4 Major Business Structures in Nigeria

IPCAREER JOB UPDATES

Drop your best emails address in the box below to receive daily Job Updates in your inbox winks

Join 6,652 other subscribers

Major Business Structure in Nigeria 

Many entrepreneurs start a business without any knowledge of the organizational structure of a healthy business!

This is one of the major reasons almost 80% of businesses fail within the first four years.

Major Business Structures in Nigeria

The Basics of Business Structure … entrepreneur.com

Read also, Tips to Start e2 Young Engineers

Training Business in Nigeria

Major Business Structure in Nigeria

1. Basic Organizational Structure:

No matter how big or small a business,

A basic organizational structure has to be in place to give the business direction.

The founder of an organization or the person in charge has to structure his.

Or her business in a way so that it can function smoothly and flawlessly.

The first step to ensuring this state is creating a basic organizing board.

Which clearly states the functions of each section, department, and the people who run it.

This means that there has to be a comprehensive command channel for each executive,

Manager and employee to follow, thus ensuring sanity and smooth operational flow between each terminal.

By terminal is meant any post or posts a person is holding.

Major Business Structure in Nigeria

2. Visibility:

The best way to accomplish this task is to have a visible.

And easy to follow flow chart in between sections,

Departments and terminals that are paid to fulfill their responsibilities.

It is important that the name and post of each staff member is clearly and appropriately indicated on this chart.

See also; Top 50 Family Business for Next

Generation in Nigeria

Major Business Structure in Nigeria

3. Terminal:

Terminals are not to cross over one another in a nonsensical manner!

Another words the communication between each terminal has to be conducted in an orderly manner,

Usually from top to bottom or bottom to top without crossing over to different departments.

Or posts if those departments or posts are not within the command channel.

Major Business Structure in Nigeria

The best way for different departments to communicate to each other is by department heads.

Or if communication has to take place between departments on a lower level in the chain of command.

It has to be with the consent of the managers

Or department heads so there is no unintentional miscommunication and disruption in the flow of the operation.

This is not to create a dictatorship, but to create a sane environment where particles

And communications can flow flawlessly without any confusion.

Major Business Structure in Nigeria

4. Division:

To further accomplish this ideal scene, it would be best to divide the business into two major divisions,

The division of communication and the division of organization.

The division of communication would consist of executives,

Communications and dissemination and the division of organization would consist of income

And disbursement, production and quality control and department of image and public information.

Major Business Structures in Nigeria

Obviously, the functions of each department within each division has to be broken down properly

And hatting for each post has to be provided through thorough training and gained experience.

This system brings about stability for the business and good morale for the staff as long as they are recognized.

Read also, 50 Tips for Less Expends in Business

Major Business Structure in Nigeria

Remember, even if you do not know all the details

And proper functionality of each section of your business correctly,

By preparing a basic organizing board in the above format you will provide.

A road map to gradually fill in the details and assign posts correctly

And train each employee accordingly to perform his

Or her responsibility in an orderly fashion.

Major Business Structures in Nigeria

Learn how to organize your business by seeking consultation at [http://ClearLifeSuccess.com].

To ensure you sustain a successful business and maintain good morale among your employees, organize!

Follow BusinessHAB also to learn more about business strategies, ideas, and opportunities.

The post 4 Major Business Structures in Nigeria appeared first on BusinessHAB.

Be the first to comment

Leave a Reply

Your email address will not be published.


*