Fundamentals of Management, 11/e

What’s Involved in Organizing an Entrepreneurial Venture?

1. 7-3 Describe the six legal forms of organization and the choice of appropriate organizational structure.

Roy Ng, chief operating officer of Twilio in San Francisco, redesigned his organization’s structure by transforming it into an employee-empowered company. He wanted to drive authority down through the organization so employees were responsible for their own efforts. One way he did this was by creating employee teams to handle specific projects. These small teams can work rapidly and independently, and provide a means for employees to have the same level of passion, resourcefulness, and productivity that characterized the startup in its earliest days.26

Once the startup and planning issues ...