Forming a Cohesive Team

Entrepreneurs do not have an experienced, professional, and cohesive senior leadership team when they start and grow their companies. In order to expand their company and be successful in the long term, Entrepreneurs must build a capable, cohesive leadership team.

An optimal blend of in-house, on-the-job trained leaders complemented by key, experienced outside professionals (hired over a period), provide the Entrepreneurs the most cost-effective team. Identifying in-house managers and training them to be leaders should be the Entrepreneur’s focus once day-to-day operations have been delegated. Assessing the gaps in leadership, determining the management needs and recruiting appropriate outside leaders follows in the process.

Having a leadership team in place is not sufficient. Entrepreneurs continually need to develop teamwork and cohesion to make the executives more effective for the long term. Entrepreneurs should find ways to train, motivate and reward the leadership team in a way that facilitates a group that can successfully grow the company, and allow the Founder/Entrepreneur to pursue other ventures.

Ravi Patel

http://www.patelCFOservices.com

Advertisements
Published in: on December 13, 2016 at 4:02 am  Leave a Comment  
Tags: , , ,

The URI to TrackBack this entry is: https://bloggerravi.wordpress.com/2016/12/13/forming-a-cohesive-team/trackback/

RSS feed for comments on this post.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: