Intro to business exercise 4.1
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An organizational chart visually depicts a company's structure and hierarchy. It shows reporting relationships and can be designed differently depending on a company's needs. Having two managers to report to can cause problems for an employee like conflicting instructions and ambiguity over performance reviews. To reduce rivalry between departments, a company's leader could implement cross-departmental projects to encourage collaboration and establish clear roles and responsibilities to avoid politicking.
Intro to business exercise 4.1
- 1. Intro to Business Exercise 4.1 1. What is an organizational chart? What is its purpose? Explain. 2. Kristoph and Joseph have both started their own architectural firms. However, they both came up with very different organizational charts. How is this possible? Provide TWO (2) possible reasons. 3. Ruth works for the marketing department of a multinational company. Due to a poorly-designed organizational chart, she now has 2 superiors of equal rank to whom she reports to. Explain TWO (2) problems that she may experience in this reporting structure. 4. The company that you have founded 5 years ago is currently suffering from poor performance due to intense rivalry and politicking from the various departments. What can you do to make them work together again as a team? Suggest TWO (2) strategies. 5. What is a functional structure? What type of business would adopt this organizational structure? Also, explain ONE (1) advantage and disadvantage of this structure. 6. What is a divisional structure? What type of business would adopt this organizational structure? Why is this organizational structure more costly to operate? 7. What are committees? What are some of the reasons for setting up a committee? Provide THREE (3). 8. Many committees are set up for different purposes. For example, some students for the Introduction to Business module are members of the calendar project team/committee in the previous semester. What type of committee is this? Why do you say so? Discuss.