Difference between revisions of "Team:UCL/Entrepreneurship2"
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− | < | + | <p>When it comes to small companies and startups, the organizational structure has to be designed to be the most |
− | + | efficient way for the company to achieve its goals and objectives. </p> | |
− | < | + | <p>Since our company has a long term plan of several parallel projects, we decided for a matrix structure where all |
− | <img src="https://static.igem.org/mediawiki/2015/8/85/UCL_Screenshot_2015-08-06_at_15.26.47.png" style="width: 259px; height: 54px;"></li> | + | can be worked on in a parallel way, without getting the streams of communication to interfere with each other. </p> |
− | < | + | <img src="https://static.igem.org/mediawiki/2015/8/85/UCL_Screenshot_2015-08-06_at_15.26.47.png" style="width: 259px; height: 54px;"></li> |
− | < | + | <h3>Functional Management</h3> |
− | < | + | <p>We decided to give our management a functional structure, centered in job functions and departments, in blue. |
− | < | + | These will be overseen by the C’s suite. They will all report to the board of directors thus centralizing the |
− | < | + | decision making, which is essential in startups.</p> |
− | < | + | <p>Functional structures are specifically designed to work in heavily project- focused companies, like ours. |
− | < | + | Directors will assign each of the projects to a manager, who will coordinate the whole development, getting |
+ | support from each department in each aspect of the project development. This allows each project manager to be | ||
+ | specialized in their stream and effectively meet deadlines, thus ensuring a more rapid business development, | ||
+ | essential in the ever-changing conditions of the current market.</p> | ||
+ | |||
+ | <h3>Matrix Organisation</h3> | ||
+ | <p>We specifically selected the matrix model because we consider that it’s the one that best allows the horizontal | ||
+ | flow of skills and information, which, is essential in such a multidisciplinary endeavor. </p> | ||
+ | <p>It is common in the development phases, as it allows for large projects to move forward in a more | ||
+ | organized way, since it allows employees to specialize in a project and apply their expertise in a particular | ||
+ | field, without being removed from their department in question.</p> | ||
+ | <p>The project manager’s authority flows horizontally across departmental boundaries, but is always subjected | ||
+ | to the board of directors.</p> | ||
+ | <h3>Leadership</h3> | ||
+ | <p>In terms of leadership we have advocated for a Collaborative Leadership model, which encourages equal | ||
+ | participation across all levels, therefore giving the project managers the most responsibility on the decision | ||
+ | making and problem solving, almost at a CEO level.</p> | ||
+ | <p>This would imply open information sharing across the company, as every department as to be on the same | ||
+ | page about each project, thus ensuring optimum efficiency in interdepartmental collaborations. This cross | ||
+ | departmental participation allows more creative approaches to problem solving, and idea generation, speeding | ||
+ | up once more business development.</p> | ||
+ | <p> Resource allocation will be managed by the board of directors. Team leaders will request these proactively | ||
+ | and provide them to their teams, for which a fluent communication is key. This ensures a fast project advance | ||
+ | as the employees have all resources available to do their jobs efficiently.</p> | ||
+ | <p>This type of structure places more responsibility on each team member, which makes them more involved in the | ||
+ | process, and makes issues being dealt with swiftly. The fact that leaders and team members are valued equally | ||
+ | creates a better working environment and a better flow of feedback, which allows the team to be in a constant | ||
+ | state of improvement; and employees to constantly acquire new knowledge and experience. This is essential to | ||
+ | respond to the challenging and highly competitive environment that current market poses. </p> | ||
+ | <p>This structure responds to employees’ seek for autonomy and engagement, and promotes professional | ||
+ | satisfaction, and a better environment for innovation. </p> | ||
+ | |||
+ | |||
+ | |||
</ol> | </ol> | ||
</div></div> | </div></div> |
Revision as of 04:29, 18 September 2015
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