Positive and negative aspects of the experience

Assignment Help Finance Basics
Reference no: EM133197269

The Morning Star's Lattice Structure The Morning Star Company, a highly successful and growing $700 million California tomato- processing company, was founded on a philosophy of self-management. The company envisions "an organization of self-managing professionals who initiate communication and coordination of their activities with fellow colleagues, customers, suppliers, and fellow industry participants, absent directives from others."46 The core of the company's management philosophy is freedom, which is seen as important to effective coordination. The company believes that freedom allows employees to be drawn to what they really like as opposed to having to do what they're told, increasing both enthusiasm and performance. Extensive applicant screening for fit with the company's philosophy and new hire training on self-management helps employees adapt to the autonomy and responsibility of working without a formal boss. The company's lattice structure requires a high degree of self-management. Each year every employee writes a personal mission statement that identifies how he or she will contribute to Morning Star's overall objective of "producing tomato products and services which consistently achieve the quality and service expectations of our customers." Every employee also negotiates a Col- league Letter of Understanding (CLOU) with the associates most affected by his or her work. The letter creates an operating plan for each employee, spelling out the relevant performance metrics for as many thirty activities. Employees are also personally responsible for acquiring the training, resources, and cooperation necessary to fulfill their role.47 As in any organization, disputes arise between employees that must be settled. If an employee believes that someone has not lived up to his or her CLOU commitments, the two meet to discuss the issue. If they cannot resolve the matter they choose a trusted internal mediator to hear their views. If the losing party objects to the pro- posed remedy, a panel of six colleagues assembles and either endorses the mediator's recommendation or proposes an alternative solution. If that is not accepted, the president brings both employees together and makes a binding decision. Reflecting employees' commitment to self-management, employee disputes rarely make it to the president.48 

Questions: 

1. How would working for Morning Star be different from working at a traditional, bureaucratic company? What would be the most positive and negative aspects of the experience? 

2. Do you think the lattice structure is best for Morning Star? Can you identify another structure that might be more appropriate for the company's culture of empowerment and self-management? 

3. Where do you think this type of lattice structure would be ineffective? What would make this type of structure inappropriate or difficult to implement? 

Reference no: EM133197269

Questions Cloud

Determine the necessary parameters for the demand for open : Determine the necessary parameters for the demand for open and succinct conversation when conversing the project and its goals, the necessity of prompt communic
Growing demand for energy and mineral resources : Discuss the consequences of increasing the amount of technology and the growing demand for energy and mineral resources.
What are the reasons that nurses do not want to join a union : Nursing Collective Bargaining and Professionalism Case Study - What are the reasons that nurses do not want to join a union
Danielle in federal district court in california : Patrick and Danielle were students together at a Southern California law school. After graduation, they both took and passed the California Bar Examination.
Positive and negative aspects of the experience : 1. How would working for Morning Star be different from working at a traditional, bureaucratic company? What would be the most positive and negative aspects of
Describe any consequences you see that follow an individual : Describe any consequences you see that follow an individual. What do you think can be done to help with transitions from prison to release?
Discuss the implications of the biological agent : What was the classification of biological agent used in the attack? Discuss the implications of the biological agent
Characteristics of financial repression : What are some of the major characteristics of financial repression? University of Phoenix.
Were you surprised at the current size of human population : American University of Armenia - Were you surprised at the current size of the human population or at its changes since your year of birth?

Reviews

Write a Review

Finance Basics Questions & Answers

  Create new products one for each of the three holiday season

Create three new products, one for each of the three holiday seasons in the 4th quarter. Estimate the sales units, sales price, and total sales for each month. Describe the assumptions used to make these estimates.

  Multiple-vote shares present corporate governance issues

To what extent do multiple-vote shares present corporate governance issues? Consider the extent to which control versus ownership can lead to expropriation and

  Major areas where ai can be used in banking and finance

What are 5 major areas where AI can be used in banking and finance

  What is your total return on investment

You buy a share of ABC stock today for $29.30. One year later, the stock pays a dividend of $1.90 and you sell the share for $31.60.

  Explain how the capm assists in measuring both risk

Explain how the CAPM assists in measuring both risk and return. Explain how the CAPM assists in calculating the weighted average costs of capital (WACC) and its components. Illustrate why some managers have difficulty applying the Capital Asset Prici..

  What is an efficient market

What is an efficient market? How can be efficient if prices behave in a random fashion?

  Explain when a manager would consider taking a big bath

define the term big bath. explain when a manager would consider taking a big bath and how analysis of current

  Research the variables that impact the pricing of options

Research the variables that impact the pricing of options. Focus your energy on comparingthe attributes of the two widely accepted models used for option pricing: Black-Scholes and Binomial Models. Your paper should be completed in Word and be no les..

  Problems of financial cooperatives on lending money

Please help me enumerate the common problems of financial cooperatives on lending money?

  Find out wacc for project

The WACC is used as the discount rate to evaluate various capital budgeting projects. However, it is important to realize that the WACC is an appropriate discou

  What is the amount of the firm ebit

Advantage First Corporation has sales of $4,685,660; income tax of $481,908; the selling, general and administrative expenses of $234,872

  Economic and legal differences in holders of common stock

Discuss and explain the economic and legal differences between holders of common stock, preferred stock and general creditors.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd