Middle market companies bring in between $10 million and $1 billion a year, and they sit in every US city and industry. Mark “Moose” McGrath talked with Doug Farren about how they work in a VUCA world. I wasn’t on this one.
Three segments
Doug lays out the middle market and its three segments. These companies responded to the pandemic with speed. Their size lets leaders work directly with team members, which larger corporations struggle to do.
The growth wall
Middle market firms struggle to attract and keep talent, often because their value to employees is unclear. Doug describes how peer learning and team exercises help companies get past the growth wall.
Advisors and technology
Trusted advisors matter at big moments such as mergers and acquisitions. Technology is changing jobs, removing some low-skill roles and creating digital ones. Doug and Mark discuss how the National Center for the Middle Market and local chambers of commerce can help. They close on empowering employees and distributed leadership.
Distributed leadership gives a mid-sized company a way to orient fast without waiting on the top.
What would it take for your company to get past its own growth wall?
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No Way Out on YouTube:
https://youtube.com/@nowayoutpodcast