Wk 7 Forum- Business Statement and Mgmt Plan Assignment

Wk 7 Forum- Business Statement and Mgmt Plan - Assignment Example The company president responsible for the day to day running of the company directs business strategy and reports directly to the board. The various vice presidents and heads of departments directly supervise business activities in the various departments and units to ensure compliance to the long-term goals and vision. The key functions of personnel management, procurement, business activities, relations to the community and entire world are charged on the heads of departments who through the directors eventually report to the board. We prefer a collaborative style of management in which everyone participates and contributes to major decisions as well as those affecting them directly. Every person has the required authority to carry out their responsibilities and perform their work effectively. This way everyone feels appreciated as part of the company; has freedom to be creative and innovative and pressure comes from competition by peers to perform