In: Finance
Management & Organization for your Grapefruit Product Private Limited Company. 1) Create a management plan for your company: List the key members of your management team, with a brief description of each person’s relevant business background, responsibilities they have in your company, and the compensation they receive. • Key Management and Employees: • Board Members and Advisors: • Management Structure and Style 2) Management Hierarchy • Using the flow chart, outline your Grapefruit Product Private Limited Company’s management hierarchy. • You must include a chart or a diagram. 3) You must provide the justification for the management structure and style incorporating functional-level strategies.
The company's top management would consist of the CEO to whom COO, CMO, CFO and HR head will report. The CEO would be required to give the direction to the company and keeping a close tap on the numbers coming from his reportees. The COO will be responsible for maintaining the efficiency and operations of the company, he will have an additional duty of keeping the quality under check. He will be responsible to make the company ready for changes in demand. The CMO will be responsible for the pricing of products along with their positioning and distribution channels. The CFO will be in charge of fundraising and asset liability management. HR will keep the workforce intact along with the compensation strategy.
Each of these will have their team and everyone will report to the CEO. There would be a couple of mentors and consultants helping the CEO to build and improve upon his vision of the company.
So the company Hierarchy is like
CEO <-- CFO,CMO,COO,HR head <--- everyone will have his individual team