The Ibero American Institute of Best Practices conducted a comprehensive survey in several Ibero American countries to investigate the challenges faced by companies in the pursuit of sustainable development. The survey results highlighted an alarming pattern: life expectancy for start-ups in the countries surveyed ranged from 3 to 8 years. Surprisingly, in 87% of the cases, the problem was not related to a lack of working capital or high tax rates, but rather to the lack of adoption of best practices during the expansion phase of the company's operations.

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Development:

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Life expectancy of Ibero American companies:
The survey revealed that many companies in the region struggle to stay in business beyond a relatively short period, with most not surviving beyond the 3 to 8 year range. This scenario caught the attention of experts, who sought to identify the underlying causes of this recurring problem.

 

The importance of sustainable development:
The concept of sustainable development has gained increasing relevance in recent decades. Companies that seek to grow and prosper in the long term need to consider not only economic, but also social and environmental aspects. The adoption of sustainable practices not only benefits society and the environment, but also adds value to operations and brand positioning.

 

Failure to apply best practices:
Data analysis revealed that, in most cases, the main obstacle to the sustainable development of Ibero-American companies was not the lack of financial resources, but the lack of application of best practices. Many organizations were not taking advantage of the proven strategies and methodologies that could sustainably drive their growth.

 

Expansion and expansion without solid foundations:
Another crucial point identified by the survey was the tendency of companies to seek the expansion or expansion of their operations without having a solid base established. The lack of planning and reasoned actions contributed to the premature failure of these undertakings.

 

Conclusion:

The survey conducted by the Ibero-American Institute of Best Practices brought to light a pressing challenge for companies in Ibero-American countries. The short life expectancy of new companies, ranging from 3 to 8 years, is intrinsically related to the lack of application of best practices during the growth and development process.

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To reverse this scenario, it is essential that organizations understand the importance of sustainable development and the adoption of practices that take into account the economic, social and environmental tripod. In addition, it is imperative that companies invest in sound strategic planning to ensure a firm foundation for their operations during the scale-up phase.

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Only with an ongoing commitment to applying best practices will Ibero American companies be able to achieve sustainable development and extend their life expectancy in the market, thus boosting the economic and social growth of the region as a whole.