Looking to Overcome Overdependence
Small businesses often find themselves relying on a limited number of employees, which results in a few employees filling multiple roles. This overreliance is likely to cause poor decision-making, result in lower quality work, and create low employee morale. It also limits the overall growth of the business and confuses roles and responsibilities. Corporate governance structures, like a delegation of authority, would help a business define internal roles and procedures while helping employees receive clear goals and guidance for the work they undertake. On this page, you can find information on useful corporate governance strategies that can help MSMEs overcome their dependence on a small number of employees.