Meaning ● SMB Governance Structures delineate the framework of rules, practices, and processes by which a small to medium-sized business (SMB) is directed and controlled, primarily focusing on achieving growth objectives, streamlining operations through automation, and ensuring effective implementation of strategic initiatives. Crucially, governance ensures alignment with legal and ethical standards, minimizing risks associated with scaling operations. Considering SMBs often face resource constraints, these structures need to be agile and scalable, adapting to the changing needs of the business, and promoting accountability across the organization. They also facilitate informed decision-making at every level.
