BUS-FP3007 Organizational Structure and Goals

BUS-FP3007 Organizational Structure and Goals

An organization has the challenge of keeping its business structured in a way that promotes its goals and endeavors in every aspect.

Organizational structure is defined by Ottih in 2008: “A framework of roles, responsibilities, authority, and communication relationships that are deliberately designed to accomplish an organization’s tasks and achieve its objectives”[Ken13] The organizational structure is a management hierarchy, and is essential for each of, but not limited to, the following:

Achievement of goals set forth by the organization

Interdepartmental Communication

Communication with outside sources

Employee performance evaluations

Problematic prevention and solution management Organizations are a management hierarchy that serve as a clearly defined sense of order,and a sense of responsibility. The concise functions of each segment have to be functional,and productive, with a sense of purpose.

The fashion industry is fluid and ever evolving, and as so, has to keep up with the demands of the world. Human Resources, Sales and Marketing,Information Technologies, Production and Operations, Research and Development, and Finance and Accounting, all have crucial roles that are different for every type of business.For instance: Ralph Lauren uses the sales and marketing department to create brand identity and loyalty.

The Mississippi Department of Transportation has a human resource division that handles all employee’s issues, insurance and payroll needs.

Ford has a research and development segment that needs to be overhauled, because of the transmission issues that have occurred in the past few years. Organizations are created for specific reasons and goals,
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Organizational Structure and Goals 3 whether it be non-profit, or not. Organizational structure can be the great success, or complete failure of a business, and as such, everything needs to be functional and productive to achieve the goals that they have set forth. With everything in business, every business and situation is different, and may require alternative organizational structures.

Ergo, business’like Ralph Lauren set forth restructuring within their management hierarchy to compete within their ever-evolving industries. Analysis of the Fashion Industry The process of buying and selling clothing, footwear, and accessories, is a monumental multibillion-dollar industry. The fashion industry brought in more than $1.2 trillion globally in revenue within the year 2014.

The women’s segment is the most profitable, and it accounts for fifty-three percent of the revenue [Car15]. Apparel is an extremely seasonal, opportunistic business. We all know that the holidays, and the mass amounts of school shopping, is the most profitable time for fashion.

There is a brand loyalty that is necessary for longevity, and success,in the fashion industry. The ever-changing fashion trends that are a…………..

BUS-FP3007 Organizational Structure and Goals