Assessing Business Value: Quality, Depth of Management Team

While this component of business value could be seen as self-explanatory, there are a couple of things that I think are worth noting.

Any great business should have the ability to keep moving forward without any one person.   Granted, a very small business or start-up may be heavily dependent on a founder, but as the business grows, the depth of the leadership bench should grow with it.  Consistently review the role and responsibilities of each employee, and if a concentration of knowledge or a dependency exists, proactively train, mentor or hire to spread the knowledge or limit the dependency.

I am also a firm believer that the measurement of a great business leader is more than assessing the results created while that person is in place.  The total impact should also include assessing the results achieved in the 3-5 years after the leader has stepped away.

Assemble a diverse, knowledgeable group of talent, create a culture that rewards the long-term success of the organization rather than an individual, and results will follow for many years to come.

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