To understand who is responsible for what within your business, it’s important to know about the key roles in action.
We’re talking about the four primary functions of a business: Human Resources, Finance, Marketing and Production.
Each of these areas is separate from one another so it’s crucial to demonstrate an understanding of their differences and who is responsible for the delivery in these departments.
For some companies, particularly those that are small enterprises, the responsibility for these key areas may lie with one person, such as the business owner.
However, for medium to large enterprises, there may be a team of people responsible for key day-to-day functions, with someone being the overall head for the business’s activity.
But whatever the size of a company, there will always be someone responsible and held to account for an element of an organisation; it’s the basic principle behind managing and leading a business.
If a company fails to operate on sound managerial practice and ethical principles, which are supported by a framework of applicable policies and strategies, it will struggle to achieve results and develop.
By having a clear understanding of who is responsible for what within your business – which is supported by documentation – your business operations are likely to be consistently seamless.
It takes time to list all the different responsibilities within a business and to agree on who is responsible for what, but there are numerous benefits in recording this.
Why is it important to know your responsibilities?
The running of your business will depend on your team’s understanding of their roles and responsibilities.
When someone understands their duties, they have a greater ability to complete and deliver on their assigned tasks efficiently.
Knowing your responsibilities won’t only prevent any duplication in work, but it will allow you to focus on your key areas as you will have peace of mind that someone is focusing on another important element of business.
Why is it important to manage responsibilities effectively?
Managing the responsibilities across areas of your business – and delegating tasks to people – all come with solid and stable governance.
Governance refers to the structures and processes that are designed to ensure people are held accountable for the work they are expected to complete.
With governance, transparency and empowerment are more paramount. This is essential when it comes to establishing who is responsible for what.
By understanding where the responsibilities lie within your business, and by following the processes to ensure everyone is clear on their role and expectation, you are demonstrating a commitment to operate in such a way that is focused on developing the company.
For more about how to identify who is responsible for what within your organisation, and for support on the policies, processes, and procedures around this, get in touch today.