Level 5: Forming a working team
Posted: Mon Jan 20, 2025 4:16 am
Any CEO may have quite a few weaknesses and shortcomings, but it is unlikely that this will have a fatal impact on the functioning of the business as a whole. But if the manager does a poor job of recruiting qualified personnel for the company, you can forget about its prosperity.
One of the main tasks of the CEO is to form a working team - a team consisting of motivated and goal-oriented professionals who are ready to invest in the development of a common cause.
Level Six: Formalization of Business Processes at the Enterprise
As the company grows, so how does cash app work does the number of its employees. At this stage, many companies begin to experience so-called growing pains. At this level, the CEO's target task becomes debugging business processes in the organization. To do this, it is necessary to clearly and effectively distribute job responsibilities, define KPIs for each individual position and for all areas of the company's activities - in a word, it is necessary to formalize all work operations at the enterprise.
Level Seven: Optimization of the Company's Organizational Structure
Business growth and expansion also involves debugging the organizational structure of the enterprise. To optimize business processes and the work activities of the staff, it is necessary to create a clear scheme of interaction between departments and determine the hierarchy in it: all departments and divisions of the company must understand what this or that business area is responsible for and to whom it reports.
Optimization of the organizational structure of the company
Level Eight: Finding Investment Opportunities
Resources are needed to develop and expand a business. In most cases, these are external investments in developing and improving the product, as well as in finding scalable marketing tools. Of course, a company can grow by reinvesting its own net profit, but in practice this is a rare case. The fact is that for many low-margin entrepreneurial areas, the situation is when the company's income increases only with the expansion of the scale of operations and sales of products. Statistics show that organizations with an effectively formed business model have greater potential for expansion than firms based only on their own financial resources.
The primary function of the CEO at this level is to seek out opportunities to attract outside investment into the company and to build strong, sustainable relationships with investors.
Level Nine: Developing a Business Strategy
One of the main tasks of the CEO is to form a working team - a team consisting of motivated and goal-oriented professionals who are ready to invest in the development of a common cause.
Level Six: Formalization of Business Processes at the Enterprise
As the company grows, so how does cash app work does the number of its employees. At this stage, many companies begin to experience so-called growing pains. At this level, the CEO's target task becomes debugging business processes in the organization. To do this, it is necessary to clearly and effectively distribute job responsibilities, define KPIs for each individual position and for all areas of the company's activities - in a word, it is necessary to formalize all work operations at the enterprise.
Level Seven: Optimization of the Company's Organizational Structure
Business growth and expansion also involves debugging the organizational structure of the enterprise. To optimize business processes and the work activities of the staff, it is necessary to create a clear scheme of interaction between departments and determine the hierarchy in it: all departments and divisions of the company must understand what this or that business area is responsible for and to whom it reports.
Optimization of the organizational structure of the company
Level Eight: Finding Investment Opportunities
Resources are needed to develop and expand a business. In most cases, these are external investments in developing and improving the product, as well as in finding scalable marketing tools. Of course, a company can grow by reinvesting its own net profit, but in practice this is a rare case. The fact is that for many low-margin entrepreneurial areas, the situation is when the company's income increases only with the expansion of the scale of operations and sales of products. Statistics show that organizations with an effectively formed business model have greater potential for expansion than firms based only on their own financial resources.
The primary function of the CEO at this level is to seek out opportunities to attract outside investment into the company and to build strong, sustainable relationships with investors.
Level Nine: Developing a Business Strategy