Mckinsley Framework And Pestle Analysis: Why People Work Together To Achieve Common Goals

Better Essays
1.Introduction Organization is an entity where people work together to achieve common goals (Daft, 2016). People in any organization strive to bind with each other through chain of command and assigned responsibility. Their interactions with each other define organizational structure. Organization structure differ in various ways and dependent on external and internal factors. To achieve organizational goal, it is important to give a single direction to all efforts. It is done by strategy formulation and implementation. Strategy formulation is based on external and internal analysis of organization. These analysis is done by SWOT, porter five forces, value chain, McKinsley Framework and Pestle analysis. These are renowned managerial tools …show more content…
It can be further explained with an example. An individual might find it difficult to take the piano upstairs. He may get stuck at one place all day long and somehow finish the work. However, it would cause delay. On the contrary, if few more people add in to help him out. The work could be carried out faster and quicker. Even though such teamwork is advantageous, if the people drag in distinct directions, it would go ahead and give counterproductive results. Consequently synchronization is necessary for every corporation and it is the essential role of …show more content…
This type of structure is chiefly used in the major multinational companies. The matrix structure permits for the advantages of functional and divisional structure to survive in one organization.
What are the reasons for these differences?
Size- Small or the businesses run from home don’t have a vast structure mostly because the owner of the business is accountable for all the tasks. The more the people working in the organization the more managers are required for controlling these individuals (Phillips & Gully, 2013). The extreme specialized business process may also need more formal organizational structure.
Life Cycle- The life cycle of the organization has an important role to play in the expansion of the organizational structure. The business that are attaining their peak performance usually tend to become more motorized in their organizational structure to improve the competence and the

You May Also Find These Documents Helpful

  • Better Essays

    Fail to Achieve Why People Their Goals m Most people claim to understand the importance of goal setting in order to attain a better life, but in fact, approximately 80 percent of people never set goals for themselves. This is especially prevalent among people who are not involved in some sort of business or entrepreneurial endeavor that promotes goal setting. Even more surprising, of the 20 percent of the population that does set goals, roughly 70 percent fail to achieve the goals they have…

    • 1453 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    Achieving Professional SMART Goals How to create an action plan and monitor your progress towards achieving SMART goals Oct 14, 2006 Joni Rose Learn a technique to map out an action plan to achieve professional SMART goals. This step-by-step approach creates the discipline and structure required to see results. To achieve a professional goal, start by creating a goal statement using the SMART goal setting technique. Once you have a strong goal statement, it is now time to create an action…

    • 516 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    CAF The Common Assessment Framework has been developed as part of the Every Child Matters strategy. Every Child Matters: Change for children is a new approach to the well-being of children and young people from birth to age 19 and is the government's response to the report into the death of Victoria Climbie - so that never again should a child ‘slip through the net' and be put in the way of abuse, harm, neglect or, as in Victoria's case, murder. This strategy is meant to encourage all the different…

    • 459 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Achieve College Goals

    • 260 Words
    • 2 Pages

    There are several fundamental reasons why students all over the world choose to pursue higher education: to broaden their knowledge base, to achieve financial independence, and to be a part of an environment that fosters personal growth. I truly believe that the best way to accomplish these three goals is to fully immerse oneself in a stimulating environment, where there is an abundance of opportunities to grow both during and after college. I am currently a second-year student at Northern Virginia…

    • 260 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Why People Work?

    • 1587 Words
    • 7 Pages

    Why people work (3)? Почему люди работают? Though people work primarily to earn money, there are some other reasons that they work: enjoyment, honor, assistance to others, etc. For some people, to work is to produce something to enjoy themselves and others. Musicians compose songs and melodies that give pleasure to listeners. Writers create novels and stories that arise deep emotions in readers. Painters produce beautiful artistic works that appeal very much to the people who see them. But on the…

    • 1587 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Why People Work

    • 497 Words
    • 2 Pages

    you ask people why they work, a lot of them will say that they work for money. People usually work to get the things that they need to live. Sometimes money is the only reason why people work. Once, for example, I asked my mother why she works despite it being hard. She said that she can get personal satisfaction through working. Also, she works to perform rewarding and meaningful activities. In addition, she works for companionship. I think that my mother is an example of why people work for more…

    • 497 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Pestle Analysis

    • 4782 Words
    • 36 Pages

    PESTLE Analysis Strategy Skills Team FME www.free-management-ebooks.com ISBN 978-1-62620-998-5 Copyright Notice © www.free-management-ebooks.com 2013. All Rights Reserved ISBN 978-1-62620-998-5 The material contained within this electronic publication is protected under International and Federal Copyright Laws and treaties, and as such any unauthorized reprint or use of this material is strictly prohibited. You may not copy, forward, or transfer this publication or any part of it…

    • 4782 Words
    • 36 Pages
    Satisfactory Essays
  • Better Essays

    Pestle Analysis

    • 1738 Words
    • 7 Pages

    introduction the pestle analysis is a set of tools used to analysis and evaluate various factors which determines and affects the environment of an organization, which should be identified in order to aid company's so they can achieve optimum performance . (c) . pestle analysis' also help in the decision making process a as it gives companies more knowledge about their business . pestle analysis is divided in 6 main categories which are Political, Economic, Social , Technological, Legal, Environmental…

    • 1738 Words
    • 7 Pages
    Better Essays
  • Good Essays

    Having a common governance framework can play a critical part in assisting board members to better comprehend their oversight roles. The framework should have parts that contribute to effective governance and contain tools that address the risks associated with governance risks. A framework will additionally give a more pertinent build to assessing how management’s obligations fit with the board’s oversight responsibilities. There are four attributes that help assess the board’s performance level…

    • 399 Words
    • 2 Pages
    Good Essays
  • Good Essays

    How to Achieve the Goal

    • 346 Words
    • 2 Pages

    pause or explanation, a style referred to as stream of consciousness. Several central characters and more than one hundred minor characters appear in the text, and their thoughts spin out like spider webs. Sometimes the threads of thought cross—and people succeed in communicating. More often, however, the threads do not cross, leaving the characters isolated and alone. Woolf believed that behind the “cotton wool” of life, as she terms it in her autobiographical collection of essays Moments of Being…

    • 346 Words
    • 2 Pages
    Good Essays