A management plan allows everyone in the organization to clearly see their place, including who they report to, who reports to them, and the responsibilities of their position. [2] X Expert Source Madison BoehmBusiness Advisor, Jaxson Maximus Expert Interview. 24 August 2021. Defining roles also creates accountability by making it clear who’s fault it was that something did or did not happen. [3] X Trustworthy Source Kansas University Center for Community Health and Development Community-based research center focused on supporting public health development and education Go to source
A description of management structure. [5] X Expert Source Madison BoehmBusiness Advisor, Jaxson Maximus Expert Interview. 24 August 2021. A section detailing management members and their responsibilities and authorities. A chart of section detailing interactions between and responsibilities of each level of the organization. A section explaining different aspects of your organization being managed and the policies and procedures of that management. A schedule for updating, enhancing, and growing management and the management plan. [6] X Research source
Include a copy of board policies, including election policies, term length, responsibility, authority, and conflict resolution. This information should already be stated in your operating agreement or other founding documents.
List past positions and duties of each member that apply to their current management obligations. Explain how these obligations highlight applicable skills and strengthen the management positions. Highlight all relevant educational backgrounds for each of the managers. Explain how their training will benefit the company. Only include the education that is relevant to the positions that they currently hold. If you are the only employee in your business, be sure to include your own experience and strengths.
Lawyers. Accountants. Insurance brokers. Consultants.
For example, “Our team, with its diverse array of skills, have a combined forty years of experience in this field. With our coordinated democratic structure, they can work together effectively to produce results. With this team, we are confident that our business will become profitable in two years. ”
For example, a policy might be using and selling only green materials and products. The procedures to support that policy might be shopping from approved green vendors or checking the environmental impact of each material or product used.
When they approve, have all owners sign the plan before you submit it to your investors, bank, or fundraising bodies.
Make sure there is a way for all management and employees to submit their feedback regarding the plan. Then, create a method by which changes to the plan can be approved and instituted. [23] X Trustworthy Source Kansas University Center for Community Health and Development Community-based research center focused on supporting public health development and education Go to source
