Advantages small businesses have over large companies
by: Clara James
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Word Count: 580
Good things come in small packages. Here are some of the
advantages of a small business over a large company.
Quick response time:–
A small business is very quick to respond to problems and
solve them due to a smaller chain of command. Top management is usually
available at once and so are the relevant people to be able to handle the
situation in a short period of time. On the contrary, larger businesses are
notoriously slow to respond to problems and have a long complex chain of
command. Additionally, they have a number of policies to be adhered to and
practices that must be followed at many steps along the way. This makes them slow
to solve problems and snags that come up in the course of even routine work.
Flexibility in making decisions:–
A small business has
the flexibility to bend, manipulate and change the rules depending on the need
of the hour, whereas a large company is stuck in a quagmire of policies and
legalities. There are no exceptions to the rule for a large company whereas
there may not be that many rules for a small business. This allows employees, managers
and owners the flexibility to make decisions on the spot, instead of waiting
for a long chain of command to get to the person who is able to make a
decision. The decision can be made faster, at times instantly, in a small
business and work can carry on. This increases the productivity of the
employees as well.
Personal Attention:–
The small business is able to give time and attention to its
customers and this is the foundation of a successful business. Why do people
love their favorite little coffee place as opposed to a huge chain like
Starbucks? Because the waitress is not in a rush and the guy at the counter
knows your name and because of those lovely little quiches they make at
Specialized:–
A lot of small businesses are small because they are
specialists. Some are boutiques. This gives them a major competitive edge over
the large companies that form the competition. They can do well at tasks that
are ignored or under-serviced by big busy companies.
Flat structure means easy communication:–
There is often a single point of contact offered by a small
business to its customers and this person is able to service the client better
for it. The person is more likely to know the customer’s history with the
company, better able to make a judgment call and well versed with each section
within the small business. This is mainly due to the flatter organization
structure of the small business.
Change with times:–
The small business is more geared towards change due to its
smaller size. Less training is required and the change has better reach
throughout the organization. A large company requires a lot of time, money and
effort to make even the smallest change due to its sheer size and complex
organization structure. The small business therefore, has more
future-readiness.
About the Author
William King is the director of <a
href=http://www.wholesalepages.co.uk > UK Wholesalers &
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