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Understand strategy formulation and implementation
Hierarchial organizational structure
Understand strategy formulation and implementation
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All Businesses must have an organizational structure in order to function efficiently and correctly. Whether the business is big or small, organization is one of the major keys to success. Organizational structures may come in all shapes and sizes. Best Buy Co. is a great example of a large business that has a solid organizational structure and it shows how being organized can take your small mom and pop type business and grow it into the retail giant it is today.
When you first examine the organizational structure of Best Buy Co. it can be a bit confusing. Though the company is one big organization, it has many smaller sub organizations, for example Geek Squad and Best Buy Mobile. Though they are one company Geek Squad offers computer repairs as well as computer and home theater installations and trouble shoots, and Best Buy Mobile offers cell phones, while Best Buy as a store sells electronics. The Best Buy Co. organizational structure appears to be a hybrid of a functional and a divisional structure. The store is setup with different departments and each department has a lead or a supervisor that is in charge of meeting sales and financial goals. Above the department supervisors, there is a sales manager and then a general manager that is in charge of everything and everyone in that retail location. That is the part that is more of a functional structure. The divisional structure comes in the separate sub organizations. Best Buy Mobile, though it is in the same retail location most of the time, has its own separate budgets, and sales goals, its own payroll allocation and manager, making Best Buy Mobile a separate entity within the store (Best Buy Co. , 2011).
With a functional structure, bottom level sales employees report to...
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...t bring as much profit. If the marketing department is big enough, it may even be assigned its own organizational structure, with its own chain of command that is only specific to that department.
Organizational design helps determine which structure best suits the organizations needs by showing the company where its flaws are and allowing the company to adapt and fix its’ deficits. For a big company like Best Buy it seems the best choice for an organizational structure would be a hybrid or matrix structure. The company is so huge and has so many departments, it may take a couple of different strategies and ideas to keep the company running efficiently and profitable. Also, an organizational structure that works in one area may not always be the best for another are. Companies must find organizational structures that are efficient financially but also productively.
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
I had the opportunity to take the 16 Careers Cluster Inventory. I found the assessment very easy to take. As well, I found the inventory easy to score. My results of the assessment indicated my top three career areas were: 1. Educational and Training, 2. Health Sciences, and 3 had a three way tie between Human Services, Hospitality, and Law enforcement. I found the assessment to be dead on. Based upon the past personality inventories that I have taken I found the suggested areas very appropriate. One of the appealing aspects of the inventory was the easy of taking it! It seemed to gather accurate information without being overly pathological and test-driven.
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
Best Buy Corporation, which has its headquarters at Richfield, deals with products varying from home appliances, to PCs and numerous personal electronics. Best Buy's mission is to make technology deliver on its promises to customers.
This type of organisational structure has many levels of management. The organisational structure has been structured according to its own function i.e. marketing, finance, human resources and sales. This is known as a functional organisation. The hierarchical organisational structure of Wednesbury IKEA is very similar to a tall organisation structure.
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.
To compare with Siemens, Hitachi has all the character that divisional structures have, and they increase efficiency of usage resource and effectiveness of organization. Both divisional and matrix structures allow segment focus on a single product or service, and provides unlike services to different cultures and backgrounds’ customers with a leadership structure to support major business strategies, but it may will generate business fail because of each section hold a great sense of authority and hard to coordinate other
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 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.
Tiffan, B. (2009). Strategies for Tapping into Your Potential-Part 2. Physician Executive , 35, 80-84.
Kemp understood if a specific well planned organizational structure is in place, an organization can operate more effectively and efficiently, thereby attaining greater profits. There is a step-by-step methodology which is considered when designing a company’s organizational structure to ensure a competitive advantage (Robbins & Coulter,...
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.
Organization is the function of assembling and coordinating human, financial, physical, informational and other resources needed to achieve goals. Without this function, my business would have folded in the first week. I have midlevel managers to gather together my employees, and discuss the plans for the week. Specific shoe styles must be displayed and organized in a certain order. Information must be disseminated to our marketing team so they know who we are targeting and what steps to take to increase our visibility and productivity. Organizing is not something just one person can do alone. For this function to work, it will take the entire team to pull together for us to triumphant.
My ideal career would allow me to do something that interests me. I enjoy working with words and with numbers. I've also had success in the areas of technology and customer service.
Most organizations fall under one of three organizational designs: simple structure, bureaucracy and matrix structure. The organizational design of a company suggests who makes executive decisions and how they are enforced. The organizational design is typically decided based on the size of the company and market place.