Skills that are "critical to success"
Identify the skills that are "critical to success" in the venture you are contemplating or already own, (this refers to those you rated a "3" on the "Team Needs Assessment”).
Explain which of these skills are “very strong” for you personally (this refers to those you gave yourself a “3” on in the “Team Needs Assessment”). Which skills do you need to improve?
Identify three 3 potential mentors or advisors who may be willing to help you with the specific skills or areas in which you are not very strong. Describe why each person would be helpful.
Evaluate the types of partners you may need to help sell your products or services.
Part 2 (to be completed in week 3)
Answer the following questions in a minimum of 350 words:
Assess what you feel is your primary leadership style or styles. Based on the type of leadership roles you want to hold, assess which combination of styles will work best for you in your career.
Analyze what you can do to develop leadership styles that you desire but may not currently possess.
Compare functional, divisional, team, matrix and network organizational structures. What are the similarities and differences?Determine which structure you would most like to work in.
Analyze what you can do to provide phenomenal customer service in an organization you would like to own or already own. Determine what kind of system to implement so that all your customers receive the same excellent customer service, regardless of who serves them.
Sample Solution
- Marketing: The ability to market and sell products or services is essential for any business. This includes understanding the target market, developing marketing materials, and executing marketing campaigns.
- Sales: The ability to close deals and generate revenue is also essential for any business. This includes building relationships with potential customers, understanding their needs, and presenting solutions that meet those needs.
- Business development: The ability to identify and pursue new business opportunities is important for any business that wants to grow. This includes networking with potential clients, developing partnerships, and identifying new markets.
- Financial management: The ability to manage financial resources effectively is essential for any business. This includes budgeting, forecasting, and managing cash flow.
- Teamwork: The ability to work effectively with others is important for any business, especially for businesses that are growing rapidly. This includes delegation, communication, and conflict resolution.
- Marketing: I have a strong understanding of marketing principles and I am good at developing marketing materials that are effective.
- Sales: I am good at building relationships with potential customers and I am able to close deals effectively.
- Business development: I am good at identifying and pursuing new business opportunities.
- Teamwork: I am a good team player and I am able to work effectively with others.
- Financial management: I need to improve my understanding of financial principles and I need to be better at managing cash flow.
- Leadership: I need to develop my leadership skills in order to be able to effectively manage a growing team.
Full Answer Section
- John Smith: John is a successful entrepreneur who has a lot of experience in marketing and sales. He would be able to help me to improve my marketing skills and to develop a more effective sales strategy.
- Jane Doe: Jane is a financial advisor who has a lot of experience in helping businesses to manage their finances. She would be able to help me to improve my understanding of financial principles and to develop a better cash flow management plan.
- Bill Jones: Bill is a successful leader who has a lot of experience in managing teams. He would be able to help me to develop my leadership skills and to learn how to effectively manage a growing team.
- Resellers: Resellers can help me to reach new customers by selling my products or services through their own channels.
- Affiliates: Affiliates can help me to generate sales by promoting my products or services on their websites or social media channels.
- Distributors: Distributors can help me to distribute my products or services to retailers and other businesses.