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Lecture 7

The document discusses developing the management team and organizational structure of a new venture, including initial simple design, expanding roles as the business grows, retaining control as the entrepreneur, defining jobs and relationships, reflecting goals and objectives, providing rewards, and specifying training.

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mohammadaliae71
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29 views9 pages

Lecture 7

The document discusses developing the management team and organizational structure of a new venture, including initial simple design, expanding roles as the business grows, retaining control as the entrepreneur, defining jobs and relationships, reflecting goals and objectives, providing rewards, and specifying training.

Uploaded by

mohammadaliae71
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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THE ORGANISATIONAL

PLAN
CHAPTER 9
DEVELOPING THE MANAGEMENT TEAM

• What is the role of the management team in a new venture?


DESIGNING THE ORGANISATION

• Initial design will be simple.


• Transition from a start-up to a growing, well-managed business.
• Structure will need to expand; employees with defined roles.
• Effective interviewing and hiring process will ensure new employees will
grow and mature with the new venture.
MANAGEMENT CONTROL

• In any new venture, the entrepreneur(s) will want to retain as much control as
possible over the business.
• In a proprietorship, the entrepreneur has the most control and flexibility in
making business decisions.
• In a partnership majority rules unless the partnership agreement states
otherwise.
• Control of day to day business in a corporation is in the hands of management,
who may or may not be stockholders.
ORGANISATIONAL STRUCTURE

• This defines members’ jobs and the communication and relationship these
jobs have with each other.
PLANNING, MEASUREMENT &
EVALUATION SCHEME

• All organisation activities should reflect the goals and objectives that
underlie the venture’s existence.
REWARDS

• Members of the organisation will require rewards in the form of promotions,


bonuses, praise etc.
SELECTION CRITERIA

• The entrepreneur will need to determine a set of guidelines for selecting


individuals for each position.
TRAINING

• On or off the job, must be specified.

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