Unformatted text preview: ork, then it won’t be successful. Keep this in mind as you
plan your management and develop this part of your plan. Cover the Bases in Text
Summarize Your Management Chapter
The management chapter starts, like the other chapters, with a good summary. Cover the main points.
Consider what you’d say about your management team if you had one or two paragraphs to say it.
Make sure you cover the basic information ﬁrst. That would include how many employees the
company has, how many managers, and how many of the managers are founders. Is your team
complete, or are there gaps still to be ﬁlled? Is your organizational structure sound, with job
descriptions and logical responsibilities for all the key members?
Particularly with start-up companies, you may not have the complete team as you write the plan. In
that case, be sure to point out the gaps and weaknesses and how you intend to ﬁll them. Explain Your Organizational Structure
The organizational structure of a company is what you frequently see as an organizational chart, also
known as an “org chart.” If you have access to a graphic of an organizational chart (from a drawing
program, or one of the specialized organizational charting software packages available), that works
really well at this point. If not, you can just use the text to describe the organizational structure in
words, without a chart.
Make sure you explain how job descriptions work and how the main company functions are divided
up. Are your organizational lines drawn clearly? Is the authority properly distributed? Do you
have jobs that include responsibility without authority? Do your resources seem in line with your
organizational needs? List Team Members and Their Backgrounds
List the most important members of the management team. Include summaries of their backgrounds
and experience, using them like brief résumés. Describe their functions with the company. Résumés
should be attached to the back of a plan. Discuss Your Management Gaps
You may have obvious gaps in the...
View Full Document