"Is Your Organizational Chart Rotting Your Business from the Inside Out?"
To help businesses save money and operate more efficiently, entrepreneurs must learn to adjust their organizational chart. It's like making a hamburger - the management is in the middle, but if it's rotten due to various reasons, the entire business suffers.
Have you analyzed the cost of management lately? Have you calculated the per-minute cost of management? The truth is, management often spends too much time adhering to rules, like at a fast-food chain, where innovation is not encouraged in order to meet objectives.
The traditional top-down management hierarchy has led management to focus only on internal operations, leading to a situation where the entire management team spends 100% of their time solving internal operational issues. This accounts for approximately 25% of a company's total workforce cost on average.
This lack of focus on external
factors and competition is the primary reason many companies fail to stay
competitive and eventually go bankrupt. In this blog post, we will explore the
reasons why the top-down approach is no longer effective, and provide
strategies for entrepreneurs to adjust their organizational chart to operate
more efficiently and effectively in today's business world.
Labels: Management
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