Explain shared service centre model, Strategic Management

Assignment Help:

TFX is a multinational company which manufactures and retails branded designer clothing with business units in a number of different countries globally. Up unless now, each of the business units has had its own finance department.

 The company recently appointed an external consultancy company to undertake an internal review of the organisational structures to establish if they are 'fit for purpose'. One of the outcomes of the review is the recommendation that the finance function should be transformed, moving to a shared service centre model.

In taking this recommendation forward a number of factors will needs to be considered, for instance any possible difficulties of moving to a shared service centre model, and also in which country the shared service centre should be established.  The execution of a shared service centre will also require the formation of latest teams of staff.

Explain how TFX Company should develop and build the new finance teams, if the move to a shared service centre goes ahead.

If the decision is made by TFX Company to go ahead and establish an SSC, this will result in groups of staff coming together to form latest finance teams.  As such, the managers of the several teams should not suppose this happens automatically and need to be proactive in building the teams. Tuckman's team development theory would be a helpful framework to use in order to consider the stages the latest teams will need to go through before they can be effective in the SSC. Indeed, staff might be move from other countries to work in the SSC. 

The four stages identified are:

 Forming

 Storming

 Norming

Performing

 


Related Discussions:- Explain shared service centre model

Strategic management, explain strategy as an organisational process

explain strategy as an organisational process

Evolution and revolution in Hi-Fi sector, 1. Identify and discuss strategic...

1. Identify and discuss strategic capabilities (resources and competences) of the chosen company using appropriate strategy tools and identify strengths and weaknesses for the firm

Determine best strategy, The number of households in a certain community is...

The number of households in a certain community is given by h(t) = 1:26t 2 +7800 households t years after 2001. The proportion (expressed as a decimal) of the households in this s

Aim of a transfer pricing system, Q. Aim of a transfer pricing system? ...

Q. Aim of a transfer pricing system? Aim of a transfer pricing system could be tax avoidance Different countries have varying tax rates.  A multi-national company can set up su

Methods for evaluating the performance of divisions, Q. Methods for evaluat...

Q. Methods for evaluating the performance of divisions? Profit based methods for evaluating the performance of divisions Operating profit (net profit) margin  =

Show the relationship between equity and debt, Q. Show the relationship bet...

Q. Show the relationship between equity and debt? Gearing is the relationship between equity and debt.  Debt is generally long term liabilities that the organisation has.  Equi

Topic on training, need to make a memo to company executives explaining why...

need to make a memo to company executives explaining why adequate training is important to the company and how the financial costs can be justified

What is strategy & why strategy is important?, What Is Strategy & Why Strat...

What Is Strategy & Why Strategy Is Important? Managers at all companies facade three innermost questions in view strategically concerning their companies' current circumstances

What do you mean by dual pricing, Q. What do you mean by Dual pricing? ...

Q. What do you mean by Dual pricing? Dual transfer pricing means setting one transfer price for the internal seller and another transfer price for the internal buyer.  The basi

Write Your Message!

Captcha
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