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Briefcase

Unit 2 - Human Resource Management - QB

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Chart Increasing

Unit 1 - Introduction To Business Management - QB

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Money Bag

Unit 3 - Finance & accounts - QB

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Direct Hit

Unit 4 - Marketing - QB

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Factory

Unit 5 - Operations management - QB

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Bar-Chart

Unit 6 - Assessment

Hey there future business tycoon! 🌟 Dive into the cool world of organizational structures. These aren&#39;t your average boring structures; they&#39;re the backbone of how businesses rock their world. Let&#39;s get started! 🚀

With the business world always evolving, some companies are ditching traditional structures. We&rsquo;re looking at:

<ul>
	<li>Project-based organization</li>
	<li>Shamrock organization</li>
</ul>

Think of a pizza with different toppings on each slice! 🍕

<ul>
	<li>
	Concept: Super flexible structure that forms teams for individual projects. Once done, the team disbands and forms new teams for new projects.
	</li>
	<li>
	How it works

	<ul>
		<li>Project managers lead teams.</li>
		<li>Each team is like a mini &quot;Avengers&quot; squad, assembling members from different departments (from accountants to marketing specialists).</li>
		<li>Teams operate independently.</li>
	</ul>
	</li>
	<li>
	Real-world Example: Imagine a construction company with multiple building projects or an IT firm developing several apps at once. Different teams, same company goal!
	</li>
	<li>
	Fun Fact: It&#39;s also called a matrix structure because the teams can be shown in a grid-like table.
	</li>
</ul>

Inspired by the three-leafed shamrock. 🍀

<ul>
	<li>
	Concept: Proposed by Charles Handy, this model capitalizes on workforce changes due to the evolving business environment.
	</li>
	<li>
	How it works

	<ul>
		<li>1st Leaf 🍃: Core Team - The heart and soul of the business. Essential managers, technicians, and employees.</li>
		<li>2nd Leaf 🍃: &ldquo;Contractual Fringe&rdquo; - The smart way of doing business by subcontracting non-core activities to experts.</li>
		<li>3rd Leaf 🍃: Flexible Workforce - The part-timers, temps, and seasonal champs.</li>
	</ul>
	</li>
	<li>
	Real-world Example: Imagine a tech company

	<ul>
		<li>Core Team: Software developers and product managers.</li>
		<li>Contractual Fringe: Outsourced customer service or marketing agencies.</li>
		<li>Flexible Workforce: Freelancers for short-term projects or holiday promotions.</li>
	</ul>
	</li>
</ul>

The answer? It depends! (A common theme in business 😉)

<ul>
	<li>
	Large grocery chains: Often organized by region. Think of Walmart dividing its operations between the East and West coast.
	</li>
	<li>
	Manufacturing firms: Organized by function (e.g., HR, Marketing) or product (e.g., laptops, phones).
	</li>
	<li>
	Structure changes: Businesses are like chameleons, changing structure based on objectives or external conditions. Start-ups might begin flat but add layers as they grow.
	</li>
	<li>
	The Real Question: Not about finding the best structure but understanding the pros and cons of each choice.

	Key Takeaway: Organizational structures are tailored to fit the company&#39;s goals and environment. Whether it&rsquo;s project-based, shamrock, or any other, the trick is picking the right tool for the job and adapting as the business world turns!
	</li>
</ul>

Happy Studying &amp; Remember, Business is as cool as you make it! 🚀📚🍀🍕

Evolution Of Organizational Structures: Exploring New Models

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Standard Level

Business Management SL

Unit 2 - Human Resource Management - QB

Evolution Of Organizational Structures: Exploring New Models

Table of content

Changing times = changing structures

Project - based organization

Unlock the Full Content!

Unit 2 - Human Resource Management - QB

Evolution Of Organizational Structures: Exploring New Models

Table of content

Changing times = changing structures

Project - based organization

Unlock the Full Content!