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ABC Company - Assignment Example

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The managers must ensure that all the internal activities are in line with the organizational vision. Activities like managing human resources, financial resources and operational…
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ABC Company
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Download file to see previous pages As a result, a proper management of the organizational activities leads to higher competitive advantage. This paper focuses on the management of ABC Company, which is currently in a state of turmoil and poor financial condition. Moreover, the activities have eventually deviated from the organizational vision and the managers have adopted a myopic approach to achieve the short term financial goals. The paper covers all the activities needed to recover ABC Company from its poor and ill managed conditions.
The organizational structure of ABC Company is vertical in nature, where information flows across the hierarchy via intermediates. The organization has been so structured that one level of hierarchy can directly communicate with only its immediately next level in the hierarchical ladder. This system allows each level to focus only in their allocated tasks and is only answerable to their immediate supervisors. Thus, it helps to increase the efficiency of the each department.
The figure shown above portrays the organizational structure of ABC Company. The structure consists of four prominent levels of hierarchy and each level is allocated with a particular task which encompasses overseeing the personnel who are immediately below that level. The hierarchy begins with the CEO, who oversees the board of directors and participates in the board meetings. The major decisions proposed by the board of directors are first approved by the CEO before its implementation in the organization. The board of directors constitutes of the individuals with major stock holdings. This allows the boards to be heterogeneous and helps to avoid any biasness in decision making. The board of directors oversees a series of managers allocated to different departments. The managers are answerable to the board of directors for the departmental performances. Each manager is allocated with different teams, like HR Team, Finance Team, Marketing Team ...Download file to see next pagesRead More
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