Forming an effective Management Team

Question Description
Resource: Small Business Administration (SBA) website https://www.sba.gov/
Access the SBA website.
Search through the Business Guide section and disuss the following in 175 to 350 words:
- What is the importance of having an effective management team, and what role does it play in overall business success?
- What are the tax implications for the legal form of business that you choose?
Format your paper consistent with APA guidelines. Include a minimum of 1 reference.
Tutor Answer

Attached.
Running head: FORMING A MANAGEMENT TEAM
Forming a Management Team
Name
Institution
Date
1
FORMING A MANAGEMENT TEAM
2
What is the importance of having an effective management team?
For any business to survive, there are a range of skills required. Acquiring the correct
people to compliment and reinforce your business is essential, and having an effective
management team helps one get an efficient management team that creates an efficient and
capable business. For the achievement of this goal, a lot of considerations require to be put in
place; these include looking at the roles of the management team, management team skills,
building the team and evaluation of personal performance and rewards.
The role of the management team is basically to bring a combination of skills by
members bringing forth expertise in their areas of specialization. A disjointed management team
can put off any ...




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