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