Effective and disciplined governance also means creating a robust and efficient leadership team.
An Integrated Business will have a Leadership Team with a minimum of three people. The Team could include the Director of each business unit (for example, if a business does service and contracting, it would have a separate Director for both), the people and culture person, the finance person (ie: the CFO or controller), and potentially key front-line managers (ie: the service manager for service, the superintendent for contracting).
Good leaders are always thinking about how, when, and what they are communicating with their team members.
Installing a strong leadership team will ensure that goals are met and strategies are executed upon even if the owner can’t be there all of the time. In an Integrated Business, the leadership team has a set communication cadence around cash, people, strategy, and execution.
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