The organization structure of a company, and how the structure helps to formulate strategy for achieving the organization goals and objectives
Prepared by: Mashuk Anadil Shams 26/11/2013
Abstract:
The purpose of this report is to provide an overview of the organization structure, and the goals and objectives of the chosen company and see how that structure plays a part in the formulation of strategies which aid to achieve those goals and objectives.
1.1 Introduction:
The organization that has been chosen for this report is Walton Hi Tech industries Ltd( Walton HIL). Walton is a Bangladeshi manufacturing industry that specializes in the production of smartphones, home appliances, LED television sets, Generators, microwave ovens, refrigerators, cooking utilities, air conditioners, Dvd players, and motorcycles for the local Bangladeshi market, as well as the south Asian market. The company has a strong research and development division and the latest manufacturing techniques and equipment for which, the products are of a high quality, but also at a very competitive price point.
1.2 Organization goals and objectives of Walton:
The ultimate goal of Walton HIL Ltd is to take its place among the top consumer electronics, Automobile, and home appliance industries in the world by 2015. Previously, it had been thought that consumer products
References: Showkat, A (2012) Walton will be global brand by 2015,[online], available from: http://www.daily-sun.com/details_yes_29-01-2012_Walton-will-be-global-brand-by-2015_40_1_3_1_29.html [accessed 28 November 2013] Rising bd, n.d, Walton Bangladesh: A Brief History,[online], available from: http://www.risingbd.com/english/detailsnews.php?nssl=5c572eca050594c7bc3c36e7e8ab9550&nttl=15012013743 [accessed 28 November 2013] Walton, n.d, Walton at a glance,[online], available from: http://www.waltonbd.com/index.php?route=information/information&information_id=4 [accessed 28 November 2013] W. Chan Kim, and Ren’ee Mauborgne(2009), how strategy shapes structure[online], available through: http://hbr.org/2009/09/how-strategy-shapes-structure/ar/1 [accessed 1 December 2013]