| “It
was relatively easy getting the business this far but now life
is much more complicated –we need better direction and better
decisions”
“We operate
too informally around here, myself included – we need run
this business more professionally”
“We now have
a great product – a real winner, we need to exploit this
to its fullest potential and not waste it!”
“ We are
good at selling but not so good at managing”
We now follow a defined
strategy, structure and direction”
“We now
have regular review meetings”
“We have substantially
improved the quality of our major decision making”
“I now
have someone who understands both me and the business and whose
commercial views I respect and listen to”.
|
The role of the MD / Owner is often isolated
and a strong relationship with a chairman provides a “sounding
board” to test and debate new thinking and to air concerns
and worries that cannot be shared with others in the executive
team.
|
| The
MD / Chairman relationship is both complementary and dynamic with
both parties having clarity on their involvement, accountability
and remit.
The Chairman Service - can have a major impact on a small business
by injecting relevant skills and experience:
1. It can create a new direction, sense
of purpose and momentum
2. It can introduce new ideas, new perspectives,
fresh objectivity, new skills and improve decision making
3 It can force the organisation
to focus and prioritise
|
A chairman can help secure your businesses
success by:
- Creating a strategic framework, goals and
key objectives
- Implementing a business planning process
- Conducting trading and people performance
reviews & development discussions
- Introducing budgeting & financial review
processes
- Developing the key people and instilling
the right culture
- Establishing leadership and management
processes
- Chairing and disciplining more formalised
management meetings
Successful engagements require there to be a well developed relationship
of mutual respect and regular contact between the Chairman and
MD that allows for full debate of issues. |
