BEST BUY Making Life Fun & Easy! Tiago Alves Andrew Bornstein Mae Brana Grace Tan Meredith Walters Table of Contents Business Summary 4 Vision Statement & Corporate Values 4 Rankings 4 Market Share 5 Stock Chart – 5 Year Performance 5 Financial Highlights 6 History 7 Key Executives 8 Strategy 9 Customer Centricity 9 Value-added Services Business 11 Supply Chain and IT Systems 11 New Store Openings 11 Mergers & Acquisitions 12 Employees 13 Key Competitors
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ORGANIZATIONAL STRUCTURE Organizational structure refers to the way that an organization arranges people and jobs so that its work can be performed and its goals can be met. When a work group is very small and face-to-face communication is frequent‚ formal structure may be unnecessary‚ but in a larger organization decisions have to be made about the delegation of various tasks. Thus‚ procedures are established that assign responsibilities for various functions. It is these decisions that determine
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Rafael Mendoza 11/28/2012 A company’s organizational structure can determine how effective its management department will be in implementing and executing company decisions. Without a great structure the company may lose its finances‚ by being inefficient. With that in mind‚ a company’s organizational structure is geared towards making the company more efficient and successful. UPS like all major organizations has to keep their organizational structure with the times in order to stay productive
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written on organizational structure and change management. Research commonly breaks down organizations into stages of growth or phases in a life cycle using varying factors and benchmarks. Depending on the article‚ the organization can be in any number of stages. However‚ there are definite commonalities that can be concluded amongst the differing research. For the purposes of our project‚ we focused on three articles that helped determine where STSM is and how our recommended changes can best be implemented
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ORGANIZATION STRUCTURE CHAPTER OBJECTIVES After reading this chapter‚ students should be able to: 1. Identify the six key elements that define an organization’s structure. 2. Describe a simple structure. 3. Explain the characteristics of a bureaucracy. 4. Describe a matrix organization. 5. Explain the characteristics of a “virtual” organization. 6. Summarize why managers want to create boundaryless organizations. 7. List the factors that favor different organization structures. 8. Explain
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is known as the organization structure formally defined by Wikipedia (2006) as‚ "the way in which the interrelated groups of an organization are constructed. From a managerial point of view the main concerns are ensuring effective communication and coordination." In respects to project management there are three primary organizational break downs they are functional structure‚ pure project structure‚ and matrix structure. We will take a look into each of these structures to better identify the similarities
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{text:bookmark-start} Running head: ORGANIZATIONAL {text:bookmark-end} STRUCTURE Organizational Structure Romanoff‚ T. Axia College of University of Phoenix MGT 330 Management: Theory‚ Practice and Application Peter Espeut October 26‚ 2009 Organizational Structure Planning and organization are crucial for an organization to achieve maximum effectiveness and success. Microsoft Company‚ for instance‚ has an organizational structure consisting of board of directors who include
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Organizational Structure Pamela Caragianis MGT/230 Management Theory and Practice June 27‚ 2012 University of Phoenix - Scott Jarrett Organizational Structure Graybar Electric Company was founded in 1869 by Enos Barton and Elisha Gray who formed Gray & Barton. For the past eighty years Graybar has been one of the largest employee owned companies in North America. Today Graybar is a Fortune 500 corporation. Graybar is headed by a Board of Directors‚ all of which are all current employees
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OrganizationalOrganizational structure is needed in organizations to arrange employees and their jobs in a certain category to help meet business goals and needs. Procedures are established that assign responsibilities for various functions. These decisions help determine organizational structure (Madapusi‚ 2008). Organizational structure allows greater effectiveness in organizations. Different types of organizations such as Baker Hughes Drilling Fluids‚ Atlanta Memorial Hospital‚ Doyenne Constructors
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Organizational Structure Sean A. Helm Management 330 Management for Organizations Professor Paul Verlasky Ashford University May 8‚ 2013 Organizational Structure At the core of every business lie the employees who carry out the everyday task and constantly push production. The employees are the life blood of an organization and single handedly cant make or break the business. As we go through our everyday life we see examples of good employees and bad. There are many different organizations
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