AT THIS STAGE, YOUR COMPANY IS WELL DEFINED, WITH MULTIPLE STAFF HANDLING THEIR DIFFERENT DUTIES UNDER VARIOUS STRUCTURAL DEPARTMENTS WITHIN YOUR COMPANY. THE TRIALS AND ERRORS ARE MOSTLY CORRECTED AND RUNNING SMOOTHLY, AND THE BUSINESS IS NOW SET TO BE MOSTLY FINE-TUNED AND READY TO TURN MAXIMUM PROFITS.
PT. 4 CONTINUED: DEFINED AND RUNNING SMOOTHLYCombining all of the previous phases together, at this stage your company is full functional and ready to rumble! The business owner may be the acting company CEO where he or she is allowed the time to really focus on the business, or the owner could have adapted a more hands-on approach, preferring to work directly with staff (McCubbrey, 2009). In most cases at this stage, the owner has elected senior, mid-level and lower-level management to oversee the business operations (Bassiouny, 2009).By this last phase of organizational structure within a business, the company would have adapted policies, budgets, standardized personnel practices, organization methods (like implementing charts), defined employees' job descriptions and product control protocols (McCubbrey, 2009).
REFERENCESBassiouny, A. (2009). Organizational Structure. Slideshare.net. Retrieved 22 July 2017, from Churchill, N., & Lewis, V. (2010). The Five Stages of Small Business Growth. Harvard Business Review. Retrieved 20 July 2017, from McCubbrey, D. J. (2009). Retrieved July 19, 2017.O'Farrell, R. The Stages of Company Growth. Smallbusiness.chron.com. Retrieved 21 July 2017, from -10202.htmlPhotos In PresentationPhoto 1 by Bøtter, Jacob. Retrieved from Flickr.Photo 2 Retrieved from Forbes.com (-outside-employees-for-your-startup/#5a2961163414) Photo 3 Retrieved from Virtual Bean Counters ()Photo 4 Retrieved from Max Pixel ()Photo 5 Retrieved from -kerja/