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The Role & Responsibilities of the Company Board

The Role & Responsibilities of the Company Board

Many small and medium sized business owners believe that they don’t need a board for their company, but nothing could be further from the truth. In fact, SMEs benefit even more from the experience and skills of a proper board than large ones, and by understanding the...
“In the end, all business operations can be reduced to three words: people, product and profits. Unless you’ve got a good team, you can’t do much with the other two.” – Lee Iacocca

“In the end, all business operations can be reduced to three words: people, product and profits. Unless you’ve got a good team, you can’t do much with the other two.” – Lee Iacocca

Lee Iacocca, who led both Ford and Chrysler during his career, clearly understood business. As he said, although people, product and profits are the elements of business operations, you’ve got to have a good team for the other two to work properly. Too often, though,...