F0092 Designing the Organization Figure 93 Stages in Organizational Design The

F0092 designing the organization figure 93 stages in

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F0092 Designing the Organization Figure 9.3 Stages in Organizational Design The Organizational Plan * Property of STI Page 6 of 8
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F0092 Building the Management Team and a Successful Organization Culture 1. The entrepreneur's desired culture must match the business strategy outlined in the business plan 2. The leader(s) of the organization must lead and be role models for their employees 3. The entrepreneurs should be flexible enough to try different things The Organizational Plan * Property of STI Page 7 of 8 4. It is necessary to spend extra time in the hiring process 5. The entrepreneur needs to remember that it is easier to change a person's behavior than to change the person's attitude.
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F0092 The Role of the Board of Directors Functions: 1. Reviewing operating and capital budgets. 2. Developing longer-term strategic plans for growth and expansion. 3. Supporting day-to-day activities. 4. Resolving conflicts among owners or shareholders. The Organizational Plan * Property of STI Page 8 of 8 5. Ensuring the proper use of assets. 6. Developing a network of information sources for the entrepreneurs.
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