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Company-wide strategic planning
Company-wide strategic planning
Five organizational structure
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To implement the strategies successfully, each of the company must have an appropriate organization structures as well as the processes and the integrating mechanisms necessary to ensure that the boundaries among internal parties and external parties such as supplier and customers (lumpkin, 2003) . If a firm doesn’t have responsible to the organization, it will suffer the company. Organizational structure is described as a way that how an organization arranges their employees and works or tasks when determine the target, so that those project and target also can be performed more efficient and effective. At the same time, the company also can make a clear decision and accomplish the goals as fast as possible. In a company, if there is a small …show more content…
The large organization size of the company required the top manager to have a strong control of the business that in the company. 3M Company need to maintain a hierarchical structure, they may to achieve the organization goals. (THOMPSON, 2015). In the several types of structure, span of control is one of the structures that include on it. In 3M Company, it is a structure of wide span of control. They have many subordinates to corporate to accomplish the organization goals. 3M Company is also having centralization and decentralization structure. Centralization defined as to which decision-making is concentrated at a single point in the organization. In 3M Company, the top manager is to make all the decision making and make sure the company is following in his expect. Decentralization structure can act more quickly to solve the problem and have many people provided the input to the decisions in order to finish their work or target as fast as possible. 3M Company has a lot of business unit and business line, more employees to distribute the part of the mission will quickly to accomplish the mission. 3M Company is a large company, but which operate the small of business unit through …show more content…
When a company has a diverse product line, each product will have unique demands, a functional structure is appearing. Functional structures are also more effective in stable environments that are slower to change. Many firms use a functional structure successfully because the functional structure provides for a high level of centralization that helps to ensure integration and control over the related product-market activities or multiple primary activities in the value chain (G.Dess, 2003). For example, in 3M Company that has marketing department, finance department, research and development department, and production department. All of the employees that are distributing to the different group to accomplish those missions or task that department handle. In these structures, each person has be a specialized role to accomplish those goals. For example, marketing’s employee may serve as an planner, planning events for all the products that in the company. Finance department is to manage all the finance in the company makes sure the company is in profit
The Organisation structure of a company addresses the fact that every organisation has specific units that are responsible for different roles and actions in the organisation and that no department within the organisation stands alone, they are intertwined. The organisational chart or structure should be designed to divide up the work load, responsibilities and roles to be done
Its functional structure is organized with many executive vice presidents reporting to the CEO and additional functions representing a major component of the Target value chain such as a store, design, manufacturing, sales and marketing, logistics, and customer service. Each functional unit is supervised by a functional chain of command that focuses on their area of responsibility. This way CEO provides direction and ensures that the activities of the functional managers are coordinated and integrated across Target
Wells Fargo will also be streamlining its functional organizational structure in order to make efforts towards improving their business. A functional organizational structure is a structure that consists of activities such as coordination, supervision and task allocation. The organizational structure determines how the organization performs or operates. Each board member is held accountable for a certain area of business. These areas could be either production, marketing, human resources, accounting, etc.
Organisational Structure, Culture, and Management Style of a Business C2 An Analysis of How the Organisational Structure, Culture And Management Style of the Business Affects its Performance and Operation and Help It to Meet Its Objectives The organisation structure of Wednesbury IKEA The organisation structure in the ‘Appendix section’ belongs to the Wednesbury branch of IKEA. Wednesbury IKEA is a large formal organisation and it is best suited to a hierarchical organisational structure. This is because; there are more employees as it goes downwards from each level.
In order for one to evaluate and identify with the diverse business structures, he/she must be aware of the meaning and standards that makes that structure. Various businesses functions in different ways as the world is full of technology and new structures, company cultures and new ways in which companies are run. In order to fully grasp the concepts of Organizational structure and culture in the movies, I will use the Movie Up in the Air and The Devil Wear Prada movies to analyze a business scenario from them.
Functional 2. Divisional 3. Hybrid 4. Matrix 1. Functional Structure involves the departmentalization in which positions are grouped according to there main functional- specialized area.
Business structure is a critical factor to determine a company 's success or failure. Generally, larger organization has a more complex organizational structure. In the case of H&M, they had adopted matrix structure, one of the traditional organizational structure, into their business. As shown in figure 1, range of functional groups is listed horizontally across the table and on the other is product/task with a manager taking control of each. The functional structure is divided
Organizations can be configured in many different ways. Their overall classifications can be summarized by characteristics of complexity within the system, the level of formalization, and the centralization of decision-making power. The structure of each organization is influenced by many factors. Such factors include; the goods and services provided, the overall individuality of the staff providing the service and producing the products. The overall beliefs and values of the individuals performing the services that are being delivered, the technology that is utilized to help deliver the services and aid in product production, as well as the needs, desires, and generalized characteristics of the consumer population that requires or demand the product or service. (Yoder-Wise, 2007, p. 145) The organization will have different operating priorities based on its ownership. The main goal behind most business is to make money. The private owned institution strives to make its shareholders money, while a non-profit institution reinvests all of its revenue back into the orga...
Nike is made up as a matrix organizational structure, which consist of several specialists and some individuals report to at a minimum of two managers. In the company, the staff informs to a crew of managers who dispatches the development report to the manager of the department. Each product within the company includes of it is own section and has its own department who performs independently of the CEO. The managers and employees of Nike decide concerning design and manufacture while the department managers concentrate mainly on ethical issues. In addition, the managers are completely accountable for the employees. While operating a matrix structure, Nike makes choices and responds quicker than any other department. Unlike Nike, Microsoft uses a divisional structure because it offers various separations within the company that functions almost as their own separate entities. However, this does not mean that they do not collaborate on projects or cross reference with each other. The divisi...
Organizations must operate within structures that allow them to perform at their best within their given environments. According to theorists T. Burns and G.M Stalker (1961), organizations require structures that will allow them to adapt and react to changes in the environment (Mechanistic vs Organic Structures, 2009). Toyota Company’s corporate structure is spelt out as one where the management team and employees conduct operations and make decisions through a system of checks and balances.
4. Assessment of the proposed organizational set-up (patterned from the set-up of Martex) by evaluating whether implementa...
Organizational structure is the way that an organization arranges people and jobs so that work can be performed and goals can be achieved. Good organizational design helps communications, productivity, and innovation. Many organization structures have been created based on organizational strategy, size, technology, and environment. Robbins and Judge (2011, p. 504) listed three common structures: simple, bureaucracy, and matrix. In this post the author will describe the matrix structure, and discuss its advantages and disadvantages.
Organizations are established in specific ways to obtain different objectives, and the structure of an organization can help or restrain its advance toward accomplishing these goals. Organizations of different sized and types can achieve higher sales and other profit adequately by identifying their requirements with the structure they use to operate.
Organizational structure within an organization is a critical component of the day to day operations of a business. An organization benefits from organizational structure as a result of all it encompasses. It is used to define how tasks are divided, grouped and coordinated. Six elements should be addressed during the design of the organization’s structure: work specialization, departmentalization, chain of command, spans of control, centralization and decentralization. These components are a direct reflection of the organization’s culture, power and politics.
Group 6 Strategic Management Strategic management is the process where organization managers reach the goals and aspirations of the organization on behalf of its owners. This is done through formulation and implementation of ways and methods to fulfill the organizational goals and objectives (Brian, 2011). This is done with in-depth consideration of both the internal and external environments that the organization operates in, in order to allow the organization to make the right decisions. Strategic management is an important element that firms must put together through strategic thinking as well as strategic planning (Nag, R., Hambrick & Chen, 2007). In order for a firm to compete within its industry, it must plan and relate to the industry dynamics, determine its strengths and weaknesses before determining the best way to match and overcome competitors.