BBUSS 2403 • BUSINESS PLANNING

CHAPTER 8
Management Team & Company
Structure

3-1
Introduction

 Management team
 Board of directors
 Board of advisors
 Other professionals
 Company structure

8-2
Management Team
Founder and key management personnel

8-3
Management Team
• Management team
personnel
• Management team
ownership and
compensation
• Common mistakes to
avoid

8-4
Management Team Personnel
• Brief profile of each member of the
management team
• Title
• Duties and responsibilities
• Previous industry and related experience
• Previous successes
• Education background

Michael J. Fister President and Chief Executive Officer

Mike Fister is President and Chief Executive Officer. Prior to
joining, he spent 17 years at Intel Corporation, where he was
most recently Senior Vice President and General Manager of the
company’s Enterprise Platforms Group.

8-5
Management Team Ownership and
Compensation

• Ownership structure
• Compensation
• Options Pool—An inventory of
company stock which is set aside for
future employees

8-6
Common Mistakes
• Placing unqualified friends in key
management positions
• Assuming that previous success in
other industries translates to one’s
own industry
• Presenting a one-man team
philosophy
• Hiring top managers without
sharing ownership in the firm
• Not disclosing management team
skill or competency gaps
• Vague or unclear plans for filling
8-7 the skill or competency gaps
 Board of Directors
A Board of Directors is a panel of individuals who are
elected by a corporation's shareholders to oversee the
management of the firm

8-8
Board of Advisors and Other
Professionals
• Board of advisors
• Panel of experts who are asked by a
firm’s managers to provide counsel
and advice on an ongoing basis

• Other professionals
• Attorneys and accountants

8-9
 Company Structure

• Organizational chart

Graphic representation of how

authority and responsibility are
distributed within a company

8-10