What is “functional product”‚ and what is “innovative product?” We can use the nature of product demand to classify whether a product is a functional product or an innovative product. With different product characters‚ supply chain management method that managers should choose will also be varied. Functional products are products that people buy in wide range of retail outlets‚ and those products have more stable and predictable demand‚ as well as long life cycles. For example‚ most of
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Benefits & Disadvantages of a Functional Organizational Structure The functional organizational structure groups employees according to broad business activities‚ resulting in departments such as finance‚ marketing and production. These departments might be further divided‚ depending on a company’s size and needs. Departmental managers supervise a wide base of employees below them. These managers are in turn supervised by more-powerful managers‚ who answer to one powerful boss‚ perhaps a CEO
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(public limited company)‚ which utilises the “functional structure”. Functional – The functional structure is an organisational structure type which sees the business’s employees’ grouped depending on their hierarchical rank within the business‚ said employees will be managed via strict lines of authority‚ and everyone within the business will ultimately report to a single person‚ typically the CEO (chief executive officer). A business which uses the functional structure is set up as to allow each portion
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MKT 121: Customer Service Question 2: Summarize the advantages and disadvantages of Web-based customer service. The internet has become the new path for providing customer assistance‚ providing a space for searching and shopping. As the technology is develops‚ clear advantages and disadvantages to customer service relationships have presented itself. One of the advantages of a website include increased exposure‚ with the ability reach customers on a global level. The web provides the
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Cisco Business Councils (2007): Unifying a Functional Enterprise with an Internal Governance System Harvard Business School June 11‚ 2010 Ranjay Gulati Synopsis In August of 2001‚ just months after Cisco System reported its first loss a a public company ($ 2.7 billion)‚ John Chambers‚ president and CEO‚ announced a major restructuring that would transform Cisco from a decentralized operation organized around customer groups to a centralized one focused on technologies. This restructuring
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Factors Affecting Organizational Design Although many things can affect the choice of an appropriate structure for an organization‚ the following five factors are the most common: size‚ life cycle‚ strategy‚ environment‚ and technology. Organizational size The larger an organization becomes‚ the more complicated its structure. When an organization is small — such as a single retail store‚ a two-person consulting firm‚ or a restaurant — its structure can be simple. In reality‚ if the organization
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Chapter 10 Organizational Structure and Design True/False Questions DEFINING ORGANIZATIONAL STRUCTURE 1. Organizational design is the organization’s formal framework by which job tasks are divided‚ grouped‚ and coordinated. (False; difficult; p. 266) 2. Organizational structure is the degree to which tasks in an organization are divided into separate jobs. (False; moderate; p. 266) 3. The concept of work specialization can be traced back a couple of centuries to Adam Smith’s discussion
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Contents Page Design Situation……………………………………………………………………………………………………………………2 Design Brief…….……………………………………………………………………………………………………………………2 Limitations……………………………………………………………………………………………………………………………3 Design Specification…………………………………………………………………………………………………………..4‚5 Existing Products……………………………………………………………………………………………………………….6‚7 Justification of Existing Products.………………………………………………………………………………………….8 3 Design Ideas………………………………………………………………………………………………………………………9 Design No.1……………………………….……………………………………………………………………………………9
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Almost all banks have a wide variety of products to offer to the customers. There are regular transaction between the customer and the bank and therefore many notifications and records‚ that are required by both the bank and the customer for their satisfaction there are many requests that a customer makes that the bank has to oblige and thus keep records of the same in order to refer to them when ever required. It therefore goes with out saying that the banking sector any where in the world has
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Summary Basic Challenges of Organizational Design Basic Challenges of Organizational Design Differentiation:- It is the process by which organization allocates people and resources to organizational task and establishes the task and authority relationships that allow the organization to achieve its goals. Organizational Roles An organizational role is a set of task-related behavior required of a person by his or her position in an organization. Organizational structure is based on a system of interlocking
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