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Cal Poly Pomona MHR 423 - Ownership, The Management Team, Organization, & Staffing Plan

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Ownership, The Management Team, Organization, & Staffing PlanOwnershipManagement TeamManagement Team (cont.)Organization ChartsStaffing PlanOptional AdditionsAny Questions?Ownership, The Management Team, Organization, & Staffing PlanDr. Stan AbrahamDr. Stan AbrahamMHR 423MHR 423Spring 2005Spring 2005OwnershipWho owns the company?Who owns the company?Typically, the founding entrepreneur, 100%Typically, the founding entrepreneur, 100%Or the founding team, in equal partsOr the founding team, in equal partsSay, four people, 25% eachSay, four people, 25% eachOr the founding team, Or the founding team, unequallyunequally•CEO—50%, VP R&D—30%, VP Mktg—20%CEO—50%, VP R&D—30%, VP Mktg—20%State the ownership at the time of writing State the ownership at the time of writing the business planthe business planManagement TeamTypically, the founding owners also manage the Typically, the founding owners also manage the companycompanyDefine the roles that each person will playDefine the roles that each person will playBasic roles are marketing, operations, and financeBasic roles are marketing, operations, and financeIf it’s a high-tech company, R&D becomes criticalIf it’s a high-tech company, R&D becomes criticalSomeone has to be CEO or presidentSomeone has to be CEO or presidentOne or more people may play multiple rolesOne or more people may play multiple rolesGive thumbnail sketches of each person, emphasizing Give thumbnail sketches of each person, emphasizing relevant experiencerelevant experienceGive full resumes in an appendixGive full resumes in an appendixComment on how long this team has worked togetherComment on how long this team has worked togetherManagement Team (cont.)If some key positions are not filled yetIf some key positions are not filled yetAt least identify the person who will fill itAt least identify the person who will fill it•Say roughly when that person will join the firmSay roughly when that person will join the firmLeaving it unfilled and unidentified is bad, though Leaving it unfilled and unidentified is bad, though sometimes unavoidablesometimes unavoidableFutureFuture management positions can be management positions can be identified in the staffing plan (next)identified in the staffing plan (next)Organization ChartsExcept for very simple organization charts, Except for very simple organization charts, provide one for the inception of the businessprovide one for the inception of the businessAlso provide one you think will apply at the end Also provide one you think will apply at the end of two yearsof two yearsIt will show how you intend to grow the companyIt will show how you intend to grow the companyIt will highlight changing management responsibilitiesIt will highlight changing management responsibilities•For example, one owner could be acting CFO for the first year For example, one owner could be acting CFO for the first year until a real CFO is hired in Year 2until a real CFO is hired in Year 2Discuss briefly the two charts and how the Discuss briefly the two charts and how the company will be runcompany will be runStaffing PlanAt various points in the early life of the new At various points in the early life of the new business, people (managers and employees) business, people (managers and employees) will be hiredwill be hiredWhat types of peopleWhat types of people and and whenwhen form the form the basis of the staffing planbasis of the staffing planDo a staffing plan only if number of hires are Do a staffing plan only if number of hires are appreciable over the next two yearsappreciable over the next two yearsBy combining it with salaries and/or wages, it forms By combining it with salaries and/or wages, it forms the “salaries” line in the financial projectionsthe “salaries” line in the financial projectionsOptional AdditionsValues StatementValues StatementPhilosophy of doing businessPhilosophy of doing businessCompany cultureCompany cultureThe key things you look for in new hires to know The key things you look for in new hires to know they will fit in with the culturethey will fit in with the cultureAny


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