The short answer is, definitely. Why? Mostly to protect the founders from themselves.
Insights
Making the transition from being an entrepreneur-led business to one that operates as an “institution” is not easy. A business that deals with everything that comes their way in a reactive, ad-hoc, team-based manner is not scalable. So, start with clearly defining and communicating a function-based org chart that nicely follows your value-chain.
It is well understood that growing a business requires people. If you want to grow a business fast, therefore, you have to source, filter, and hire of a lot of people very quickly. Identifying the right people, with the right capabilities, and the right cultural fit when the hiring engine is in overdrive requires a special set of safeguards.
In today’s explosion of overlapping software solutions, how do we know what is what? Does accountability software replace task management or project management software? How is it different from Trello, Jira, Slack, Asana, Wrike or Basecamp?
Executives, decision makers, and management in general have a finite amount of “Management Attention Units” (MAUs). So, what are MAUs anyway? We use this general term to refer to time used by management to carry out core supervisory duties. Management’s time – a very valuable and finite commodity.
What is done is done. Now, it is time for Facebook to take ownership of what happened, and prepare a plan to both handle the current crises and mitigate the risk of this ever happening again.
After the Enron and Worldcom scandals of 2001, the Sarbanes-Oxley Act (SOX) was enacted by Congress to help prevent certain types of fraudulent practices. Among other things, SOX has had critical implications for IT. Not only because of the role information technology plays in all businesses nowadays but because of SOX’s industry-leading Section 802 data retention requirements.
Escalation is a very powerful tool to make sure things get done at work. However, it should be used carefully and judiciously.
It is a well known fact that an effective way to reduce one’s workload and stress levels is by delegating in the workplace. Delegating, however, requires trust in the person you are delegating to and an understanding that things may not be perfect.
Most people nowadays use a number of disparate applications and methods to store all of their action items, projects, and tasks. Why is it so hard to consolidate that mess into a common approach that tracks and reminds us of what needs to get done in one place? Here is a way out.
