strategic evaluation of business
Williamson, D., (2004) defines “an organization has a collection of resources combined together to transform inputs into outputs”. He further stated that “organizational structure is the framework designed to facilitate communication and coordination between members of the organization”.
Structures within the organization are dependent and non dependent variables which no longer occupy the center stage in the study of organizations, but are now important elements of organizational theory (Donaldson, 1995; Kalleberg et al., 1996).
According to Edward, R. M (2013), organizations can be likened to human beings due to their reactions and interactions with the social, economic, cultural and institutional forces of the environment which shapes, influences or constrains their actions.
Structure of an Organization combines different ways in which labour is divided into distinct tasks to achieve coordination among the different business units.
The Business dictionary defines organization structure as the framework through which roles, power and responsibilities are assigned, controlled and coordinated across the different levels of management and this depends on the objective of the organization.
The success of an Organization depends largely on the ability of the various entities within the organization align together to achieve the long term goals set by the stakeholders.
For the purpose of the discussion, I will analyze the organizational structure of Guaranty Trust Bank Plc. The company was incorporated in 1990. Please find below the organogram of the company: Figure 1. Organogram of Guaranty Trust Bank, Nigeria.
The Bank was incorporated by 2 founding owners, who were the 1st set of management team of the organization;
Henry Mintzberg states that there are 5 basic parts which are related to basic functions:
1. Operation Core: GTBank from inception had 2 set of staffing, namely the full or permanent staffs and the temporary or contract staffs, recruitment
Structures within the organization are dependent and non dependent variables which no longer occupy the center stage in the study of organizations, but are now important elements of organizational theory (Donaldson, 1995; Kalleberg et al., 1996).
According to Edward, R. M (2013), organizations can be likened to human beings due to their reactions and interactions with the social, economic, cultural and institutional forces of the environment which shapes, influences or constrains their actions.
Structure of an Organization combines different ways in which labour is divided into distinct tasks to achieve coordination among the different business units.
The Business dictionary defines organization structure as the framework through which roles, power and responsibilities are assigned, controlled and coordinated across the different levels of management and this depends on the objective of the organization.
The success of an Organization depends largely on the ability of the various entities within the organization align together to achieve the long term goals set by the stakeholders.
For the purpose of the discussion, I will analyze the organizational structure of Guaranty Trust Bank Plc. The company was incorporated in 1990. Please find below the organogram of the company: Figure 1. Organogram of Guaranty Trust Bank, Nigeria.
The Bank was incorporated by 2 founding owners, who were the 1st set of management team of the organization;
Henry Mintzberg states that there are 5 basic parts which are related to basic functions:
1. Operation Core: GTBank from inception had 2 set of staffing, namely the full or permanent staffs and the temporary or contract staffs, recruitment