When we ask ourselves who within an organization has authority in a certain area of the company’s operations, we tend to automatically want to check the organization chart. That’s not a bad thing. Organizations all rely to some extent on the concepts of hierarchy, authority, accountability and decision rights. Organization charts help to communicate responsibilities and accountabilities for business activities and functions.
Doug Tatum, Chairman of Newport Board Group, will be a featured speaker at an important event for entrepreneurs from 12:30-5pm EST on November 12th at Blair Conference Center at 9079 S. Leroy Road in Westfield Center, OH. The event is co-sponsored by Westfield Bank and Dorman Legacy Advisors.
Newport Board Group Southern California Managing Director Richard Munro recently appeared on Exit Coach Radio.com, a show hosted by Bill Black that targets baby boomer business owners who are interested in exiting their business in the next 3-10 years.
Newport Board Group partner Jennifer Knight and the company she is President/COO of, American Woolen Company, are featured in a recently released video piece produced by Starbucks Coffee.
At first glance, what could be more different than General Motors and the emerging growth and lower middle market companies that our firm, Newport Board Group, serves?
In earlier blog articles I have looked at issues confronting earlier stage and middle market companies as they traverse what Doug Tatum, our firm’s Chairman, called in his book of the same name: “No Man’s Land.” This is the phase of corporate evolution in which companies are too big to be small and too small to be big.
In several recent blog articles, I explained the distinctive advantages of the franchise business model. Entrepreneurs who have developed a localized, replicable business model should understand the option to franchise their business—especially because franchising has moved well beyond its traditional footprint in fast food, car repair etc. into a broader range of service businesses.
Middle-market companies often operate as small fiefdoms under the control of the king, or to use a business term, the CEO. Very few mid-sized companies have a formal board of directors and for those that do have boards, CEOs tend to populate them with family, friends, and internal management.
For many years companies have financed significant portions of their operations by leasing buildings, machinery, manufacturing equipment, trucks, railcars, office space, office equipment – desks, chairs, computers, copiers, etc.
Newport Board Group partner Art Medici was recently interviewed on two business radio shows about leadership lessons he has learned in the course of his career as an executive and entrepreneur.
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