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Create a response From my perspective, a strong system of formal structures is more crucial for the success and efficiency of an organization. Formal structures provide clear lines of authority and responsibility, ensuring that everyone knows their role and to whom they report, minimizing confusion and enhancing efficiency. They promote consistency and fairness by standardizing policies and procedures, which is particularly important in large organizations and highly regulated industries. They also create accountability by defining clear reporting lines and responsibilities, fostering a culture of responsibility and high performance. Additionally, formal structures streamline decision-making through a clear chain of command, ensuring decisions align with the organization's strategy and objectives. While informal structures certainly play a role in fostering flexibility and innovation, the foundational stability, clarity, and accountability provided by formal structures are absolutely
• necessary for the long-term success and scalability of an organization.
Define the term product. - Have the team determine what the tangible and intangible benefits are for a computer, a tube of toothpaste, a beauty salon, and a dentist.
1. Your best and worst financial decision 2. What was different about your thought process for these two decision 3. How these differences lead to such different result 4. What lessons you've learned that you will apply to financial decisions
Give some examples of other Virtuous Business Leaders, either those you know personally or those you know in your community.
1) Please describe the function of global investment banking?
Identify the integration strategy walt disney uses. Describe the benefits of using this strategy using the frameworks included in the text
Setting: It is 5-10 years in the future and you have just been appointed to a highly desirable leadership role, one for which you have been preparing for many years. The organization has strong viability but is currently ineffective due to power s..
Do you feel the statement "the team is only as good as it's manager?" is true or false? Why?
Difference between Sustainable tourism and Non-Sustainable Tourism?
Critically evaluate the VRIO framework and discuss which other model or framework could be associated to VRIO to overcome its limitations.
A chemical company can produce Q units of a chemical H, with marginal costs of MC = 9 + Q, and can distribute the chemical at marketing marginal costs of MC = 1. The demand for H is given by P = 30 - 1.5Q. If an external market exists where H can ..
Discuss where robotics, social media, and gene editing (CRISPR) are on the hype cycle. How does its placement affect other pieces within the hype cycle?
Explain the impact on teams and learning if they are not utilised.
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