3 ms·
I think you are asking about a diversified business? well, though its not mine, I'm a integral part of one, where we have 8 different streams. 1- Tender Procu
by rikacomet 14y ago
I think you are asking about a diversified business?
well, though its not mine, I'm a integral part of one, where we have 8 different streams.
1- Tender Procurement business for Airtel/Aircel.
2. Coaching Institute
3. Software Arm
etc etc.
well the biggest problem we solved recently was the heirarchy, my friend who actually owns all of them, was having lot of problems, everything was taking too much time, we got into the root of the problem, and it was because he had appointed only 1 business head for each of his firms, so whenever that particular person was having trouble, that arm was getting hurt, and taking more time out of my friend.
solution to this was a 2+1 system, where the current business head will now share power with one of the senior employees of that arm, designated as Chief Technical Officer and my friend will only help out when both of them can't handle a certain situation, the 2 guys will run the business, and my friend the actual owner would only be a silent supervisor. With time, as the business would grow, there would be additions on both sides of the equation 2+1+1....|1+1+1...
and according to need we will adjust. That is perhaps what I can best use to answer what you seek.