Irrespective of the size of your business, strategy and planning are essential elements of your corporate growth plan. As your business advances, it will move through three levels of organizational growth. Some aim for level four; few achieve this.
Consider the four levels of organizational growth:
Level 1: The Owner/Operator
Here, the owner wears many hats and is most likely the best, most accomplished person in all areas of responsibility. They better be as there is no one else to turn to in these early days of the business. Production, sales, finance, HR, and just about whatever else needs doing falls to the owner/operator. While their unique strengths may lie in one or more of these areas, given the size and scope of the organization, the owner/operator is deeply involved in all of them as required.
Level 2: The Owner/Manager
As the enterprise grows, the owner begins to add competent professional managers. Maybe someone to oversee sales, production or finance. These managers are given a certain level of latitude in decision making responsibility and authority freeing the owner up to focus on other business issues. Here, the owner begins to focus on areas that are more aligned with their natural strengths and interests.
Read the rest of this story on Printing Impressions.
