Three key components of small business structure
The Business Journals | March 02, 2020
Motivational coach John Wooden once commented, “I worry that business leaders are more interested in material gain than they are in having the patience to build up a strong organization, and a strong organization starts with caring for their people.” I would further argue that leaders should take steps to design their organizations with their people’s needs in mind. If you Google “organizational structure,” you will get 20 different ways to structure a business, ranging from tax planning to organizational charts. For the purpose of this article, I will define an organizational structure as the operating system of any given business. The operating system defines process and procedure within the business.