1. What type of departmentalization is being used? Explain your choices. The types of departmentalization being used are: a. Retail Expert- Retailing is the last phase/stage of any economic activity where you sell the product or service to the end consumer. B. Administrative- The people involved in the process or activity of running a business‚ organization‚ etc. c. Manufacturing- The process of converting any kind of materials‚ components‚ or parts into finished goods that meet a customer’s
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Why is organizational structure important to organization? What does an organizational chart shows? Organizational structure is very important to an organization. An organizational structure should enable the organization to change or to respond according to its environment. If it is very effective it is called a flexible structure. Mainly there are two types of structures. They are organic structure and mechanistic structure. Organic Structure – an organizational structure that is free flowing
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Functional structure is departmentalization around specialized activities such as production‚ marketing‚ and human resources. Divisional structure is departmentalization that groups units around products‚ customers‚ or geographic regions. Matrix structure is an organization composed of dual reporting relationships in which some managers’ report to
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Chapter 9 Strategic Management 1) A business model describes how a company is going to make money. 2) The first step in the strategic management process is analyzing the external environment. 3) Evaluating an organization’s intangible assets is part of conducting an internal analysis in the strategic management process. 4) Activities that an organization does well or resources that it has available are called capabilities. 5) When conducting a SWOT analysis‚ threats are activities the organization
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Society » 1. Education Organic Structure Vs. Mechanistic Structure Published December 28‚ 2007 by: Les View Profile | Follow | Add to Favorites More:Organizational StructureGroupthink Implementing a new sales process will take time and dedication. With our company utilizing the same processes for so long we are bound to see some types of resistance when change is implemented. Organizational structures can be sorted between organic and mechanistic. Organizational cultural also plays
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Knowledge Based Theory of the Firm by R.M. Grant Assumptions * Firms apply knowledge to the production of good and services * Knowledge is the most strategically important of a firm ’s resources * Knowledge is created and held by individuals‚ not organizations * Firms exist because markets are incapable of coordinating the knowledge of individual specialists. This is the role of the management within a firm. Coordination of Specialized Knowledge While organizational theory
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| |Vigilance administration in banks has assumed added importance these days in the wake of recent fraud case in the Citibank‚ Gurgaon (a | |private sector foreign bank). The gigantic proportions to which the amount has gone up beyond Rs.300 crore is mind - boggling. Needless to | |mention here that the Citibank is a bank which has international character‚ has well laid down systems and procedures‚ is totally | |technology savvy bank and there are lot
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of his work. A mere position paper that indicates that he is an employee in not tantamount to evidence Illegally dismissed-two reliefs 1. Backwages‚ 2. Reinstatement Citibank vs CA Facts: Citibank and el toro security agency (el toro) entered into contract for the latter to provide security to the premises of the bank. Citibank renews the contract evry year. However on 1990 the bank notified EL toro that the bank would not renew anymore the service agreement and instead hired another security
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the customers’ specific question‚ and he had no qualification and business handling capabilities to solve complex issue. This follows EOPT theory because there is a lack of fit between people and tasks. Whereas having no job description and departmentalization in the organization resulted in the
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Citibank Case Questions: 1) Should Citibank launch the card product? Why or why not? 2) Given its upscale customer base‚ how should Citibank position its card‚ if it decides to launch it? 3) Which countries should Citibank enter first? Which countries should it avoid? 4) If you choose not to introduce the card‚ what would you do to achieve the $100 million earnings target by 1990? What kind of branch banking products should the bank offer? L’OReal Case Questions: 1) What is Beauty Product
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