In the last article, you got an overview of the ten key Management Blueprints. If you have pre-ordered Buyable you will learn everything there is to know about these. If you have no time to wait for the book to come out, read the short summary below.
In their essence, Management Blueprints combine the Seven Management Concepts. Remember those? Each Blueprint will include some or all of those concepts, to varying degrees.
Understanding how the Seven Management Concepts come together to form various Management Blueprints will help you steer your business for greater success. Let’s jump right in!
How to Set Up the Foundation of Your Business
“You can’t build a great building on a weak foundation. You must have a solid foundation if you are going to have a strong superstructure.” – Gordon B. Hinckley
Culture and structure are key elements of your foundation. The right organizational structure allows you to focus your resources on the critical functions and deliverables of your business. Building a talent-attracting and retaining culture will ensure that you will have the right people to implement your vision.
When it comes to culture, you need to define the core values that drive the behavior of your people and hold yourself and others accountable for living them.
And when we talk about structure, you’ll see that most entrepreneurial companies evolve organically around the skills of early employees and seek to replace vacant functions with similarly skilled successors—but that can be a mistake because your business may require different functions and/or skills to get to the next level.
Today I want to list some of the key elements of management concepts such as culture and structure, but for more detailed reading, I invite you to order my book Buyable.
Discovering Your Core Values
Your business’s core values are the organization’s guiding principles that have helped your company come this far.
Whatever your core values are, they represent your business’s identity. By discovering and amplifying these values, you can attract the right kind of people to your organization.
Building a Healthy Organization
As you grow your business, you must work on building trust at all levels. You need people on your leadership team to openly address issues and challenges instead of politicking in the corridors of your organization.
Watch for Emerging Bottlenecks
Pay attention to emerging bottlenecks by rethinking the business’s organization regularly, anticipating needs to delegate, and consequently promote and hire the right people for your organization.
The best thing you can do for your business is to design your ideal structure 6 to 12
months ahead and focus on transitioning to the new setup by the time you need it. This requires preparation and training incoming leaders, but the reward is organizational growth.