1. Per the textbook, there are many possible structures that an organization can adopt. Give your opinion on the significant ways that an organization's structure affects the organization's ability to adapt to strategy initiatives. Provide a rationale and / or a real- world example to support your response.
2. Per the textbook, strategy is concerned with matching a ?rm's resources and capabilities to the opportunities that arise in the external environment. Resources sometimes can be a constraint to an organization. Speculate on the role of stakeholders in resource identification in order for value creation and establishing competitive advantage for an organization. Support your response.
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Organizational structure refers to the network of relationships among individuals and positions in an organization. It can be defined as established pattern of relationships among components of the organization. In business, what differentiates Small scale and Large-scale business is implementation of a formal organizational structure.
Organizational structure is important for any growing company to provide guidance and clarity on specific human resource issues, such as managerial authority. Small-business owners should begin thinking about a formal structure early in the growth stage of their business. Another significant way Organizational structure affects the ability to adapt to strategies initiatives is that it provides guidance to all employees by laying out the official reporting relationships that govern the workflow of the company.
A formal outline of a company's structure makes it easier to add new positions in the company, as well, providing a flexible and ready means for growth. Without a formal organizational structure, employees may find it difficult to know who they officially report to in different situations, and it may become unclear exactly who has the final responsibility for what.
Organizational structure improves operational efficiency by providing clarity to employees at all levels of a company. By paying mind to the organizational structure, departments can work more like well-oiled machines, focusing time and energy on productive tasks.
A thoroughly outlined structure can also provide a roadmap for internal promotions, allowing companies to create solid employee advancement tracks for entry-level workers. The different types of structure an organization can adopt are: Flat Organizational Structure: There are relatively few layers of management in what is termed a flat organizational structure, in this set up, employees at all level are empowered to make decision that will affect the organization. Decision making is quick.
Secondly, the Tall Structure: There are numerous layers of management in a tall organizational structure, and often inefficient bureaucracies. In a tall structure, managers make most operational decisions, and authority must be gained from several layers up before acting.