Today was a big thinking day. My mind has been singly tasked occupied on the org structure – execution – team setup.
As a segway, I looked up today the ‘functions’ of a CEO. Here is a quote
What is the CEO’s main duty? Setting strategy and vision. The senior management team can help develop strategy. Investors can approve a business plan. But the CEO ultimately sets the direction. Which markets will the company enter? Against which competitors? With what product lines? How will the company differentiate itself? The CEO decides, sets budgets, forms partnerships, and hires a team to steer the company accordingly.
The CEOs second duty is building culture. Work gets done through people, and people are profoundly affected by culture. A lousy
place to work can drive away
So, onto today. From 11AM till about 4PM, Gerry and I sat in the café, and discussed and debated and brainstormed the execution and team structure.
So, two mindmaps later, we came up with a tentative schedule and organizational plan. Identified hiring needs, reporting structure and rough boundaries on responsibilities. I say tentative because on Monday I plan to discuss it at length with the Senior Management Team – and get everyone’s comments – then move into the Team Leaders and discuss with them.
So, the work product looks like this:
Than then via mindmap came out to the below shown org chart.
Through this – I have identified gaps in the organization, opportunities and risk mitigation strategy. Will write more on that tomorrow.
Rounded off the day putting together a term sheet, eating some great Indian food and have a nice easy evening.