...Organisational structure Organizational structure refers to both the formal and informal frameworks that shape how a business is operated. An organization structure determines how employees are grouped together and plays a large role in a firm’s success. Choosing a structure is not a one-size-fits-all decision, and business owners must select the model that best suits the needs of their organization. Traditionally, many organisations have been in the form of a Pyramid structure. Most responsibility lies at the top and there is more staff at the bottom with less responsibility. There is a hierarchy, and staffs know their position within the organisation. Hierarchies have tall and flat structure Tall organisation Tall organizational structure is one which has many levels of hierarchy. In these organizations, there are usually many managers, and each manager has a narrow span of control, they are in charge of only a small group of people. Tall structures tend to be more complicated and complex, and may be slower to respond to market changes than organizations where managers have a larger span of control. Employee satisfaction may be lower in a tall organization because of the many layers of bureaucracy and rigid rules. Tall organizations may face higher costs than in other types of business structures. One reason for this is the large number of managers and supervisors required in a tall structure. Advantages: There are various advantages of tall organizations. *...
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...U05A1 Atha Executive Plan Human Resource Functional Area Accounting and Finance Functional Area Debra Marzett Instructor: Crystal Neumann Spring Quarter 2013 BUS3011 May 10, 2013 CONTENTS Executive Summary 4 Purpose Statement 5 Human Resource 5 Accounting and Finance 5 Goals and Activities 6 Human Resource 6 Accounting and Finance 7 Organizational Structure 8 Human Resource 8 Accounting and Finance: 9 Interview Questions 10 Human Resource Generalist 10 Accounting and Finance Analyst 11 Performance Standards 12 Human Resource 12 Accounting and Finance 13 Conclusion 14 References 15 Appendix I 16 a. Strategic Alignment Worksheet: Human Resource 16 1.0 Goals and Activities: 16 2.0 Interview Questions: 17 3.0 Purpose Statement: 18 4.0 Performance Standards: 18 b. Strategic Alignment Worksheet: Accounting and Finance 19 1.0 Goals and Activities 19 2.0 Interview Questions: 20 3.0 Purpose Statement: 20 4.0 Performance Standards: 20 Appendix II 22 a. Human Resource Organizational Chart: 22 b. Accounting and Finance Organizational Chart 23 Executive Summary The project is an executive plan prepare for Atha Corporation owner Mary Atha whose goal is to double the company’s sales in the next year. There is an overview of the Human Resource, Accounting, and Finance functional areas purpose statement and how each promotes trust, motivates, and supports collaboration. Incorporated in the plan is the evaluation of how the purpose, relevance, planning, decision-making and organizing influences...
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...different departments in the company work together, and how they have developed overtime with the growth of the company. McDonalds is one of the biggest fast-food chains in the world, they have been running since 1974 and currently operate around 1,200 restaurants in Britain and Ireland alone. On their website they express their interest in serving quality food that their customers can trust. However, they do go on to discuss about how highly they prioritise their relationship with suppliers, franchisees and employees. They also talk about how they are firm supporters in British Agriculture, and choosing to use only British suppliers in their restaurants in Britain. They employ over 91,000 employees in their restaurants and invest over £40 million a year into training and development of staff. Because McDonalds is such a big business, they have many different parts and departments, such as accounting, marketing, operations and human resources. We know that this type of structure is working for McDonalds because of all their success in the past years. McDonalds has been producing a revenue of over $25 billion for the past 5 years, which is an incredible amount for any business around the world. This means that the business has managed to link all departments together in their business, which then allows them to work efficiently throughout the business and get all the work done that is needed to. This once again shows that the business is suited to and needs a hierarchy structure...
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...MacDonald's McDonald's fast-food restaurants departmentalize varying elements of their operation to optimize efficiency. This structure is divisional, meaning each specific company operation is segmented (for example, operations, finance/accounting, marketing, etc.). Here is McDonald's corporate organizational structure: Career orientation Managers are career professionals, not owners of units they manage. * Giving training courses to new employees. * Giving workshops. * Good managers hire the new employees and giving them a training period which let them become familiar with the company and their positions. * Some employees prefer to work individually and others prefers to work in groups so this is very important point that managers should take it very seriously in order to get a high quality work from the new employee. * Managers must help new employees to take the Oath of employment and familiarizing them with the organization's occupational safety and health program. Division of Labor: jobs broken down into simple, routine and well-defined tasks. * HR department * Marketing department * Accounting department. * Customer service department. * Sales department. * Maintenance department. * The division of labor can lead to estrangement and less satisfaction in the workforce. * Medical registration records division. * In a division of labor, the production is broken down into a several stages. * A divisional...
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...Introduction Many companies set out to be the best in the field that they are in. The Riordan Manufacturing Company is no different. They have set high goals to be the leaders in their industry and have strong strategic planning to help back this up. They are a company strives to put their people and consumers first and by doing so have been able to be leaders in their industry. They have a clear mission and vision of what it will take to be the best and have strived to be leaders in their field in all aspect of their business. The Riordan Company is built their reputation on good customer service and doing what it takes to have great employees that are all working for the same thing. Mission and Vision The Riordan Company has set them up for success by understanding what it will take to be leaders in their field. They feel that strong business values are important and they are striving to reach the goals they have set forth for themselves. Being a global plastics manufacture can be a tough business to be in and to be successful the Riordan Company realizes that then need to use tools such as six sigma to help them out in problem solving as well as business decisions making. They have set standards such as meeting or exceeding the ISO 9000 standards for great business practices to insure that the products they put out will be the best on the market. They have a strong R-Dbase to help them have the latest and greatest products out on the market. They understanding the importance...
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...Explaining Basic Accounting Concepts and Business Structures ACT/537 January 9, 2012 Explaining Basic Accounting Concepts and Business Structures A solid understanding of basic accounting is arguably one of the most essential skills future businesses leaders require for success. The business world operates to make a profit, and in order to do so, managers must understand the numbers. Managers from marketing, production, management, or information systems should each understand fundamentals of accounting and business structures to be more effective in their respective departments (Kimmel, Weygandt, & Kieso, 2007). In an effort to help facilitate this understanding the following paper will attempt to identify and describe sources of generally accepted accounting principles, (GAAP) with a highlight on why hierarchy is important, describe effective accounting information using the qualities of accounting information, describe how an accrual based accounting system is different from a cash basis of accounting, and describe types of business structures and the defining features of each structure. Sources of GAAP An essential accounting concept business managers should understand is the hierarchy of the GAAP. GAAP are common accounting procedures that organizations use to prepare their financial statements. The standards outlined by the GAAP are the basis for accounting in the United States (Pounder, 2011). It is essential managers understand the GAAP hierarchy as they are...
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...operational, technical, and economic feasibility areas that are examined in the SDLC analysis phase summary of the main points of the entire paper. Service Request Riordan Manufacturing placed a service request for all locations to review existing business systems. All areas within the organization are using various business systems; all of which represent challenges. The organization needs to identify problem areas and integrate solutions. The current systems differ at each location creating compatibility issues; the Michigan plant's application system developer is no longer in business leaving no access to updates or troubleshooting. San Jose accounting application contains no source code eliminating the ability to modify the program. Scope Riordan Manufacturing has many issues regarding their Finance and Accounting department. Although they have implemented some basic components to each system that include: General ledger; Accounts Payable; Accounts Receivable; Order Entry; Procurements; Sales and Purchasing History; Invoicing and Shipping; Payroll; Financial Reporting; EDI; Bar Code Reading; and EDSS (Executive Decision Support System), the EDI, Bar Code Reading,...
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...[Chapter 1] 1) List and explain the types of product. A product is a thing that can be offered to a market or consumers that might satisfied a want or needs. Profit can be earned by providing product to market in business. Products can be in the form of two types that is tangible and intangible products. ← Tangible products The meaning of tangible products is the things that can be feeling by fingertips, smell by nose and see by eyes. The simplest way to explain what tangible products are the things that is physical existence. Example: Ice-cream, vehicles, house, hand phone and television. ← Intangible products Intangible products are the things that are incapable of being touched; it comes in a form of services provided to consumers. Example: Car wash, repairing electronic things, performances and medical check up. 2) What is Strength- Weakness- Opportunity- Threats (SWOT) analysis? Explain detail about the SWOT analysis. SWOT analysis is a strategic planning method used in a project or in a business venture. It involves specifying of the business ventures and identifying the internal and external factors that are favorable and unfavorable to achieve that objective. A SWOT analysis must first start with defining or objective. SWOT analysis is known by Worldwide and has been the subject of much research. This is what SWOT stand for: ▪ S- Strength: -The stability of a product in next 5 years. -The...
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...structure, in an attempt to achieve maximum proficiency, the CEO implemented a circular structure to create a non hierarchal organization so information could flow freely between the organization and its environment. However employees could not relate to the circular structure. The circular structure confused current and new employees because it lacked clarity as to who made decisions; employees didn’t know how they were being evaluated. It did not improved customer service or the view employees had of the customer. The Horizontal structure was nonresponsive with regards to employees and it was inadequate. What was needed was the ability to control all departments of the company. Innovative structures would not work. Apex needed to return to traditional business management of the Hierarchical Functional Structure. Hierarchy protects subordinates by clearly outlining chains of command. What a superior can and cannot do, and where his authority has power is delineated in hierarchical structures. This allows the subordinate some level of power to stop interference by an unauthorized superior. An advantage for subordinates within the...
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...Functional Areas of Business Paper Sandra Canaba MGT/521 March 09, 2015 Leonard Shelton Introduction The functional areas of business are classified as departments where each unit performs similar tasks and activities. The employees in these departments usually possess common skills or expertise to be able to carry out these activities proficiently. Some basic examples of departments, that most businesses have, are Finance, Sales & Marketing, Administration, Human Resources, and Operations. Functional managers head these departments, who have the role and responsibility to plan, organize, direct, and control their department to be able to achieve their department objectives. Who are managers and what they do? “Manager is someone who uses authority and reason for efficient and effective problem solving and to mobilize, coordinate, and control organizational resources by the use of standardized procedures that are a part of organizational policy” (Prevodnik, M., & Biloslavo, R., 2009, P.87). As we know, a manager is a person who uses all management functions such as planning, organizing, leading, and controlling to perform business functions successfully. The roles of a manager include directing, overseeing and leading resources of the organization towards objectives created by the organization and then sub-divided for each function. He is responsible for evaluation of performance and execution out activities, controlling deviations and implementing contingency...
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...National Bank Limited at a Glance: With a vision to become the bank of choice and to be the most valuable financial brand in Bangladesh, National Bank Limited Ltd. (NBL) began its journey in 1983. NBL is the first private bank in Bangladesh. Over the years NBL has established itself as a leading private commercial bank in the country with undisputed leadership in Corporate Banking and a strong Consumer and SME growth engines. NBL’s ambition is to be the number one financial services provider, creating lasting value for its clientele, shareholder, and employees and above all for the community it operates in. Bangladesh Banking Sector has grown from strength to strength over the past one decade and is fiercely competitive, especially in the Consumer Banking segment. NBL offers a wide range of depository, loan and card products to cater virtually for every customer segment. From Student Banking to Priority Banking to Platinum card NBL has almost all banking products in its repertoire. The product basket is rich in content featuring different types of Savings & Current Accounts, Personal Loans, Debit Cards, Credit Cards, Pre-paid Cards, Corporate Banking, SME Banking, Investment Banking, Treasury & Syndication services. The customers are served through a network of 144 Branches, Several ATMs. NBL has its presence in almost all cities/towns in the country. NBL is known for its product innovation in the market. During the past five years, NBL introduced 12 new-to-Bangladesh...
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...Functional Area of Business Manager Role within Functional Area of Business Shyam Sunder Bansal MGT/521 July-28, 2014 Sandra Griffin Manager Role within Functional Area of Business Business functional areas are nothing but departments, teams or divisions where each unit performs similar tasks and activities carried out by employees possessing common skills and expertise. For example: Finance, Sales & Marketing, Administration, Human resource, Production, Legal and Research. Though all business performs all activities and actions for performance but big organization normally have a separate function for concentration of typical activities. Functional managers head these departments, who have role and responsibility to plan, organize, direct and control department/division or team to achieve department objectives and finally organizational objectives. Who are managers and what they do? “Manager is someone who uses authority and reason for efficient and effective problem solving and to mobilize, coordinate, and control organizational resources by the use of standardized procedures that are a part of organizational policy” (Prevodnik, M., & Biloslavo, R., 2009, P.87). As we know that Manager is a person who uses all management functions like Plan, Organize, Lead and Control to perform business functions successfully. The roles of manager include directing, overseeing and leading resources of the organization towards objective led by organization and then sub-divided...
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...Manager Role within Functional Area of Business Maria-Camarin Borja MGT/521 March 05, 2015 Valerie Richardson Manager Role within Functional Area of Business “Good management is the art of making problems so interesting and their solutions so constructive that everyone wants to get to work and deal with them.” – Paul Hawken (Good Reads", 2015) Business functional areas are nothing but departments, teams or divisions where each unit performs similar tasks and activities carried out by employees possessing common skills and expertise. For example: Finance, Sales & Marketing, Administration, Human resource, Production, Legal and Research. Though all business performs all activities and actions for performance but big organization normally have a separate function for concentration of typical activities. Functional managers head these departments, who have role and responsibility to plan, organize, direct and control department/division or team to achieve department objectives and finally organizational objectives. Who are managers and what they do? “Manager is someone who uses authority and reason for efficient and effective problem solving and to mobilize, coordinate, and control organizational resources by the use of standardized procedures that are a part of organizational policy” (Prevodnik, M., & Biloslavo, R., 2009, P.87). As we know that Manager is a person who uses all management functions like Plan, Organize, Lead and Control to perform business functions...
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...Organizational Structure The organizational structure of a business depicts its hierarchy, strategy, and efficiency. Every business has a personalized form of organizational structure; whether it is, conventional, functional, divisional, matrix or network. Understanding a business's division of labor and areas of specialization (such as marketing, finance, human resources, and operations) reveal how the business is structured and influenced. And the organization's design (such as geographic, functional, customer-based, product, services, etc…) helps determine the structure which best suits a company for optimum effectiveness. Every organization has a structure. A conventional organization consists of tiers, like in a pyramid, this also showing its structure and hierarchy. The top is a president or CEO, moving downstream by finance, research and development, marketing, and personnel, then working its way down the corporate ladder to the different types of division or labor, which breaks the workers into different specializations (Bateman & Snell, 2011, p. 277). Google Internet company has a vertical structure for its organization consisting of executive officers, then senior leadership, followed by the board of directors. Google Internet Company has three main authorities, which according to Bateman & Snell, "have the legitimate right to make decisions and to tell other peo0ple what to do" (2011. P. 278). Google's executive officers consist of Larry Paige and Sergey Brin, who...
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...distinct purpose. My employers purpose at Sanofi Pasteur is formulate, fill, inspect, and package vaccines. The motto of the company is that we may live in a world where no one suffers or dies from a vaccine preventable disease and that is what the company focuses on. There are constantly new trials and on going research for new vaccines, improving the ones we already have, and expanding our reach to the world. Some diseases that we prevent with our vaccines are Influenza, Tetanus, Meningitis, Yellow Fever, Pertussis, and Dengue Fever. In order for a company that is so large and influential to be successful, the organizational structure of the company must be strong and clear. Sanofi Pasteur operates within a vertical structure. The hierarchy is run from the board of directors, to the CEO and president, to top level managers, mid level managers, and lower level managers. The company just named a new CEO to start on April 1st, 2015 after removing the previous CEO. The board, CEO, and president operate the company from France, not on our actual production campus. On campus we have the president of Industrial Operations who oversees major decisions that happen on campus. There are also a few other top-level managers and mid level managers on campus. In production, we interact with our lower level managers each day and they oversee decisions that need to be made on the production floor. Sanofi Pasteur may also be seen as a functional organization structure. A functional...
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