Description of organizational structure and management philosophy
Every organization needs a strategy and an effective plan, the business plan is crucial for the setup of a new venture in the market. The paper will present a business plan which helps in understanding the mission and the goal of the concerned organization. It can also be used a business tool and by using that the organization can judge the current status and progress without losing the vision of people’s ultimate destination. In the same sense, the organization structure and the management philosophy incorporate concerned person for hiring great team members and develop the team unity and innovation.
Organizational structure address the specific need of the organization in term of its diversity among the business partners which effectively shares the market values. Organizational structure can be defined as Minterzberg theory, it is the framework for the relationship on the job, operation, system, and group for making the efforts for achieving the goal and mission on the organization (Wirtz, Pistoia, Ullrich & Göttel, 2016). It is the key model of internal relation, power and its relation, high communication channel and responsibility of decision making within an organization. Whereas management philosophy is the set of foundation for a positive working environment and a team leader approach for courage. (Mullins & Scholar, 2016)
For example, the scientific theory of Frederick W. Taylor’s management philosophy, according to him the key aspect lies in the three main aspects:
- Simplifying the task as much as possible so that it will be easily under stable for everyone.
- Dividing the work equality among all.
- High use of monetary incentives.
Therefore, management philosophy and organizational structure play an important role in defining the mission and vision of the organization (Demil, Lecocq, Ricart & Zott, 2015).
It is the set of shared belief and values of an organization that enhances the behavior and the working action of the team members. The culture of an organization represents its vision and purpose of the mission. Basically, values are the backbone of an organization by which the team members behave and expertise the work culture by an intensive communication. Below there is a table which analyzes the role of mission and vision in an organization. (Shen, Shahidehpour, Zhu, Han & Zheng, 2018).
|
Key Aspect |
Role |
Example |
|
Vision |
The vision statement is used for determining the future goal of an organization, it is used to communicate the purpose the organization for the team members and the shareholders. |
Example, the vision of Disney To make people happy |
|
Mission |
Whereas the mission statement represents the current role and its primary goal or other objectives, it provides a clear guide for making decisions and to motivate harder in the sense to achieve success |
Example, the mission of Microsoft To help people around the word and also to realize their potential. |
Leadership
It is one of the essential roles in a business model that determine the company’s culture and the real success comes when the team leader or the management gives the freedom to the employee to think innovative and show their creative skills ( (Sapolsky, 2016).
Now, communication is one of the most important factors in developing a business relationship with the customer and the communication of the core, value, and culture among the staff members (Germain, Claycomb & Dröge, 2014).
In another way it also very important to hire the right person who can fit for the given job role, who can understand the value and culture of an organization.
For a moment think that any organization’s best employee has just resigned from his role, how much time will it take to cost directly and indirectly to find, hire, and train to get the replacement up the productivity level of the previous employee? The answer is losing employees means may the organization have not courage the previous employer or not motivated them (Chun, & Davies 2016).
The key element of corporate culture
There are many ways to encourage and motivate the team members, it requires that the managers should focus on their work, and respect their work in the term to get the achievement and success. The following key elements are:
Ethical and interpersonal behavior are the aggregation of proper business and it is very critical to a successful employee’s motivation.
Being a legend in terms of business management is a leadership value for the other people. Working in own style is always beneficial for the firm and giving an independence for others to do the same.
Recognition is a symbol of excellence, it creates an encouraging and supportive environment for an employee to work in an organization, and it is very beneficial in terms of business achievement.” More the enthusiasm more will be the innovation” (Li, Mu, Li & Li, 2015).
Employee training helps to boost the operation and creative skills of an individual. It will foster self-confidence, knowledge, leadership, and employee’s loyalty within the organization. It will help to keep the market value and strategies for the organization to invest more effort in their product according to the market standards.
Some workload creates a hyper stress in the environment of the working area, fun is a way to motivate people. It also played a role to make the moment happy for the working people and make the stress down for them.
For reaching the objective the objective and the mission of the organization, operation strategies play an important role in the implementation of effective customer service.
Given below following are the strategies to identify the core aspect of the business:
- Corporate strategies:It is an involvement of the organization as a system which is interconnected to each other. This is the strategy to understand the cross-functional interaction to support the corporate strategy of the company. (Kosmützky & Krücken, 2015).
- Customer-driven strategies:In terms of Operational strategies customer-driven strategy is the key to meet the customer needs and demands of the targeted market strategies. For that, it is very much important to develop strategies according to the changing environment and enhance the core competencies on a regular basis.
Developing the core competencies for the organization with the use of technology strategy: It reflects the involvement of well-trained team members, an optimal location of the concerned business, and the involvement of marketing and financial expertise. Latest and innovative technology will be used in the organization to enhance the flow of operation by accelerating the flow of work.
Development of Product and Services by using latest technologies: For the development of product and services by using latest and innovative technologies, the key factors are design, added value, innovation, and creative skills. While developing a new product for the customer, a company can be the leader in the introducing of the product and shall wait to see whether the company’s product is successful or not. So, that it can move forward to the customer (Llopart-Mascaró et al., 2015).
Conclusion
After the analysis of the business plan, it can be concluded that the organization can only succeed if it has an effective business plan with organizational structure and a well-classed management philosophy. According to that, organization need to hire people who can understand the mission and vision of the organization. From the above analysis, it can also be concluded that working according to corporate culture is also very much necessary for the developing of the proper working environment. The operational strategies identify the core expect to run an effective and efficient and effective organization. Now as per operational plan the organization can use the system in an effective way of reaching its goal and mission.
References
Chun, R., & Davies, G. (2016). E-reputation: The role of mission and vision statements in positioning strategy. Journal of Brand Management, 8(4), 315-333.
Demil, B., Lecocq, X., Ricart, J. E., & Zott, C. (2015). Introduction to the SEJ special issue on business models: business models within the domain of strategic entrepreneurship. Strategic Entrepreneurship Journal, 9(1), 1-11.
Germain, R., Claycomb, C., & Dröge, C. (2014). Supply chain variability, organizational structure, and performance: the moderating effect of demand unpredictability. Journal of operations management, 26(5), 557-570.
Kosmützky, A., & Krücken, G. (2015). Sameness and difference: Analyzing institutional and organizational specificities of universities through mission statements. International Studies of Management & Organization, 45(2), 137-149.
Li, L., Mu, H., Li, N., & Li, M. (2015). Analysis of the integrated performance and redundant energy of CCHP systems under different operation strategies. Energy and Buildings, 99, 231-242.
Llopart-Mascaró, A., Farreny, R., Gabarrell, X., Rieradevall, J., Gil, A., Martínez, M., … & Paraira, M. (2015). Storm tank against combined seoverflow: Operation strategies to minimise discharges impact to receiving waters. Urban Water Journal, 12(3), 219-228.
Mullins, W., & Schoar, A. (2016). How do CEOs see their roles? Management philosophies and styles in family and non-family firms. Journal of Financial Economics, 119(1), 24-43.
Sapolsky, H. M. (2016). Organizational structure and innovation. The Journal of Business, 40(4), 497-510.
Shen, X., Shahidehpour, M., Zhu, S., Han, Y., & Zheng, J. (2018). Multi-stage planning of active distribution networks considering the co-optimization of operation strategies. IEEE Transactions on Smart Grid, 9(2), 1425-1433.
Wirtz, B. W., Pistoia, A., Ullrich, S., & Göttel, V. (2016). Business models: Origin, development and future research perspectives. Long range planning, 49(1), 36-54.
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