Organizational Structure
It takes a keen leadership team, vigilant financial management, and constant evaluation and re-evaluation to keep an organization like the WVHFC ever ready to fulfill its mission. Operating effectively and efficiently is a priority J. Morgan Leach, executive director and co-founder of the WVHFC, emphasizes this ethos daily to his team.
WVHFC is a small organization composed of five employees working within three departments. The departments consist of regulatory and legal affairs, research, and social events and communications. Within its higher administration, the WVHFC is divided by its founder, Don Smith, II and its executive director. Obvious missing pieces to their system (that are typical of many organizations) …show more content…
While these departments are obviously lacking within the WVHFC one must not assume they are absent from the organization itself. These duties are equally shared between the executive director and founder. Saving manpower, the two administrators split accounting duties and focus on building the financial processes necessary to sustain the organization within its niche in the state. The WVHFC’s financial practices work well for this fledgling organization and as it expands the need to take on an accounting professional is advisable but unnecessary at this stage. Another lesson from the text highlights the importance of understanding the difference between “financial leadership” versus “financial management”. The executive director of the WVHFC displays this leadership acumen in his display of the company’s principles as he leads his small team of like-minded individuals under the common message that “a healthy culture of communication and sound financial principles is the bedrock to our mission and the company’s legitimacy to the state’s constitution and economic livelihood.” The text stresses “that a strong organizational leader looks at the bigger picture and has the capacity to manage his or her people in a way that allows them to use their talents and energy in a concerted effort that brings intrinsic and extrinsic value to the company and environment” (Jossey-Bass, 2010). J. Morgan Leech and Don Smith, executive director and founder of WVHFC respectively, in my estimation do just
It takes a keen leadership team, vigilant financial management, and constant evaluation and re-evaluation to keep an organization like the WVHFC ever ready to fulfill its mission. Operating effectively and efficiently is a priority J. Morgan Leach, executive director and co-founder of the WVHFC, emphasizes this ethos daily to his team.
WVHFC is a small organization composed of five employees working within three departments. The departments consist of regulatory and legal affairs, research, and social events and communications. Within its higher administration, the WVHFC is divided by its founder, Don Smith, II and its executive director. Obvious missing pieces to their system (that are typical of many organizations) …show more content…
While these departments are obviously lacking within the WVHFC one must not assume they are absent from the organization itself. These duties are equally shared between the executive director and founder. Saving manpower, the two administrators split accounting duties and focus on building the financial processes necessary to sustain the organization within its niche in the state. The WVHFC’s financial practices work well for this fledgling organization and as it expands the need to take on an accounting professional is advisable but unnecessary at this stage. Another lesson from the text highlights the importance of understanding the difference between “financial leadership” versus “financial management”. The executive director of the WVHFC displays this leadership acumen in his display of the company’s principles as he leads his small team of like-minded individuals under the common message that “a healthy culture of communication and sound financial principles is the bedrock to our mission and the company’s legitimacy to the state’s constitution and economic livelihood.” The text stresses “that a strong organizational leader looks at the bigger picture and has the capacity to manage his or her people in a way that allows them to use their talents and energy in a concerted effort that brings intrinsic and extrinsic value to the company and environment” (Jossey-Bass, 2010). J. Morgan Leech and Don Smith, executive director and founder of WVHFC respectively, in my estimation do just