There are plenty of challenges to overcome when you’re starting a new business. Aside from finding the right market and developing a product that suits your target consumers, you also need to develop a solid team that will work well under different situations. As a new business, you actually have complete freedom on how you want to organize your business for maximum efficiency. According to the New Jersey Institute of Technology’s Online Masters in Business Administration program, there are a few management models that you can adopt to meet the challenges of the market.
The most classic model is where managers are leading the change. While this is a more conventional approach, it is still an effective model to implement, especially when you’re running a relatively large business. With managers on the leading edge of change, it is also much easier to adapt and innovate.
You can learn more about other ways to break the barriers to success by reading the Top Business Management Models infographic.
This infographic was created by the New Jersey Institute of Technology.