Shareholders ask an executive to use a big bag of money to start a business and make a profit for them. The executive decides their strategy to deliver the expected return and starts to build the organisation. The executive will recruit department heads, give them a share of the money and set them objectives. Each department then gives budgets to managers to play their part in the overall team effort. The original power (shareholder funds) has now been distributed formally and the business is ready for action. This is just Read More