Organizational structure - Essay Example

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Organizational structure refers to the framework that is hierarchical in nature, which organizations use while arranging their authority lines, allocating duties and in communications. Therefore, organizational structure is beneficial to organizations because it guides the delegation of organizational power, roles and responsibilities. …
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Download file to see previous pages Therefore, organizational structure is beneficial to organizations because it guides the delegation of organizational power, roles and responsibilities. In addition, it monitors and controls the flow of information among different management levels within an organization (Cassia, Paleari & Redondi, 2005). Most organizations base structures on objectives and approaches for attaining them. For example, the top management individuals in an organization make decisions, and there is strict control within dissimilar departments in an organization. Finally, organizations should create appropriate organizational structures, since such models unite and direct employees (Cassia, Paleari & Redondi, 2005). “Describe the organizational structure of your selected organization, compare and contrast that structure with two different organizational structures” In this research, I will discuss the organizational structure of International Monetary Fund (IMF) organization. IMF is an inter-governmental entity that offers policy advices and finances to members facing economic problems. It also collaborates with upcoming nations to assist them attain macroeconomic benefits to lessen poverty levels. IMF activities initiated in 1945 and presently, it associates with 185 countries. The organizational structure of IMF has a governing body that consists of the Board of Governors. Every member state has a Board of Governors that is led by a governor, who most of the time is a country’s finance minister or the central bank. Additionally, the organization has an executive facet that is composed of 24 elected and appointed executive directors. The executive board performs business operations in the organization (Hawkin, 2006). The board of governors performs its duties through two committees, which include the “International Monetary and Financial Committee” together with the “Development Committee”. These committees specialize in advising staffs and reporting different functions to the board of governors (Hawkin, 2006). They also monitor the processes involved in the administration and adaption of international monetary and fiscal systems. The organization entails a collaborative committee with The Board of Governor members’ from World Bank and IMF who controls development processes. These include allotment of resources to upcoming countries. Importantly, the IMF has a managing director who supervises and chairs the executive board (Hawkin, 2006). The IMF Board of Governors has all organizational powers, which are applicable to all constituents in 185 countries. Each representative state has one principle governor and another alternative governor, who controls the organization when the principle governor is absent. The organization has an executive board with 24 directors who supervise general funds within IMF as delegated by the Board of Governors. The regions with leading quotas appoint five directors of the executive board and other regional groups appoint the remaining 19 directors. The chief administrator the IMF is the presiding officer of Executive board. The executive board of IMF elects the managing director whose responsibility is to carry out regular businesses within the organization. Furthermore, she chairs executive director’s meetings for 5 years. The IMF consists of 2,650 personnel in 185 countries (Hawkin, 2006). Initially, I will evaluate and contrast the organizational structure of IMF and Google ...Download file to see next pagesRead More
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