Professional Documents
Culture Documents
BUS - 6140 - Module - 5 - Worksheet - Adeyemi Adesina
BUS - 6140 - Module - 5 - Worksheet - Adeyemi Adesina
Adeyemi A. Adesina
Dr Michael Rodriguez
October 9, 2023
2
Company Overview
What is the legal name of your company? Vesil Ventures Private Limited
Be sure to list the full name as it will be shown on Vesil Ventures Private Limited would be established as a private limited
the registration with your local government, along company registered under the Companies and Allied Matters Act (CAMA),
with d.b.a. (doing business as). Chapter C20 Laws of the Federation of Nigeria 2004, which governs
d.b.a. name unifies the delivery service brand separately while maintaining a
corporate identity under the registered name (CT Corporation Staff, 2023).
2004).
Proposed Legal Form of Business Vesil Delivery Services would be registered as a private limited company
Identify the proposed legal form of your company There are several reasons why this form was deemed most suitable. As a
and explain why you have chosen this form. corporation, it provides benefits such as limited liability, where shareholders
Options for identifying the legal business form: beyond the value of their investment (Hayes, 2022). This protection
● Sole Proprietorship encourages investment and separates personal finances from business risk.
● General or Limited Partnership Incorporating also allows for more flexibility in issuing shares to multiple
● Subchapter or S-Corporation partnerships do not share (Bishop, 2021). The corporation structure
● Limited Liability Company facilitates governance through a board of directors overseeing management.
This leadership model aligns well with operating Vesil Delivery Services as
certain sectors like logistics (Markus Okoro & Co, 2022). In summary,
benefits, responsibilities, and oversight aligned with the business goals and
Current Business Location Vesil Delivery Services is currently headquartered in Surulere, Lagos,
Where is your business currently located? Nigeria, at the following primary address:
Be sure to include the primary business address This location in Surulere was chosen as the headquarters and main business
and satellite locations (corporate headquarters, office as it provides a central hub close to major transport arteries without
business office, etc.) being located within the high-rent district of Victoria Island or Ikoyi.
Satellite offices have yet to be established, but the plan is to establish them
5
Proposed Management Team for New Venture Number of women and men = 1 woman, 1 Man
(Note: If setting up a new business, treat the Number of years of experience in marketing, including the
"Current Officers" section below as new officers companies where the experience was gained = 5 years' experience
*Fortune 1000 company backgrounds mentioned the companies where the experience was gained = the CEO will be
here add credibility to your management team. responsible for creating and executing her innovative strategies for
management team's functions are good references. Number of years of experience in engineering and design, including
This demonstrates a solid management the companies where the experience was gained = All engineering
6
background and assures a probability of future and design projects will be outsourced—no need for this for now.
outsourced to Deloitte.
• Adeyemi Adesina
• Olamide Adesina
holdings
stock holdings
holdings
advisor role
List the names of each member of the current Co-founder and visionary leader in Quality Management. MBA from
Board of Directors. Be sure to include note- Nexford University with over ten years experience in high-growth
Co-founder and marketing leader, having driven user acquisition for multi-
partnership development.
Bamidele Onalaja
passionate about real estate and mortgage banking. He has built three
Tomi Otudeko
9
As the Standard Bank Group's Regional Head for People and culture in
Nigeria and West Africa, Funke Amobi is responsible for creating the bank's
people and culture strategy across six nations. She oversees the fulfillment
of the Country People agenda as Country Head People & Culture for
Stanbic IBTC Holdings Plc. She also serves as a non-executive director for
School (LUMS).
● assembly [number] • Number of additional staff members required to meet the demands
● repair [number] of the projected market over the next five years = 40
● field service technicians [number] Discuss any additional staffing requirements you have, including the
● maintenance [number] position and the number of individuals needed for that position.
Based on projections of a 5-fold increase in order volume over the next five
years, our staffing needs will need to scale accordingly in a planned manner.
Marketing
Customer Support
Greater order volumes will require a larger customer service staff to handle
Fleet Maintenance
Mechanics (3)
Finance
Accountants (2)
control. Advanced planning can now help achieve our expansion goals.
Leadership Style As the founder and CEO of our new delivery startup, I aim to lead through a
Describe the leadership style held by the leader of transformational approach. Early studies guided my philosophy that a
your new business venture. Include a rationale for strongly envisioned future inspires maximum dedication (Kotter, 2001).
how that style best serves the business. While responsible for key decisions, my style emphasizes cultivating
2023).
integrity, and consideration (Mustafa & Nazir, 2018). This secures honest
Organizational Structure
14
CEO (Adeyemi
Adesina)
Operations and
Marketing Manager
(Olamide Adesina)
Delivery
Coordinator (2)
Customer Service
Drivers (5)
Representative
Resumes
Directions: Provide the resumes of officers, key employees, and board of directors members (if you have access to their
resumes.)
15
References
Andreou, C. (2023, August 3). Top 7 Advantages of a Private Limited Company. Www.goforma.com.
https://www.goforma.com/limited-company/advantages-of-a-private-limited-company
Bishop, C. (2021, February 24). 8 advantages and disadvantages of sole proprietorship. Ideas.
https://www.wework.com/ideas/professional-development/management-leadership/advantages-of-sole-proprietorship
CT Corporation Staff. (2023, June 19). Doing business as (DBA): The. Www.wolterskluwer.com.
https://www.wolterskluwer.com/en/expert-insights/dba-the-aka-for-your-business
Federal Republic of Nigeria. (2004). Nigeria - Companies and Allied Matters Act, 2020 (Act No. 3 of 2020). Www.ilo.org.
https://www.ilo.org/dyn/natlex/natlex4.detail?p_isn=112593&p_lang=en
Gitnux. (2023, August 25). 12 Vital Elements of Leadership Planning at Work • Gitnux. Blog.gitnux.com.
https://blog.gitnux.com/leadership-planning/
Hayes, A. (2022, July 14). Limited Liability: What You Need to Know. Investopedia.
https://www.investopedia.com/terms/l/limitedliability.asp
Javed, B., Rawwas, M. Y. A., Khandai, S., Shahid, K., & Tayyeb, H. H. (2018). Ethical leadership, trust in leader and creativity: The
mediated mechanism and an interacting effect. Journal of Management & Organization, 24(3), 388–405.
https://doi.org/10.1017/jmo.2017.56
Kotter, J. P. (2001, December). What Leaders Really Do. Harvard Business Review. https://hbr.org/2001/12/what-leaders-really-do
19
files/TransformationalLeadership.pdf
Markus Okoro & Co. (2022, June 29). How To Choose The Best Structure For Your Business In Nigeria - Corporate and Company
the-best-structure-for-your-business-in-nigeria
Mustafa, G., & Nazir, B. (2018). Trust in Transformational Leadership: Do Followers’ Perceptions of Leader Femininity, Masculinity,
Rupprecht, E. (2022). The Contribution of Transformational Leadership in Developing Intrinsic Motivation and Creativity of
Employees.
https://www.modul.ac.at/uploads/files/Theses/Bachelor/Undergrad_2022/BSC_2022/11703691_RUPPRECHT_Eleonore_BSc
_Thesis_-_Copy.pdf
Steinmann, B., Klug, H. J. P., & Maier, G. W. (2019). The Path Is the Goal: How Transformational Leaders Enhance Followers’ Job