Management considers various factors such as the goals and strategies of the firm, its size, and the structure of its competitors before choosing the right structure for a company. ) a) True ) b) False
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- a. Describe the nature of business organization?b. Identify common business functions in an organization?c. Identify common business processes in an organization?Sarah wants to develop an organizational structure for the business she is willing to establish. Therefore, she needs to be mindful of the and of the staff she is willing to employ. * Experience; age; academic qualifications Roles; responsibilities; authority Names; age; gender IQ; general knowledge; skills AAA is a limited company who is willing to raise capital. However, it's looking for some kind of permanent capital which doesn't require to be paid back to the providers. What do you suggest? * Borrowing from friends Equity finance Bank loan Issuing debenturesAdvantages of the corporate form of organization include which of the following? Single taxation. O Unlimited liability. Greater access to capital markets. O Reduced start-up costs.
- Draw a possible organization chart with this information below (can use other companies charts as examples) From what I understand, CEO(?)President (ray)CIO (ben) Then there are 6 directors listed, but should there be more positions under these directors like other managers or staff that are supossed to be assumed?A firm’s sound business model can contribute significantly to the ability to sustain business in the long run. Nevertheless, there is never a one-size-fits-all approach as different organizations with relative traits and attributes would probably require different business models that work. In a tabular format (using a table), describe the business model for three different organizations, namely a typical brick-and-mortar fashion retailer, a click-and -mortar high-street fashion retailer like Zara, and a pure-play e-commerce store like Boohoo. You should include all EIGHT (8) components, but you may indicate “Not applicable” in case they are not relevant.B. You have been contacted by a friend who has just inhereited a his fatherconstruction company. He needs urgent professional help to properly structure the company.You are to advise him on an appropriate organisational structure to be implemented. Discuss the an appropriate organisational structure you will propose for him giving reasons and functions of the key roles and responsibilities.
- identify a company that is currently facing issues that you believe could be effectively addressed by using one of the management science tools or techniques that you have learned about in this course. This company could be one that you are personally familiar with or one that you have identified in the current business literature.Your Part A report should cover the following: Briefly describe the company you have chosen, its business, and the environment in which it operates. Describe the company stakeholders and the company mission statement core values. Describe and document the critical issues facing the company that you believe could be addressed by implementing one of the tools or techniques you have identified in this course. Describe the technology that you have chosen for implementation and justify your selection by considering factors such as (but not limited to):Potential benefits through the support of decision making, Acquisition, development, and implementation costs,…Changes in strategy lead to changes in organizational structure. Structure should be designed to facilitate the strategic pursuit of a firm, define elements of organizational structure.1. Corporation size, Employees. When a coporation type business has about over 4,000 employees what does that mean? Does it make the firm a lot more profitable or productive than the other corporations/competitors? Explain.
- Is a firm's organizational structure is a function of its mission and strategy? Why or Why not?describe each of the following management functions;1. Planning2. Organizing3. Leading/directing4. Controlling5. StaffingIt is generally assumed that all organizations exist for the same basic reasons and that this purpose is self-evident. However, there is extensive disagreement about what the current purposes of organisations are, and especially about what their purposes should be. Some people argue that it is the business of business to make money. In their view, firms are owned by shareholders and therefore should pursue shareholders’ interests. On the other hand, others believe that companies exist to serve the interests of multiple stakeholders. In their opinion, having a financial stake in a firm should not give shareholders a dominant position vis-à-vis other groups that also have an interest in what the organization does. Discuss in the context of the Shareholder Value versus the Stakeholder Values Perspective.