Is there lack of communication among key personnel?
The routine passing of information among you and your key personnel may be all that you want it to be. But what about disagreement? Do key personnel refrain from expressing disagreement with you? Good communications should provide a forum for exchanging ideas and for airing differences of opinion. Possibly an early morning meeting once a week among you and your key personnel would provide a forum for exchanging ideas. Does your record keeping system present a realistic picture of your business? Is this the same type of record keeping system that other companies in your industry commonly use? Appropriate records should give the owner/manager answers to questions such as: Is there sufficient cash to operate the business? To pay back the bank? To pay taxes? Is too much capital tied up in inventory? Are accounts receivable being collected promptly? Bankers and other lenders need a realistic picture. Corporate records, if your company is a corporation, should be up-to-date including corpora
Related Questions
- What communication will take place to inform all current Service personnel of the choices they have to make?
- How are the responsibilities divided between the Accountable Executive and the existing key personnel?
- Do Key Personnel need to document this requirement for each different grant or contract award?
