Session 16 - Why strong emphasis on venture team...

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Business Start-up Functional Organization o Possible function roles President/overall leaedership VP Product development VP marketing/sales VP manufacturing VP accounting and finance VP human resources Divisional organization o Product/Brand Divisions President/overall leadership VP Mercedes VP Traveler VP Workhorse Each VP responsible for the divisions product development, marketing, sales, manufacturing, human resources When most useful? Large organizations with diverse set of products/brands Ex: General Electric (e.g. light bulbs and jet engines) o Geographical Divisions Hybrid organizational firms o Product/brand divisions Pres/overall leadership VP Mercedes VP Traveler
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VP workhorse o Centralized functions VP manufacturing VP accounting and finance o When useful? Large orgs w/ diverse set of products Some areas are better management for all divisions together (manufacturing,m accounting and finance)
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Unformatted text preview: Why strong emphasis on venture team organization: o Very few ventures survive w/out a highly effective top-,management team o Limited time to develop teams decision making capabilities Leadership o Tasks: Take initiative, set priorities and provide guidance Organize the work (effective delegation of tasks) Resolve conflicts o Modern concepts of leadership Importance of followers (good team players) Multiple leaders (task leader vs. social leader) Enabling leaders (grow abilities of team members) Venture Team Organization Time management o Time lines and dead lines o Be efficient in own work and work with others Conflict Management o Address conflicts o Separate issues from personalities o Considers others viewpoints o Work towards solutions o Support team decisions Management Simulation...
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Session 16 - Why strong emphasis on venture team...

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