A changing environment for the small business

Every small business is valued and makes a strategic impact in the economy. Small businesses thrive with strategic information. Today’s economy is not driven by luck but by competence, proficiency, resilience and dexterity. The small business is an investment infrastructure, which can basically be achieved when the business drivers have knowledgeable capacity and dependable consistent training. This provides a platform for growth and development for the small business.

SME Secretariat is not just the power house of SMEs, industrial change and economic revitalisation, we have the capacity to lead management change through training various levels of organisational manpower, various levels of management, various sectors or industries, various economical governmental rulings or economic types. Whether you have a new business or long existing small business you have the power to expand beyond your current scope.

Small businesses require a development strategy, this is the business moral technique for corporate development. Countless sermons have been preached and printed on the ethics of business or the ethics of business people. Most have nothing to do with business and little to do with ethics. One main plain topic we teach everyday is honesty. People in business are told solemnly, should not cheat, steal, lie, bribe or take bribes, but, nor should anyone else. Men and women do not acquire exemption from ordinary rules of personal behaviour because of their work or job.

The small business entrepreneurs need skill to achieve majestic performance in different areas of the business. Entrepreneurs need to be groomed and also groom their organisational workers in order to be effective business leaders. One vast restructuring solution is the importance of viewing the relationships between the design logic and development principles, this will help identify the principal tasks of change, the principles on structure with analytical solutions, with a result of organisation development, human development and this design should simultaneously structure and integrate result. The small business entrepreneur should produce innovation because it creates the society tomorrow. Small businesses that heed to our business counsel will find their way to the top. Our top-range strategy directs, gives vision and sets the course for the business of both today and tomorrow.

Modernity signatures

Small businesses need modern principles and concepts that express or embody a logic that makes that principle the appropriate one to apply when one or another task of development requires a structure. Our modernity signatures concept is a diversified set of different solutions whereby the functional and team design principles both embody work and task, and are thus appropriate designs to consider when faced with work or task oriented human management problems.

The small business strategy must be complementary rather than opposing established set standard. For example, in the functionally organised structure, the work in manufacturing, sociology, accounting and so on – are designed to be static; the work moves from one stage to the others, but in human capital team structure, the work is conceived as static, with skills moving to meet the requirements of the tasks. This principle is the only possible choice for dealing with, say, the structure of knowledge. Knowledge is the bedrock power of the small business foundation and formation. The small business needs expertise, to move the team to the next level. The small business structure is dependent on continuous development in order to deliver fantastic results and performance. Another dimension of small business is focus on relationships, because relations are inevitable, good relationship clearly produces result-focused design.

Another modernity signature principle for small business is decision. Decision is as much a dimension of development, as are work and tasks, results and performance and relations. A no decision-focused society would totally mislead the citizens, have unclear national objectives, operate with fake zeal, and unfulfilling plans. In SME Secretariat, we are building new rules of change for country human management.

Virtuous cycle

Ideally, small businesses should be multi-axial; that is structured around work and task, and results and performance, and relationships and decisions, development and change. It should function as if it were a biological organism, like the human body with its skeleton and muscles, a number of nervous systems, and with circulatory, digestive, immunological, and respiratory systems, all autonomous yet interdependent. However, small businesses should not be limited to designs that express only one primary dimension.

So, in designing business goals, small businesses have to choose among different structures, each stressing a different dimension and each, therefore, with distinct costs, specific and fairly stringent requirements, and real limitations. There is no hitch-free business structure, and a design that is the best solution for one task and just plain wrong for yet another type of work.

One fundamental fact is clear small business restructuring is all about the workforce understand the need-value of established policies and procedures, appreciating the need for policy improvements, and efficient relationship between the human capital and the established operating policies. In SME Secretariat we have developed different solutions in fortifying business structure of different levels of management and sectors; one method is viewing the relationships between the design logic and principles, secondly to identify the principal tasks of management that the principles can structure.

Additionally, virtuous cycle means that small business design should simultaneously structure and integrate the following three different kinds of work.

The operating task, which is responsible for producing the results of today’s business.

The innovative task, which creates the organisation’s tomorrow; and

•The top-management task, which directs, gives vision and sets the course for the business of both today and tomorrow.

These principles project perfect case studies important in creating a new focus for developing or upcoming small businesses. The development factors consider every member of the small business as a development priority. We have developed the most fitting business design peculiar to the development of the business. We consider the most critical matters that affect small businesses countries, our findings include: resource allocation, crises management, lack of effective rule of law, etc.

In all these cases we develop solutions that will best fit these small sized businesses. We address these issues through our country wide forums and conferences, we take samples on small businesses and opinions on certain critical business matters, maintaining our development documentary. We refocus leaders’ attention to major citizens’ development factors. With our global experience we used our concepts and principles of psychology and global change to analyse impossibility possibility when it comes to the matter of nation development.

Derek Omoleh is CEO|SME Secretariat, Email: derekomoleh@cuttingedgesmes.com