Most start-up businesses are going to have some gaps in their overall personnel plan - including management. Don't try to downplay or ignore these issues in your business plan! These are weaknesses that can make or break your business! It is critical that you discuss specific gaps and what steps will be taken to address them. First, list out each position that needs to be fill (i.e. Vice President, Finance Director, etc.). Second, describe the duties and responsibilities that each role entails. Third, talk about when each position needs to be filled. For instance, as certain milestones are reached does that position become more critical? Finally, explain how the positions will be filled. Will you tap in the local job market through the classifieds or a temp agency? Will you rely upon an investor's pool of contacts? Do you have certain candidates in mind, but haven't approached them yet? Your key management functions need to be covered - maybe not immediately in some cases - but you still need to discuss the gaps and the plan to fill them in.
To be successful, a business of any nature has to bridge two knowledge gaps. The first knowledge gap is between the knowledge it has and the knowledge it should have to achieve its short-term business objectives. The second knowledge gap is between the knowledge it has and the knowledge it should have at some point in future to achieve its business objectives proposed for that time in future. Knowledge Management is a process whereby a person (be it an individual or an organization) identifies the amount and nature of knowledge it requires to achieve its short-term and long-term business objectives; and design and implement a system which allows it to manage the acquisition (including generation, purchase and rental), maintenance (including storage, updating and discarding), sharing, dissemination, and more importantly, the usage and leverage of such knowledge.
It depends on how you are defining internal controls. However, for any business to be successful, the following resources must be in place, in sync, and in harmony with no misalignment's, gaps, or disconnects. Organization of: * Material resources * Human resources * Financial resources * Informational resources
Advantages of informal organizations: Blend with formal system, Lighten management workload, Fill gaps in management abilities, Encourage improved management, Understanding and dealing with the environmental crisis. Informal organizations are created for satisfying the psychological and social-affiliation needs of the employees.
Expansion gaps are the controlled gaps between the structure. The gaps purpose is to compensate and go with the changes of the structure overtime.For example: Materials such as concrete shrink overtime and clay expand slowly. So, it is needed for the structure to have expansion gaps to avoid damages.