Answer :
Four fundamental levels are owner/operator, owner/manager, management organization, and leadership organization can be used to summarize the business life cycle.
The company starts to advance to the next level as it expands. Now, the owner/manager starts hiring a select group of experts. This could be the company's first outside salesperson, a full-charge bookkeeper, or a production manager, depending on the particular requirements of the organization. Although the owner remains highly "hands-on," some of the responsibility for operational success is delegated to staff members who are the owner's direct reports. The owner now assumes the managerial role of overseeing their work, their growth, and their development. Now, the owner's capacity to carry out certain staff duties as well as their aptitude for leading, managing, and supervising people will determine whether the business succeeds or fails. A small but significant change.
The management organization is the next level, which frequently results from ongoing growth. Structure, methods, and protocols are gradually implemented. Directors, managers, and vice presidents who are in charge of the business's sales, marketing, finances, production, and other functions create and oversee functional departments. Here, the owner's responsibilities drastically change. Their title, which changes from "owner" to "president" or "CEO," reflects this as well. Staff labor is no longer practical or even required. Instead, he or she needs to be skilled at bringing together a group of experts to form a cohesive management team.
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