Project Management Company

1.0Introduction.Management Consultancies atomic number 18 a relative favour open to initiate melodic phrase to set up since they argon knowledge establish and do not require expensive tools and specialist equipment. Forming such a comp either requires only a base, normal office equipment such as laptops, printers, telephones, and internet r push throughers, and competent employees to apply their knowledge to the particular transaction niche. However, simply because it is relatively lightsome to take a shit any kind of care consultancy spell appreciating that there is a cost involved with setting up any high society it does not simply follow that because a person smoke, they should.Creating a confederacy takes time, drive, and of course, finance, and should only be call uped by those who are ready to do so. at that place are three signs that whatsoeverone is ready to set up any kind of concern consultancyThey bear the essential background, put through, and q ualifications in their field, and fag consider themselves an expert. They have developed a rich network of peers, similar individuals, and potential clients who they usher out call upon to help the business grow. They have a stable financial background and have at least some knowledge of business circumspection.With those elements in place, if a person has the pull up stakes, they are belike to be able to launch and run a successful company, however there are still plenty to think about, and that is where a instruct is invaluable.2.0 Different types of organizational structure.In setting up a in the buff business, one of the most fundamental decisions is what kind of business it go away be. There are a number of different options available, ranging from sole proprietorship, through a partnership, and onto a small corporation or even a peculiar(a) company (Gov. UK, 2015).2.1 Sole Trader.This is the easiest type of company to set up and run, and deed overs undemanding accounting and tax interpretation, only when nookie be seen as slight professional than some other business types.The sole trader business arrests the owner full surmount 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 li strength actions attach against the company.2.2 Partnership.A partnership is also a popular business structure among little companies and form when two or more individuals decide to share a business and become co-owners. A partnership is owned in the selfsame(prenominal) mode as a sole trader company, but the liability is spread over the two or more mountain 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 confront to work with. The main issue with a limited co mpany is the rattling formal procedures that are used 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 complimentary 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 sweet draw 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 essentially a people-orientated venture that is used to organise a group, and accomplish aims for that team and a wider company in general (Robbins and Judge 2014). However, over late years, there has been centre on what Deming (1993) identified as the seven fatal diseases. These areLack of constancy of purpose Emphasis on short-run profits Evalu ation by performance, merit rating, or annual recap of performance Mobility of management Running a company on discernible excogitations alone Neglecting long-range planning Relying on quality inspection preferably than improving convergence qualityDeming countered all of these by identifying a dust that countered all of these failures by devising what has become known as replete(p) Quality Management, with the intention of helping the management of better harvest-tides or services, creating product uniformity, improving product testing and, ultimately, great sales (Stoner et al, 2003).Following the reimaging of management in light of Demings intervention, center on has shifted from the simple organisation of people to a process of producing and maintaining an environment that allows the efficient accomplishment of predetermined and selected aims. These are achieved by managers using what have been identified as the four be givens of managementPlanning Identifying the st eps needed to achieve a predetermined goal.Organising bring together all the resources needed to achieve the intend goals.Leading need those on the team to achieve the set goals.Controlling Ensuring that team members cling on track through open and honest report from and to the team.Achieving these goals subject matter that managers must be adept at organisation skills and have the conceive of both their own team and senior management. The goal of all managers is to demonstrate their assigned designates on time and to an agreed 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 token(prenominal) of resources, thereby maximising profitability for the company while satisfying the customer.3.2 leading Styles.The effectiveness of a manager depends greatly on their style and how they move with their team (Adeniyi, 2007). The three fun damental leadership styles are identified asAutocratic leader. This manager type tends to instruct the team on what ask to be achieved without consultation, and expects the team to deliver as needed. Democratic Leader. This manager seeks the stimulation of the team, and discusses the way forward with them, making joint decisions as they arise. Laissez-f institutionalisee Leader. The foeman of the autocratic leader, the Laissez-faire manager supplies resources but otherwise allows the team to function almost autonomously.Due to the flexible yet well-defined 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 goal has been likened to the personality of the business, and the overriding lark about that defines how a company works and its interactions with suppliers, employees, and custom ers (Alversson, 2013). There are several types of organisational socialization (Drafke & Murtaugh, 2009), of which the main ones areClan last. These are family like and tend to focus on mentoring, nurturing, and creating a workforce that feels comfortable and works well together. author Culture. Key to this is firm control by a few proud ranking members, and tends to be put in in either smaller companies or discrete sections of massiver companies, since it would be difficult to run a large company with such a farming. 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 innovation. Companies with this culture tend to pride themselves on being market leaders and attempt to do something new ahead of doable competitors and the market in general. Role Culture. This type focusses on assignin g individuals unique(predicate) roles with a certain job description and does not allow ofttimes scope 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 through 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 carry 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 whitethorn impact on how others work with the company which in turn can affect their long-term profitability and their ability to operate in the market.5.0 Organisational strategic Objectives.This report has outlined some of the bowls that Charles, the business owner, should examine in bless to establish a successful company and gives indication of the type of culture he should aim for. However, rather than simply indication certain aspects of the business, it becom es pregnant 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 dodge Roadmap.Charles company is expected to follow a specific pathway to success, create on his companys specialist knowledge of project management and innovative work systems. This means that the corporate strategy needs to be ground 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 qualified processes that reflect the kind of business that thrives in highly specialist mar kets such as detailed project management. The second layer of the strategy is based on the fundamental processes that the company will employ every mean solar day to deliver customer excellence. These processes will encompass innovation in deliverables in which the project management element will keep abreast with the real 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 really want rather than their own perception of what customers need. By delivering the correct product and service, Charles company can experience substantial growth through reverting 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(p) of what they need to achieve within their work sphere, but are able to take direction on other tasks as obligatory. 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 whirl overall direction for the company, leaving day to day management to area managers and individual s, empowering them to stretch goals (Vandeveer and Menefee, 2010). This will add a flexibility to the company that is lovable to potential customers, which, together with the obvious innovative ethos of the company, will help pass on 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 jibe 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) Understanding organizational Culture. Sage Publications, London.Deming, W. (1993) The new(a) economic science for Industry Government, and Education. MIT Press, Boston, Massachusetts.Drafke, M. and Murtaugh, J. (2009) Th e Human Side of Organizations. Prentice Hall, New Jersey.Gov. UK (2015) Choose a legal structure for your business. Online easy 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 Case Study. Online Available from http//citeseerx.ist.psu.edu/viewdoc/ transfer?doi=10.1.1.591.2797 &rep=rep1&type=pdf. Accessed 11th December 2016.Stoner J., freewoman 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