Over the past few weeks I have created several posts about the role of the Board of Directors within business. I trust the Labour cartoon from 1911 depicting how they viewed business hierarchy is not so applicable to your business.
The diagram me below, is a neat way of visualising the roles and responsibilities of different levels within a business hierarchy;
In a quick summary format this succinctly describes the functions and responsibilities of the different levels of management within an organization. Such an arrangement works when each level both does their own role well, and understands the roles of those above and below them in the hierarchy.
It also highlights the need for consistent communication within the organization to ensure all levels understand the business environment that governs the overall company strategy, and what this strategy is.
Such operational alignment sets aside successful form unsuccessful companies.