In any company or organization, the quality of the management team has a great deal to do with the outcome. An entrepreneur with a great business idea still can't do it alone - he or she must build a team of individuals with complementary skills and experiences to ensure the ultimate success of the venture. As Peter Drucker once observed: "If one or two people at the top believe that...
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In any company or organization, the quality of the management team has a great deal to do with the outcome. An entrepreneur with a great business idea still can't do it alone - he or she must build a team of individuals with complementary skills and experiences to ensure the ultimate success of the venture. As Peter Drucker once observed: "If one or two people at the top believe that they, and they alone, must do everything, then a management crisis becomes inevitable"
Building an organization and a team is one of the most critical tasks facing the entrepreneurial manager - and involves a great deal more than hiring people who appear to be qualified and assuming they can do the job. Because the demands and pressures on an organization change significantly as the organization grows, careful planning and flexibility are required to ensure that staffing and structure are appropriately aligned with the strategy and the needs of the business.