Reference no: EM132866572

Question: Why do you think this type of organizational structure can result in growth and success for companies in the 21st century?

Information about the organization structure:

When we look at the case of Oticon critically, it's a clear demonstration of how new ideas and initiative organizational structures can boost a company's profit margin as well as lead to better opportunities and directly help to drive career growth positively. It is clear that there is some link between career disputes and organizational structure. This helps to do away with the core traditional ideas of a career as an individual endeavor in an organizational setting.

The views of the organization as the process of evaluating the work to be put in by the available manpower with the availability of facilities and machinery required to carry out these duties efficiently. In return, the duties carried-out equal efficiency, systematic and positive output. It is putting the available manpower and resources into effective use.

The view that organizational structure entails the establishment of authority relationships with efforts to ensure smooth coordination between them. The coordination is in two ways, horizontal and vertical coordination in the organization set up.

There are key factors that define a quality organizational setup. They include the following:

There must be a formal method of report hierarchy from the workers at the bottom upward to the directors or CEO's as the case requires.

Activities must be properly grouped. This ensures that machinery, equipment, skill, and procedures can be established in one place under the supervision of what is known as the department head.

Activities should be properly coordinated with a coordinating authority stated to oversee the activities. Individual goals, department goals and goals assigned to specific groups should be clearly stated down with time frame stated. Goals should be monitored closely to ensure the target is met within the given time frame.

Policies, company procedures, rules and guidelines as well as company ethics exist within the organization. The purpose of these policies and rules are clearly stated down. These help to reduce some of the problems the organization may run into in the future.