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Bottleneck-oriented Business Management
Article Title: Bottleneck-oriented Business Management Author: Stephan SzugatWord Count: 1,176Article URL: http://www.abenetis.com/encyclopedia.htmlFormat: 65 Characters per Line ------------------ ARTICLE START ------------------Bottleneck-oriented ...
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The Management Team section should include biographies of key team members and detail their responsibilities. It is important that these biographies are not merely resumes that include the educational backgrounds and previous job titles and responsibilities of the team members. Rather, biographies should highlight the most relevant past positions that the individuals have held and specific successes in each. These successes could include launching and growing new businesses or managing divisions of established companies.
Team member biographies should be tailored to the company's growth stage. For instance, a start-up company should emphasize its management's success launching and growing companies. A more mature company should emphasize how team members have successfully operated within the framework of larger enterprises.
Depending upon the stage of the company, key functional areas may be missing from the team. This is acceptable provided that the plan clearly defines the roles that these individuals will play and identifies the key characteristics of the individuals that will be hired.
However, it is generally not favorable if personnel are missing for ultra-critical roles. For example, a plan that is fundamentally a marketing play should not seek financing without a stellar marketing team.
The Management Team section should also include biographies of the company's Advisory Board and/or Board of Directors. While having well-known advisors/board members adds credibility to the business plan, it is highly effective to explain how these advisors will directly impact the company through strategic advice and/or providing conduits to key clients, partners, suppliers, etc.
In summary, the Management Team section of the business plan is an opportunity to prove to investors that your company has the necessary talent to succeed. Rather than waste this opportunity by merely showing employee resumes, which could be included in the Appendix, the section should be used to explain precisely how the team is uniquely qualified to execute the venture in its present state. Growthink Business Plans has developed over 200 business plans for clients that have collectively raised over $750 million in financing, launched numerous new product and service lines and gained competitive advantage and market share. Growthink Business Plans is the sister site of GT Venture Capital.
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BLM rejects permit for methane bacteria projectCBS NewsFederal land managers have rejected an application by a Colorado company to use bacteria to produce methane from northeast Wyoming coal beds. Luca Technologies Inc. wants to use a process called methane farming in which water and chemicals are injected ...and more » |
New York Times (blog) |
Management Buyouts Can Be Too CozyNew York Times (blog)That seems to be the case with the board of Venoco, a California oil company that is the subject of a proposed $770 million management buyout. On Jan. 16, the Venoco board of directors agreed to let the company be acquired by its chairman and chief ... |
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