Management Framework

Entrepreneurship is management. Business owners need to have a handle on every aspect of their business. Understanding the 360 framework through which a business can be understood, assessed and managed is crucial for business development. We will help you to do a full 360 assessment of your business and walk you through an action plan that will, simplify decision-making, facilitate performance measurement and empower your workforce.

What is the Management Framework?

The management framework provides a perspective through which entrepreneurs can view and assess their entire business and is comprised of several elements each representing a critical component of the business.

Here are 7 elements to consider when reviewing your Management Framework:

• Offering:

  Ensure you’re matching customers’ needs and preferences with profitable delivery of your goods and services. This requires full understanding of your value proposition, the relative importance of features and benefits to the customer, the delivery costs, competitive pricing and promotions, distribution costs.

• Target Market:

  As part of your target market analysis, penetration, profitability and life-time value of the customer must be considered as they represent the ultimate consumer of your goods and products.

• Distribution Channels:

  You should consider the efficiency and effectiveness of various distribution channels and individual entities within each channel as part of your distribution channel analysis.

• Organization:

  Assess the structure, roles and scope of the departments, divisions, functions that make up your business.

• Environment:

  To ensure that you implement the correct strategy you will be required to understand the key components of the competitive environment.

• People and Capabilities:

  Implement a structured system of communication, management tools, accountability and collaboration that fosters alignment and engagement among employees.

• Financial Structure:

  Understand the mix of debt and equity that you need to finance operations and growth

Understanding the Management Framework will help you to:

• Assess the value of your business concept
• Carry out strategic planning
• Develop governance structures
• Establish a strong organization
• Properly allocate resources needed to achieve your goals

In any business environment, change should happen. It shows you're committed to the kind of growth and evolution it takes to stay modern, relevant, and competitive.

Here is our simple 4-step process for understanding the management framework: