Topic: Management Team
Description: [?]
Preferred language style: English (U.S.)
Hi. My subject is that sells hip implant in the market. And we plan to
improve and innovate it in the market. Just answers following
questions. And I am going to attach additional resources,so please
read it then answer for questions.
Questions:
A. Organization
– Provide a simple organizational chart for the venture.
– Present the key management roles that must be filled in the company.
– If it is not possible to fill each executive role with a full-time
person without adding excessive overhead, indicate how these functions
will be performed(e.g., using part-time specialists or consultants to
perform some functions), who will perform them and when they will be
replaced by a full-time staff number.
– If any key individuals will not be on board at the start, indicate
when they will join the company.
– Discuss any current or past situations where key management people
have worked together that could indicate how their skills complement
each other and result in an effective management team
B. Key management personnel
– For each key person, describe career highlights, particularly
know-how, skills, and track record of accomplishments that demonstrate
his or her ability to perform the assigned role. Include in your
description sales and profitability achievements (budgeted size,
numbers of subordinates, new product introduction) and other prior
entrepreneurial or general management results.
– Describe the exact duties and responsibilities of each of the key
members of the management team.
– Complete resumes for each key management member need to be included
in the appendices and need to stress relevant training, experience,
any concrete accomplishments, such as profit and sales improvement,
labor management success, manufacturing or technical achievements, and
meeting of budgets and schedules.
C. Management compensation and ownership
– State the salary to be paid, the stock ownership planned, and the
amount of their quality investment (if any) of each key member of the
management team.
D. Other current investors
– Describe here any other investors in your venture, the number and
percentage of outstanding shares they own, when they were acquired,
and at what price.
E. Employment and other agreements, stock options and bonus plans.
– Describe any existing or contemplated employment or other agreements
with key members.
– Indicate any restrictions on stock and vesting that affect ownership
and disposition of stock.
– Summarize any incentive stock option or other ownership plans
planned or in effect for key people and employees.
F. Board of directors or board of advisors.
– Discuss the company’s philosophy about the size and composition of the board.
– Identify any proposed board members and include a one or two
sentence statement of the member’s background that shows what he or
she can bring to the company.
G. Other share holders, rights, and restrictions
– Indicate any other shareholders in your company and any rights and
restrictions or obligations, such as notes or guarantees, associated
with these.
H. Supporting professional advisors and services
– Indicate the names and affiliations of the legal, accounting,
consulting, and banking advisors selected for your venture and the
services each will provide.