The Future of Business Structure – An Accounting Perspective
Tags – Future of Business Structure
It is almost redundant to say that business structures have changed in recent times.
As a result, we see an increasing number of small companies with flat management structures.
This flattening of structures does not necessarily mean that companies are hiring less people. It just means that there is now a greater focus on a sharing economy, where businesses compensate for their size by partnering with the right sources.
Later, when the right level of success has been achieved, the numbers start going up again. However, an increasing number of companies are choosing to keep the management structure flat.
But, was there a problem with traditionalism in business?
Away from Traditionalism
To begin, what is the problem with traditional hierarchies?
The whole notion of a hierarchy means that someone needs to tell the others what, and in many cases, how to do their job. With the rise of Laissez-Faire; a let do attitude, from management to leadership, and even in economic systems, the focus has shifted to imparting responsibility. And, doing so truly allows individuals to flourish within and even outside organisations.
As a result, we are seeing an increasing number of unique startups, with access to their market from the get go. And, technology has played a major role in this change. In fact, the same has been the case with directing us to change our ways in accounting too: becoming a pro digital accountants.
Agility and Culture
Agility is a relatively new concept, in terms of how businesses, especially tech startups operate. (Or you may see agility as the transformation of Lean for startups. I’ll let you be the judges of that).
All in all, agility allows organisations to grow in a sustainable fashion. Test your market before expanding, as simple as that. We have applied the same idea to our accounting services expansion to Birmingham from Leicester.
On the other hand, an emphasis on culture is nothing new. However, the kind of culture you should be pursuing has changed, in light with our discussion so far. Just stay in touch with how the market transforms and you will be fine.
To learn more, get in touch with us today.
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