Dec 24, 2013

Posted in  Organizational Theory

Factors Which Determine the Organizational Theory

The key factors that determine the organisational theory are formatted on the dynamics of the size of the business, for instance larger businesses tend to need more formal structures with respect to professional roles so that the chains of command and communications are clear and specific. If the business has a diverse product range, possibly needing very different marketing strategies, then each product might need a separate division, or where the technology of production moves at a rapid pace, a more responsive task- oriented structure would be viable. A highly skilled work force might resent a formal or rigid hierarchy,  [...]

Dec 10, 2013

Posted in  Business Goals

Mission Statement and Vision Statement: The Pillars of Business Goals

  The business goals can be set out in its two defining statements – Mission statement and Vision statement. Mission statement is a short statement that clearly sets out the business ethics, values, beliefs and the culture of the business and it should be a reflection of the corporate goals. Vision statement is more about the future direction and the broad goals of the business, whereas mission statement is based on the present situation. However setting up of realistic and logical goals for the business provide a focus to the working team top from the senior management down to the peon, to working in a winning environment  [...]

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