Discussion Question 11.1
Why is it important for an organization to have alignment between its strategy and structure?
An organization must align its strategy and structure to allow itself to achieve performance improvements over time. The four different structures, simple, functional, multidivisional, and matrix, are all suited to allow companies with different strategies to succeed but the company must decide which of these is correct for itself. A small start-up company will overburden itself with excessive cost if it seeks to implement a functional structure because it clearly will not have the talent on hand to create whole departments of HR employees or accountants. On the other hand, a company that grows to become a large multi-national
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This situation can lead to negative consequences for a business when its executives or management direct the organization to act in the best interest of themselves instead of the best interest of its owners or shareholders. Stockholders of the enterprise can keep this problem from arises by attempting to align the interest of management with that of themselves. This normally occurs through incentive pay, stock compensation, or other similar incentive packages that now cause the managers financial success to be tied to that of the company (Garcia, Rodriguez-Sanchez, & Fdez-Valdivia, 2015; Cui, Zhao, & Tang, 2007; Bruhl, 2003; Carols & Nicholas, …show more content…
Give Nike some advice on actions the company could take in different geographic markets that would connect economic and social needs.
The shared value creation framework theorizes that managers should focus their value creation efforts on both shareholder value and value to society (Rothaermel, 2015). There are two specific ways that Nike could utilize the shared value creation framework to serve societal needs are the world: inner city design and engineering schools and selling basic shoes in African markets. These tactics would allow the company to realize benefits while at the same time having a significant positive effect on communities around the
Nike has a very sophisticated sustainability strategy. The strategy is based on company’s prospects for future, to ensure that the company remains profitable and reputable, taking into consideration the social responsibility of the company (NIKE 2013). For instance, the strategy is supposed to ensure that the company gains a stable supply for the raw materials for the product manufacturing that will ensure stable supply of the products in the market at favorable prices. The strategy also targets make the company responsive to environmental concerns, aiming at reducing environmental pollution through emissions to the atmosphere (Charter, 2001). The strategy outlines the company
The relationship between an organization’s strategy and structure are extremely important because it “directly impacts a firm’s performance” (Rothaermel, 2013, p. 309). Also, as an organization grows, it should reevaluate the current strategy and structure to ensure that it remains the optimal choice for the organization (Rothaermel, 2013). The four types of organizational structures, listed in order of least to most complex according to Rothaermel (2013), are: (1) simple, (2)
To end the stereotyping and doubt that police officers have toward African Americans, the participants of the event should incorporate Xavier students, personnel and staff, Xavier University Police Department, and randomly chosen African Americans and police officers in Cincinnati. The random selection will be done online, where African Americans who are interested in attending the event would sign up online. Afterward, they will be chosen at random and will be later informed that they have been selected. Similarly, the names of the Cincinnati police will be selected at random. The random selection will eliminate bias. It is also essential that Xavier students and Xavier Police be available in order to construct a bond between the two. Their presence is important in the dialogue so as to prevent incidents like that of Tamir Rice from happening at Xavier. Furthermore, in order to guarantee full participation, I recommend that the Xavier Administration make this event a no class day and make it mandatory. Students should likewise be given some sort of encouragement to attend the event. For example, Xavier can sponsor for every student who attends the event to have a free dinner at the
During this class there have been many interesting topics being discussed; topics that I didn’t even begin to think about. After reading Chapter 18 and learning about the importance of performance planning and setting performance objectives, it has opened my eyes up to a lot more ideas. Having a vision and plan to not only make yourself succeed, but those around you and the company is a part of managing performance and objectives.
The LV team is eager to learn what statistical significance is and why it’s an important construct in the study and use of inferential statistics.
As per the interview, it is seen the occupation bit of a project official. Those are according to the accompanying:
You asked the following questions: “We are working on a project in an existing warehouse that stores and distributes auto parts protected by an existing ESFR system. The owner(s) would like to add a 10 ft high mezzanine with a solid deck about 32,000 sq. ft. in area and store below it. The framing for this mezzanine will be open web bar joist approximately 18 in. deep. The top of the shelving will be 8 ft in. with no storage on the top shelf. The owner is anticipating that about 50% of the products will be Group A Plastics and could be placed anywhere below the mezzanine. The proposed shelving is to be solid shelves by placing two 18 in. deep shelving back-to-back with no longitudinal or transverse flue spaces with a 36 in. aisle. There are five things we are looking to verify: 1) If we are interpreting NFPA 13 (2007 edition) Chapter 17 correctly, if the
The term compensation refers to all forms of financial returns and tangible benefits that employees receive in exchange for their time, talents, efforts, performance, and results (Bernardin & Russell, 2013) Presumably, employees are motivated by the compensation they receive in all combinations to include their benefits packages. Naturally, employees want to be able to take care of their family to include having good medical coverage and other related benefits. Equity is said to occur when a person perceives that the ratio of his outcomes to his inputs is equal to other’s outcome/input ratio (Salvendy, 1976). Of course, employees want more money, and companies want more work out of each employee. With the cost of benefits like health insurance continuing to rise, companies have to take the higher cost of benefits into consideration when implementing pay
Structure is the basis through which an organization seeks to create control the direction of an organization. This is completed through clear definitions of the allocation of work, differentiation, and the coordination of having those responsibilities working together towards the efforts of the organization, integration (Bolman & Deal, 1993, pp). Through these methods, the organization is able to devise a division of labor that collaborates to bring about the missions and goals of an organization. The structure that comes about from this can be varied in their rigidness and flexibility it allows, and to an extent this is a great contribution to its success.
What is a stock said to be equilibrium? Why might a stock at any point in time not be equilibrium?
Chapter 4: How do you think planning in today’s organizations compares to planning in an organization 25 years ago? Do you think planning becomes more important or less important in a world where everything quickly changes and crises are a regular part of organizational life? Why?
After the actual posting of the decision, which John and Jenifer made, John then mailed the request for three senior TAS technology professions Moti, the India head person in charge of the company. In addition, he also copied it to the HR department team. Nevertheless, Moti, who had himself moved into TAS just two years prior, really found the idea very creative and appeared to be happy with the plan.
Nike’s organizational Form reflects a conglomeration of resources, processes and people around the activities most critical to their target customers in terms of its Value Proposition. It decided therefore to concentrate in depth on the critical activities and competencies rather than increasing the breadth of its
At the moment Nike has the upper hand over other corporations allowing for significant economic advancements. Conversely, it is important that Nike does not only use these initiatives as advertising ploys but rather actually continues to make real change around the world. There is a significant amount of opportunity here for Nike to pressure other corporations and even governments into acting against climate change and towards better social conditions (JASP, 2016). Nevertheless, because of how much global influence Nike hold, they have the potential to do much more than that. The corporation could work with various organizations, academic programs and NGOs in order to do more research into what the most ideal conditions are and what kinds of needs need to be addressed to better the overall social, economic and environmental conditions in which the production processes is occurring (JASP, 2016). Furthermore, while Nike was inspired by ethnic consumers, so can it promote ethnic consumption to those who might not have originally considered these issues whilst purchasing these or even other commodities (JASP, 2016). The fear at the moment, however, is that Nike is only in it for the money. During the boycott of the 1990s, Nike could have avoided the crisis through acting sooner and recognizing the inequalities in their corporation though they chose instead to ignore their demands (Jackson and Schantz, 1993, 32). In fact, it was not until years later, when the longevity of the
Nike want to achieve that they can develop products with an alternative sources of supply and they want also that they deliver shareholder value through to control the operational excellence. They want to do that in the following areas; expanding gross