MGT 230 LDale WK4 Organizational Structure
Organizational Structure
Latoya Dale
MGT/230
October 28, 2014
Chenise Hamilton
Organizational Structure
Organizations are set up in specific ways to accomplish different goals, and the structure of an organization can help or hinder its progress toward accomplishing these goals. Organizations large and small can achieve higher sales and other profit by properly matching their needs with the structure they use to operate. The three main types of organizational structures are functional, divisional, and matrix structure. Organizations have to pick the structure that will work well with their company. These things do not come all at once overnight, companies have to try and see what works for them.
Structure
Caesars’ Entertainment has developed the functional structure. “Functional structure is set up so that each portion of the organization is grouped according to its purpose. In this type of organization, for example, there may be a marketing department, a sales department and a production department.” (Writing, 2014) While every department within the organization is responsible for themselves, they must all work together to make sure the business is successful. The CEO of Caesars’ Entertainment has appointed regional presidents because they are familiar with a specific area. The regional presidents are responsible for targeting the correct market. “Organizational structure provides guidance to all employees by laying out the official reporting relationships that govern the workflow of the company.” (Ingram, 2014)
Functions
It has been established that a billion-dollar industry cannot function with only one person making the big decisions. Caesars’ Entertainment has acquired casinos in different parts of the world. In order for the company to be successful, the CEO has to have people on his team that he can trust to lead the industry into the right direction. Mr. Loveman has appointed a Regional President for every division. At every property,
Latoya Dale
MGT/230
October 28, 2014
Chenise Hamilton
Organizational Structure
Organizations are set up in specific ways to accomplish different goals, and the structure of an organization can help or hinder its progress toward accomplishing these goals. Organizations large and small can achieve higher sales and other profit by properly matching their needs with the structure they use to operate. The three main types of organizational structures are functional, divisional, and matrix structure. Organizations have to pick the structure that will work well with their company. These things do not come all at once overnight, companies have to try and see what works for them.
Structure
Caesars’ Entertainment has developed the functional structure. “Functional structure is set up so that each portion of the organization is grouped according to its purpose. In this type of organization, for example, there may be a marketing department, a sales department and a production department.” (Writing, 2014) While every department within the organization is responsible for themselves, they must all work together to make sure the business is successful. The CEO of Caesars’ Entertainment has appointed regional presidents because they are familiar with a specific area. The regional presidents are responsible for targeting the correct market. “Organizational structure provides guidance to all employees by laying out the official reporting relationships that govern the workflow of the company.” (Ingram, 2014)
Functions
It has been established that a billion-dollar industry cannot function with only one person making the big decisions. Caesars’ Entertainment has acquired casinos in different parts of the world. In order for the company to be successful, the CEO has to have people on his team that he can trust to lead the industry into the right direction. Mr. Loveman has appointed a Regional President for every division. At every property,
References: Ingram, D.,(2014) Why is organizational structure important Retrieved from http://smallbusiness.chron.com/organizational-structure-important-3793.html McGowan, R., (20040 Enacting the Environment: Organization Persistence and Change Retrieved from http://av4kc7fg4g.search.serialssolutions.com.ezproxy.apollolibrary.com/?ctx_ver=Z39.88-2004&ctx_enc=info%3Aofi%2Fenc%3AUTF-8&rfr_id=info:sid/summon.serialssolutions.com&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Organizational+design&rft.jtitle=Public+Administration+Review&rft.au=McGowan%2C+Robert+P&rft.date=1980-01-01&rft.pub=American+Society+for+Public+Administration&rft.issn=0033-3352&rft.eissn=1540-6210&rft.volume=40&rft.issue=1&rft.spage=86&rft.externalDBID=n%2Fa&rft.externalDocID=1472510¶mdict=en-US Johnson, S.,(2014) Benefits & Disadvantages of a Functional Organizational Structure Retrieved from http://yourbusiness.azcentral.com/benefits-disadvantages-functional-organizational-structure-9556.html Writing, A., (2014) Different types of organizational structure Retrieved from http://smallbusiness.chron.com/different-types-organizational-structure-723.html