Leadership in Business – The importance of second tier and third tier management.
The idea is that the entrepreneur can be removed at any time and the company continues to grow independent of the entrepreneur as the correct structures and processes have been put in place. Most specifically, the correct human capital will remain working within the organisation.
Human capital thinks independently, understands the vision of the entrepreneur and implements that vision of the entrepreneur on a daily basis, ultimately expanding the organisation in their field of expertise. We have got to the point now, in our medium size company, that our HODs have each been given the mandates: they each know what they can do and what their budgets are.
More importantly they know how to utilise and apply the creativity and vision of the company to their independent area, to grow the company through their individual efforts.