Reference no: EM131718906

The GoVenture experience was one that I learned a great deal from. First thing that I think should be acknowledged is that when it comes to running a large, even a small company, as an owner you must ensure that you work with other partners. Talk, must go back and forth. One person will never make all the correct decisions. With that being said, you must also remember that it is not about you, it is about ensuring that the company is successful. You must check your ego at the door in order to make this happen.

Next, is the use of all your resources. Research and Development (R&D) is one of the greatest assets. This is where the company must invest as much as it takes to prosper. This department are the key to knowing what the consumer wants and how they want it. The one thing to remember is that R&D also falls under the oversight of Human Resources. The appreciation and the strength of the employees are what makes or breaks a company. If the employee wants to be there, they will work harder, as well as if the benefits are good, their will be less of a turnover ratio. All these objectives led to success.

The key factor to remember is that they are all enter twinned. One element affects the other and as such, the ownership/management needs to insure that they are keeping their eye on all the moving pieces.