• Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint
Share this Page URL
Help

Definition

A commitment is an agreement or pledge to do something in the future, especially an engagement to assume a financial obligation at a future date or the state or an instance of being obligated or emotionally impelled. To be committed, the management must be prepared to devote their time, energy, and resources to this opportunity. Ideally, they would also contribute capital, something that should be part of most board of directors conversations. Furthermore, those on the board of directors must be prepared to devote a substantial portion of their days, be accessible every day, and certainly acquire some of the equity with their own capital. Sometimes it really is all about commitment.


PREVIEW

                                                                          

Not a subscriber?

Start A Free Trial


  
  • Creative Edge
  • Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint