How To Create The Right Management Team

23/04/2012

By Modwenna Rees-Mogg, Founder And CEO Of Pitching for Management And Angel News.

Creating the right management team is imperative to any company, whether they’re a multinational or a startup. In order for your business to thrive, you need to create the right management team who will support, build and maintain the growth of the business.

All too often start-up companies bite off more than they can chew. You can have the idea, business plan and investment, but without the right management team you are more susceptible to committing amateurish mistakes. Although it’s natural to want to do all the work...

...on your own terms, you can end up overstretching yourself and increasing your workload.

Finding the right mix of management is vital, but is also completely dependent on the culture of your company. Some companies prefer to hire management who have ‘the right skills’ and others prefer to hire ‘the right personality’ – neither is wrong, but the choice does require careful consideration. The following tips will help you in your search for the right management team, and explain the key management areas where you will most likely need expertise.

The C-suite

You’ve taken onboard where your business needs further management, and are now reading to start hiring your team: but where do they fit in?

CEO (Chief Executive Officer)

The CEO is responsible for the smooth running of the company, and is ultimately responsible for any failings too. A CEO will determine your company’s strategy and ensure it is moving in the right direction at all times. Every company needs a CEO to drive the business forward. The CEO will hire the best and fire the rest (if they’re doing their job well, that is).

If things go as you hope, your CEO will be plastered on the front... continued on page two >

 

 

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