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Christopher Linton says in addition to having an effective organizational structure in place, entrepreneurs must also create a reliable management system to ensure that all decisions are made with consideration given to both short-term objectives as well as long-term goals.
Although organizational and management structures are beneficial, they may need to be changed or modified over time.
What does a reliable management system need?
To create an effective management system, you need to include the following activities to happen:
Projects
- Setting deadlines for projects or tasks
- Tracking progress toward those deadlines
- Providing feedback and rewarding successes
- Addressing issues quickly
Human Resources
- Setting clear expectations
- Communicating openly and often with employees
- Providing training when needed
- Delegating authority appropriately
- Holding staff accountable for their actions
The management system also enables entrepreneurs to make better decisions by providing them with relevant information about their businesses’ progress towards achieving goals set out at the beginning of each year or quarter etc. Entrepreneurs can then use this data when setting new goals or reevaluating existing strategies to make necessary adjustments.
Why Are These Structures Important?
Christopher Linton says organizational and management structures are essential to any successful business. They clarify operations, define roles and responsibilities, create efficient decision-making processes, maximize results, and empower employees to do their jobs successfully.
These structures also help entrepreneurs understand how their companies work internally and make better decisions when necessary. By setting up an effective organizational and management system, entrepreneurs can ensure that their businesses are well-positioned for growth and success.
