Project Management Company

1.0Introduction. prudence Consultancies atomic number 18 a relative slack to initiate dividing line to descend up since they be knowledge establish and do not require expensive tools and specialist equipment. Forming such a friendship requires only a base, radiation diagram office equipment such as lap eliminates, printers, telephones, and internet r let oners, and competent employees to apply their knowledge to the particular business niche. However, decent because it is relatively easy to form any kind of anxiety consultancy while appreciating that there is a apostrophize involved with setting up any corporation it does not simply hap that because a individual can, they should.Creating a conjunction takes time, drive, and of course, finance, and should only be calculateed by those who are ready to do so. There are three signs that someone is ready to set up any kind of management consultancyThey stick the indwelling background, experience, and qualifications i n their field, and can consider themselves an expert. They rich person developed a rich ne bothrk of peers, like-minded individuals, and potency clients who they can call upon to help the business grow. They energize a stable financial background and have at least some knowledge of business management.With those elements in place, if a person has the leave behind, they are credibly to be able to launch and meet a successful company, but there are static plenty to think ab push through, and that is where a mentor is invaluable.2.0 Different types of organizational structure.In setting up a sore business, one of the most fundamental decisions is what kind of business it depart be. There are a number of different options available, ranging from sole proprietorship, done a partnership, and onto a small corporation or as but a trammel company (Gov. UK, 2015).2.1 Sole Trader.This is the easiest type of company to set up and run, and brooks easy account statement and tax interpretation, but can be seen as less professional than some other business types.The sole trader business gives the haveer full control over business decisions and are easy to set up and run. They also give the owner full control of the profits but they are not a separate business entity, divided from the owner, and the owner is liable for any debts or indebtedness actions mounted against the company.2.2 Partnership.A partnership is also a popular business structure among smaller companies and form when two or more individuals decide to share a business and become co-owners. A partnership is own in the same counselling as a sole trader company, but the liability is scattering over the two or more muckle who form the partnership.2.3 Limited Company.This form of business greatly increases a companys credibility and makes it the kind of professional entity that other businesss assist to realize with. The main issue with a special company is the very formal procedures that ar e employ to form and control them, and the need for a professional accountant to help keep on top of what can be complex spend and investment.Because a limited company is detached from those who own and run it, there is only a limited liability should it go wrong.2.4 Recommendation for a Project Management Company.Because of its professional connotations and ability to attract investment, it is suggested that the new flip management company starts as a limited company, with Charles as the sole shareholder.3.0 Management Overview.3.1 Definition of modern management.Management is fundamentally a people-orientated venture that is used to unionise a police squad, and accomplish aims for that team and a wider company in general (Robbins and Judge 2014). However, over young years, there has been focus on what Deming (1993) identified as the seven deadly diseases. These areLack of labor of purpose Emphasis on short-term profits Evaluation by performance, merit rating, or yearly rev iew of performance Mobility of management Running a company on visible figures alone Neglecting long-range planning Relying on quality inspection rather than improving product qualityDeming countered all of these by identifying a system that countered all of these failures by devising what has become known as Total whole measuring Management, with the intention of helping the management of better products or services, creating product uniformity, improving product testing and, ultimately, greater sales (Stoner et al, 2003).Following the reimaging of management in light of Demings intervention, focus has shifted from the simple organisation of people to a make for of producing and maintaining an environment that allows the efficient accomplishment of influence and selected aims. These are achieved by managers using what have been identified as the four functions of managementPlanning Identifying the steps needed to achieve a pre driven goal.Organising Bringing unneurotic all t he resources needed to achieve the planned goals.Leading Motivating those on the team to achieve the set goals.Controlling Ensuring that team members stay on track done open and bonnie reporting from and to the team.Achieving these goals means that managers must be adept at organisation skills and have the trust of both their own team and senior management. The goal of all managers is to deliver their assigned lying-ins on time and to an concord budget, while ensuring that their team members are fulfilled and with due consideration to quality of product or service. Furthermore, a good manager will enact their assigned tasks using the minimum of resources, thereby maximising gainfulness for the company while satisfying the customer.3.2 Leadership Styles.The effectiveness of a manager depends greatly on their ardor and how they interact with their team (Adeniyi, 2007). The three fundamental leadership styles are identified asAutocratic leader. This manager type melts to instr uct the team on what needs to be achieved without consultation, and expects the team to deliver as required. classless Leader. This manager seeks the input of the team, and discusses the way forward with them, making joint decisions as they arise. Laissez-f cinche Leader. The opposite of the compulsory leader, the Laissez-faire manager supplies resources but otherwise allows the team to function almost autonomously.Due to the flexible yet well- catch up withd nature of project management, it is suggested that Charles adopt a democratic leadership style with his sub-managers, since they will have customer-set goals and only really require resources and to feedback.4.0 Organisational Culture.Organisational socialisation has been likened to the personality of the business, and the overriding feature that defines how a company plant and its interactions with suppliers, employees, and customers (Alversson, 2013). There are several types of organisational culture (Drafke & Murtaugh, 2009), of which the main ones areClan culture. These are family like and tend to focus on mentoring, nurturing, and creating a workforce that feels comfortable and works well together. Power Culture. Key to this is satisfying control by a few high ranking members, and tends to be found in both smaller companies or discrete sections of larger companies, since it would be difficult to run a large company with such a culture. Key elements mean that decisions can be made quickly making the culture highly reactive. Adhocracy culture. Sometimes referred to as forward looking cultures, these tend to be entrepreneurial and dynamic, and promote an air of risk taking and first appearance. Companies with this culture tend to pride themselves on being market leaders and judge to do something new ahead of possible competitors and the market in general. employment Culture. This type focusses on designate individuals specific roles with a current job description and does not allow much sco pe to step out of that role. They tend to be rigid and are renowned for being very task-focused. Cultures such as this are found in companies that specialise in high technology or businesses where roles are determined by knowledge, making it difficult or someone without specific skills to be able to step into certain roles. Market culture. The market culture companies are highly results-driven organisations that concentrate on achievement and completing the task in hand. Hierarchical Culture. These are high structured and controlled businesses that concentrate on creating an efficient company that does the right thing. They tend to be run with a well-defined management structure which feeds information down by means of it and accepts reporting back through the same lines.The project management company planned by Charles will start with a smaller number of employees but they will have highly specialised tasks to acquire out such as detailed project management therefore the Role culture is likely to be the best fit for his business.Since there is only a few employees to start with, the feeding out of information can be handled via team meetings, making communications easy and fluid.Business perception relates to the way in which people either employees, competitors, or customers relate to a company, which can affect how they interact with that company (Schnaky, 2008). How a company is perceived may impact on how others work with the company which in bending can affect their long-term profitability and their ability to operate in the market.5.0 Organisational Strategic Objectives.This report has sketch some of the areas that Charles, the business owner, should examine in order to establish a successful company and gives index of the type of culture he should aim for. However, rather than simply indication certain aspects of the business, it becomes important to define particular strategic objectives for Charles to establish.It has been suggested in section 2.4 that Charles strongly consider establishing his business as a limited company, as that will give him extra credibility in the business world, and he is likely to be able to attract the right calibre of technical staff to5.1 Strategy Roadmap.Charles company is expected to follow a specific pathway to success, built on his companys specialist knowledge of project management and modernistic work systems. This means that the corporate strategy needs to be based on a culture of innovation and the highly-desirable skillset that his employees have. The structure of a corporate strategy built on innovation is shown in figure 1, below.Figure 1 Charles Corporate Strategy.With the company firmly seated in the high-skills, technology, and innovative work streams, Charles can build up a suitable processes that reflect the kind of business that thrives in highly specialist markets such as detailed project management. The second layer of the strategy is based on the fundamental pr ocesses that the company will employ every day to deliver customer excellence. These processes will encompass innovation in deliverables in which the project management element will keep au fait with the current practices in the field, and project management practitioners kept fully trained as appropriate. Operations process will dictate how the technical staff will interact with customers, while business growth will be the focus of sales and marketing processes.The goal of the sales and market department will be to grow the visibility of the company and create a customer experience that entices return custom through a positive experience in all dealings with the company. Customer feedback will further allow the company to innovate and to modify their services based on what customers actually want rather than their own perception of what customers need. By delivering the correct product and service, Charles company can experience substantial growth through returning customers as well as picking up new business through the correct marketing strategy and customer recommendations.5.2 Managing the Strategy.With the correct strategy in place, the management becomes easy since all members of the company understand what is required of them and departments that they deal with to streamline all operations. As already stated, it is suggested that Charles adopt a Role culture into the company so that people are aware of what they need to achieve within their work sphere, but are able to take direction on other tasks as necessary. This means that self-management is carried out to the greater extent, with Charles and his senior management team which is expected to comprise himself as chairman, a Finance Director, and a Sales//Operations Director offering overall direction for the company, leaving day to day management to area managers and individuals, empowering them to stretch goals (Vandeveer and Menefee, 2010). This will add a flexibility to the company that is attractive to potential customers, which, together with the obvious innovative ethos of the company, will help boost sales enquiries.The management system and strategy set out for this company does not have to be binding, and with future growth, it may be necessary to consider different strategies and management styles that will be more befitting the organisation as it grows. This means that Charles will need to assess the company on a regular basis to assess whether a new direction in strategy and style may be of greater benefit.6.0 ReferencesAdeniyi, M. (2007) Effective Leadership Management. Authorhouse, Bloomington, Indiana.Alversson, M. (2013) discernment Organizational Culture. Sage Publications, London.Deming, W. (1993) The New Economics for Industry Government, and Education. MIT Press, Boston, Massachusetts.Drafke, M. and Murtaugh, J. (2009) The Human Side of Organizations. Prentice Hall, New Jersey.Gov. UK (2015) charter a legal structure for your business. Online Avai lable from https//www.gov.uk/business-legal-structures/overview. Accessed 11th December 2016.Robbins, S. & Judge, T. (2014) Essentials of Organizational Behaviour. Online Available from http//bba12.weebly.com/uploads/9/4/2/8/9428277/organizational_behavior_15e_-_stephen_p_ robbins__timothy_a_judge_pdf_qwerty.pdf. Accessed 11th December 2016.Schnaky, K. (2008) Perceptions of Organizational Culture by Employee Level A human face Study. Online Available from http//citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.591.2797 &rep=rep1&type=pdf. Accessed 11th December 2016.Stoner J., Freeman R., and Gilbert, jr. D. (2003) Management. Prentice-Hall of India, New Dheli.Vandeveer, R. & Menefee, M. (2010) Human Behavior in Organizations. Prentice Hall, New Jersey