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Decentralized Management for Growth Support
Chenmark manages its growth by avoiding high overhead at their HQ, preferring each business in their network to operate independently. They delegate work to individual businesses, keeping billing and procedures decentralized. The HQ has minimal staff in HR, marketing, and technology to support the businesses. They also lack a dedicated search or due diligence team, utilizing resources like a CEO training program instead. This approach may lead to intermittent search process but helps in balancing acquisitions and internal growth, reducing the need for constant new business acquisitions.