Organizational Structure of Heytsbury Holding Limited
Discuss about the organizational structure and initiatives related to the employee management of Heytsbury Holding Limited.
The essay will discuss about the organizational structure and initiatives related to the employee management of Heytsbury Holding Limited. Due to the innovation in science and technology, it has become crucial for identifying and the defining the overall infrastructure of the organization. The identification of the business model of any organization helps in gaining competitive advantage followed by proper maintenance and usage of the resources in an effective manner (Bolden, 2016).
Figure 1: Organizational Structure for Heytsbury Holding Limited
(Source: Ali et al., 2012)
According to the research, it has been identified that Heytsbury Holding Limited is considered to be a public organization which is being listed by the Australian Stock Exchange. The core competencies that are possessed by the organization include management of property portfolio, franchising, retail operations, brand image, and brand name (Bovée and Thill, 2014). The business model of the organization has managed to get success after the implementation of the strength that is associated with its portfolio of retail property and its brand.
Heytsbury Holding Limited follows a unique kind of franchising formula that helps in suggesting the fact that the organization is composed of cross-functional members. The chosen organizational structure by Heytsbury Holding Limited is functional structure. The organization is found to be a responsive organization due to its multifaceted culture. Heytsbury Holding Limited is composed of the centralized system which helps the local managers in taking the best possible business decisions with respect to various kinds of retail operations (Donate and de Pablo, 2015). However, it has been found that Heytsbury Holding Limited is planning to extend their franchising model for the market presence in other countries. They are extending their own franchising model for catering the foreign market with the help of the local staff as they had a belief in their mind that the local staffs are going to have a better understanding regarding the traditions, norms, and cultures (Rosemann and vom Brocke, 2015).
During the research, it has been noticed that the businesses are regarded as the complex organizations that consist of thousands of workers who are engaged with different job roles. It has been found that globalization has led to putting pressure on different organizations around the world for altering their business processes with respect to innovation (Bolden, 2016). For managing the resources in an effective manner, the business organizations are required to have a better organizational structure for allowing the managers to allocate proper responsibilities to the employees. It is also required to guarantee the accountability of the employees and decision-making power (Byrne, 2016).
Functional Structure and Challenges Faced by Heytsbury Holding Limited
The process of coordinating and allocating the responsibilities between the managers and workers for attaining the organizational objective is known to be the organizational structure (Hislop, Bosua and Helms, 2018). The organizational structure consists of hierarchical reporting relationships, paths related to cross organizational communication, job responsibilities, and various kinds of relationships among the people within the organization. According to the research it has been found that the right kind of structure is going to create the right jobs thereby organizing the jobs in a proper manner with the help of which all the workers can enhance the overall performance of the organization. Within the functional structure, it can be seen that the workers are segregated on the basis of job roles, expertise, and working skills (Amui et al. 2017).
Based on the case study it can be said that Heytsbury Holding Limited is also found to have the same functional structure. The organization has been centralized on the basis of top management by providing unified directions, allowing the effective use of resources, and cheering up the growth of in-depth skills (Yeung and Coe, 2015). It can be seen that the coordination and communication are getting increased within several departments in combination with various kinds of centralized operations that allows the development of procedures, policies, rules, and regulations that generally contributes to the whole performance of the organization (Kaiser and Buxmann, 2017). In spite of having various kinds of multifaceted advantages, it has been found that the functional organizational structure results in creating difficulty with the controlling, coordination, and communication during the expansion of the organization geographically (Yeung and Coe, 2015).
In the research, it has been found that Heytsbury Holding Limited is planning for extending their franchising model across various parts of Europe and New Zealand in addition to the establishment of more stores across the whole of Australia. In order to tackle the drawbacks linked with functional structure, a cross functional group has been taken into consideration to accommodate the employees working in different functional areas (Kuhn, 2009). The cross-functional group is associated with a dynamic matrix configuration and this matrix structure is going to be utilized for the temporary need (Pertusa-Ortega et al. 2017). Working with a team effort plays a crucial role in the development of the organization, as observed from the utilization of cross-functional groups to make progress in growing their business crosswise over different nations.
Initiatives to Overcome Challenges Faced by Heytsbury Holding Limited
In the time of globalization, it can be seen that the affiliations need to remain mindful of the changing conditions and acclimate to stay at the most noteworthy purpose of their delight (Fineman, Gabriel and Sims, 2010). Virtual hierarchical structures are extremely ordinary and a need for a business today to discuss adequately with individuals from groups situated in various geological areas, require just a PC and can work from anyplace. They are as viable as the face to face groups. They offer a different purpose of perspectives, abilities, and encounters and convey by means of shared online workspace, email and IM’s (Hayhurst and Wills, 2018). The absence of physical nearness could make a demeanor of custom, to control that, the group can meet face to face once to break the ice and video gathering at a standard interval of time.
The establishments crosswise over New Zealand and Europe demonstrate a centralized structure as observed from the contextual investigation, as the way of life is distinctive in the franchises when contrasted with the organization possessed stores. It can be seen that the franchises may just be practically unique as observed from the contextual investigation, though it is under the same organization and for that reason, there needs to be a uniformity within the operations (Pereira-Moliner et al. 2016). In addition, these kinds of franchises would have built up a reputation, brand image, demonstrated work and administration morals and practices as well as access to assets that can be embraced with a certain level of self-sufficiency which would bring about its rapid development.
In the research study, it has been discovered that the burdens of this structure would be the non-consistency in the lifestyle, while the general approach proceeds as before as indicated by the differentiating contract (Bovee and Thill, 2013). However, this could be a surprisingly beneficial development, as the neighborhood staff can cater well to their particular markets with their profound comprehension of standards, traditions, culture, and conventions (Rosemann and vom Brocke, 2015). The huge accomplishment of the organization at the residential and also global level proposes that it ought to extend organization claimed outlet stores crosswise over Australia and establishments crosswise over Europe and New Zealand. We watch that the deals by organization possessed outlets are about $36 million for every store when contrasted with $22 million for each store by diversified outlets.
Researchers have found that we can contribute the distinction of $14 million in the organization possessed stores to the consistency of culture that basically is the general population administration practices took after by the association to its general development. Human Resource rehearses positively affect duty, comparatively, responsibility emphatically impacts the execution. The general execution of the organization recommends that Heytsbury Holdings Limited has the privilege authoritative structure and additionally human asset practices (Bolden, 2016). Its key responsibilities incorporate selecting individuals, their preparation, execution evaluations, spurring representatives, work environment security, correspondence, issues identified with execution administration, pay, association advancement among others.
Conclusion
Human capital is an asset that gives a potential and upper hand to an association and has been perceived for its significance. Individual administration rehearses ads to manufacture human capital that exponentially adds to an association’s general execution (Hayhurst and Wills, 2018). A human Resource practice consists of operations that bring about expanding worker commitment, fulfillment, and work-life adjustment, diminishing non-attendance and lessening turnover. Remuneration is another basic piece of empowering representatives and improving the authoritative structure, despite the fact that a lot of supervisors do not give careful consideration to the estimation of reward practices and arrangements because of the complicacies identified with the social weights affect (Kaiser and Buxmann, 2017). Confirmation based reward framework, in spite of the absence of information and challenges in assessing real level of commitment and nature of workers’ execution, is a standout amongst the most effective devices for evaluating individuals’ activity execution and distinguishing the key characteristics and exercises that are to be remunerated for promote advancement and change of the association.
This paper focuses on the overall organizational structure and individuals administration based on the contextual investigation that has been provided followed by the conduction of a literature review from different published articles. After the analysis of the overall essay it can be concluded that this paper will infer individuals administration practices combined with hierarchical structure, accurately distinguishes work obligations, the hierarchy of leadership, the traverse of administration, the level of centralization and decentralization and its kin administration hones adds to its general development in the market
References
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