources toward a commitment to growth initiatives, a bias toward growth actions, and an intimate understanding of customer needs.

    Is your culture helping or hindering your plans for growth?
  3. Focus on High Growth-Oriented Talent
    High growth is not for every leader or for every employee.  High growth companies expect and need more from everyone — typically at a faster and more hectic (but also a more opportunistic) pace.  High growth companies are typically fast moving, pressure-laden, and everchanging environments.

    To make sustainable growth happen, you must proactively and aggressively invest in attracting, onboarding, developing, engaging, and retaining talent that have a growth mindset.  You must thoughtfully identify and double down on the skills, knowledge, and motivation required to make high growth happen in both the short- and long-term.

    Are your succession planning and talent management strategies geared toward high growth?
  4. Be Great at Executing Strategy at Speed and Scale
    Strategy execution is where the rubber meets the road, where aspiration becomes action. Grand plans without effective execution are pretty meaningless.  Strategy execution trumps strategy design every time.

    Once you have aligned your culture and talent with your strategy, your next step is to make it as easy as possible to scale.  Ensure that every growth initiative is fully understood, supported, and aligned with how people think, behave, and work.  Then create the communication, accountability, and support mechanisms to know where you stand, to reward growth-oriented decisions, and to empower people to succeed.

    Are you set up to execute your growth strategies quickly enough to take advantage of market opportunities and offset competitive threats?

The Bottom Line
Whether it is based upon necessity or desire, if you make the choice to pursue high revenue grow, be ready to explicitly align your strategy, culture, and talent with your growth aspirations on a daily basis. Have the fortitude to create enough directional clarity and cultural meaning to inspire everyone to strive for more.

To learn more about how to create high revenue growth, download 3 Sales Trends Impacting Your Sales Strategy

Evaluate your Performance

Toolkits

Get key strategy, culture, and talent tools from industry experts that work

More

Health Checks

Assess how you stack up against leading organizations in areas matter most

More

Whitepapers

Download published articles from experts to stay ahead of the competition

More

Methodologies

Review proven research-backed approaches to get aligned

More

Blogs

Stay up to do date on the latest best practices that drive higher performance

More

Client Case Studies

Explore real world results for clients like you striving to create higher performance

More