Page 13 - BUILDING BETTER BUSINESSES, FOR A BETTER ECONOMY -( David White - DRG )

2. The Business Structure

The Business structure supports the purpose of the
organisation and encompasses the following broad
action areas:

ƒ Defining the organisation's specific target market
ƒ Meeting or exceeding customer satisfaction levels
ƒ Ensuring a solid and intergrated functional area
foundation for the business

ƒ Ensuring financial measures, hurdle rates, and
shareholder/funder values are clear and considered

ƒ Ensuring operational efficiencies
ƒ Engagement, staffing and capacity development

ƒ Licensing and legal requirements
ƒ Reporting and compliance
ƒ Sustainability as specific and desired outcome of
doing business
ƒ Meeting all stakeholder expectations

ƒ Considering the organisations' effect on the
environment and on humanity

ƒ Maintaining effective and ethical governance standards

The aim in identifying each of the components of successful
organisations, is to help entrepreneurs, business leaders
and their teams to better understand all that is involved in
managing a business, and to give focus to different business
needs as the organisation grows and develops.

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