course material

1. Please respond to 2 peers My Post: The organizational structure,
Please respond to 2 peersMy Post: The organizational structure, which provides counsel to
all employees, lays out the official reporting linkages that regulate the company’s workflow.
A thorough diagram of a company’s structure makes it simple to hire more staff and gives a
flexible and ready method of growth. No a single correct organizational structure fits every
business. A centralized organizational structure is typical in small enterprises, with the
owner making all the decisions. It can work effectively if there are only a few staff. When the
company expands, and more people are hired, a new structure may be required. Choosing
and implementing the proper organizational structure for your company can help you
maximize profits. It would help if you first created a strategic strategy before deciding on
the best organizational structure for your company.According to investing gurus Charles
Schwab, developing a strategic plan is a continuous activity that may require you to modify
your organizational structure to change business conditions. You can poll your staff to see
whether their operational and career development needs are satisfied to see if your
organizational structure is correct. If your profits are stagnant or dropping, your client or
employee happiness has declined, or your expansion objectives have changed, your
structure may be inappropriate.Peer 1: The reason there is no single organizational
structure ideal for every business is that not every business is the same and there isn’t going
to be one that fits them all. Each business is different and has different goals so one
organizational structure isn’t going to fit them all. I think the importance isn’t about
creating a single organizational structure that is ideal for all businesses, but instead a
business should look to see which organizational structure fits their business. Businesses
should look at their business and figure out which one works best for them. Is it the
functional structure? This type of business is organized into departments and each
department has managers who report to the department heads and then the department
heads report to the CEO. Another important question to ask is why is organizational
structure important? Why when creating a business whether it is small or large should they
care about which organizational structure they should choose. Organizational structure is
important because it provides employees with guidance by laying out official reporting
relationships that govern the workflow of the company. Creating an outline of the
company’s structure makes it easier to add new positions to the company, as well, as an
efficient way for the company to grow when they need to. Ingram, D. (2019, March 12). Why
is organizational structure important? Small Business – Chron.com. Retrieved April 19,
2022, from https://smallbusiness.chron.com/organizational-structure-important-

2. 3793.htmlPeer 2: Organizational structure is the method used by businesses to govern the
work flow to achieve their company goals. The reason that there is not a universal
organizational structure method is because no two businesses are the same. Each business
is unique to themselves. Using an organizational method for a large manufacturing
company will not work for a small CPA firm. Having an organizational structure in place is
very important to the success of a company. It helps to improve efficiency, departments
work like well-oiled machines increasing their productivity. Without a formal
organizational structure employees will find themselves running into difficulties without
knowing whom to report to. There are three common types of organizational structures
that each bring their own set of advantages; by function, by product, and by
geography. Organization by function is where the departments are based on the role or
function they have. Organization by product is where related products are grouped
together to form departments. These company’s could manufacture many different product
lines, consumer appliances and aviation parts for example. Organization by geography
organizes itself based on the geographic location, either by cities, states, countries, or
continents. References:Ingram, D. I. (2019, March 12). Why Is Organizational Structure
Important? Small Business – Chron.Com. https://smallbusiness.chron.com/turbotax-taxes-
13771756.html (Links to an external site.)Dlabay, L. R., & Scott, J. C. (2008). International
Business (4th ed.). Cengage Learning.