Business Organizations
Today’s trend towards greater project-based complexity makes
organizational culture and designs the central theme behind the
ultimate success and failure of any given project. With the emergence
of global markets, projects now take on a wide distribution of project
teams scattered across multiple organizations in a particular supply
chain. If a particular organization is not trained to take on these
new complexities, the selection of a project is thus limited towards
smaller and menial tasks. Most organizations fall under two specific
forms- organic and mechanistic (Olson & Branch, 2002). Organic
companies have a culture in place that deals more with rapidly
changing markets and technologies. Mechanistic companies are more
effective in stable markets that usually do not require a quick
turnover of new projects (Olson & Branch, 2002). Depending on how the
organizational design and the employees who drive these decisions are
defined, the culture is often times the overlooked intangible that
will determine success.
Technology enables employees to better manage complex projects, but
without the right people and the right organizational culture in
place, the propensity for delays, increased costs, and poor quality
will ensue. Effective project management is a function of teamwork,
leadership, communication and cultural ambience. Marvin Weisbord
author of Organizing for the Future, states that project based
organizations must be comprised of the four following elements needed
for success:
· Interdependence (working on important problems in which each
participant has a stake)
· Leadership
· Joi...
... middle of paper ...
...d strategies, he/she
must first begin to unite the team.
REFERENCE
Gray, C & Larson, E. (2003). Project Management: The Managerial
Process. McGraw-Hill Companies.
Melymuka, Kathleen (2004). How to Pick a Project Team
Retrieved June 6, 2005, from www.computerworld.com
Olson, J & Branch, K. (2002). Teams and Project-and Program based
Organizations,
Department of Education. Retrieved June 6, 2005, from
www.science.doe.gov/sc-5/benchmark.
Pacelli, L. (2005). 5 Simple Strategies for Unifying Your Project
Teams. Debt Cubed. (20) (1) pg. 20 (2). Retrieved on June 6, 2005
from EbscoHost on the World Wide Web: at www.appollolibrary.com
Weisbord, Marvin R. (1987) Productive Workplaces: Organizing and
Managing for
Dignity, Meaning, and Community. San Francisco: Jossey-Bass
Publishers.
Over the past 37 years, The Nike Brand has evolved into a successful multi-billion dollar corporation. It has also grown to be the world's largest marketer of athletic footwear and apparel. The company’s products are sold in over 180 countries worldwide and 20,000 retail stores domestically. Nike also operates retail stores overseas such as Nike Towns and factory outlets. Although Nike is involved in the design, development, and marketing of the product; the products are manufactured independently. In addition to its wide range of athletic shoes and apparel, the company also sells Nike and Bauer brand athletic equipment, Cole Haan brand dress and casual footwear, and the Sports Specialties line of headwear.
Frame, J.D., Managing Projects in Organizations: How to Make the Best use of Time, Techniques and People, third ed., San Francisco: Jossey-Bass,112-117, 2003.
What major technology change has had the greatest impact on the quality of your life?
As argued by Huemann, we have to assure quality by the project team, focusing on goal orientation and personal development and our organization should be an organizational learning by projects (Huemann & Gareis, 2000). In Our organization, we will adopt the principle of Project-Oriented Organization POO, for many preferences. As stated by the (Gareis and Huemann 1998), competencies are not only required by individuals, but also by project teams and by organizations. Further to this point, (Gareis and Huemann 1998) clarifies many things. The PM capabilities of people, task groups, and associations can be portrayed, measured and further created. As a task, the administration must be considered as a center fitness of the function based association (brought in this part the Project-Oriented Organization, POO); the Association must unequivocally grow this skill. Based on the philosophy of Gareis and Heumann, we could observe further characteristics of the
Since the concept of Project Management is broad, many different aspects of a business rely on successful Project Management. “Projects” can include product line development, attaining company goals, boosting employee morale, and product costing, to name a few. This area of business is important because it determines every minute detail required to get the product produced and to the consumer. There are several steps required to assure project success. These steps are briefly outlined in the following paragraphs.
Exploring the Types of Business Organisations There are two Business Sectors: Public Sector These are businesses owned and run by the government. Some examples of Services provided in the public sector are the postal service, schools, colleges, housing environment, some bus and train services, fire, police, ambulance and local justice and social services. Their method of raising capital is different as Private Sector businesses have to raise their own capital e.g. their own money, a bank loan etc. The Public Sector business can get the money required from the Treasury or from local rates.
Partnerships are also easy to start because there are few formalities. The main advantage is that she will have additional capital to invest in the business. In partnerships the partners share the risk and exchange ideas. The responsibilities will also be shared. The main dis...
Frequent changes in a project by senior management, rather than involved support by senior managers, contributes significantly toward project failure (Hickson, 2015). Understanding the benefits of project management by those in senior management positions, who are acting as sponsors and leaders, is also vital to project success (Hickson, 2015). The project management methodologies initiated by senior managers often fail to favorably influence project success (Ancosky, 2013). Even when project management methodologies are used, they provide little benefit without proper governance (Young & Poon, 2013). Research has also demonstrated that senior managers play an important role in the success of projects (Ancosky, 2013; Hickson, 2015; Young & Poon, 2013). Senior managers should know more than just the benefits of project management methodologies, they must understand project management concepts and how to leverage these concepts within the organization (Ancosky,
Patanakul, P., & Milosevic, D. Z. (2010). They are business leaders at Spotlight Corporation. In D. Z. Milosevic, P. Patanakul, & S. Srivannaboon, (Eds.), Case studies in project, program, and organizational project management (pp.409-416), Hoboken, NJ: John Wiley &
The Different Ways Organizations Can Be Structured and Operated There are four major ways a company - organization can be structured and operate. P.C.G (o) Ltd I would dare say that is structured and operates with the functional structure. In order to make it clear and understandable I am analyzing here below the four ways that organizations can structure and operate. We will observe that all four structures have there advantages and disadvantages. In order also to assist you understand better the differences of the four ways that organizations can be structured see in Page 4 & 5 Figures 1,2,3 which are the layout of the organization charts for each structure: 1.
There is an immense difference in project management between a large traditional organization, a technology company and a startup. To begin with, project management practice in a traditional company is superlative, well-defined and show a sustained approach. They have a balanced strong metrics and internal communities to maintain personalized methodologies and tools to achieve project deliverables. However, in a large technology company project management is complicated as the business needs keep changing with the demanding stakeholders from traditional organization. Project management in an IT organization ensures that a factual technology is applied to provide a direct solution to the organization. Also, management is well planned with the appropriate consideration given to schedule, risk, resource and quality management. Unlike in larger organizations, a startup company has a creative disruption and not a well-established i.e.
Project team members have multiple loyalties and if the team is not cohesive, these divided loyalties can be harmful to the success of the project. However, the variety of team building techniques can be undertaken to help make teams in working environments more cohesive and successful. The seasoned and successful managers and leaders will continually analyze the team; determine which of Tuckerman’s phases the team is in, as well as the needs of individuals, so that effective team building techniques can be employed appropriately (Davey, Karen).
The following are six forms of business organizations. Each form includes a description of the form and its key characteristics, advantages and disadvantages with respect to the following categories: Liability, Income taxes, Longevity, Control, Profit retention, Location (Expansion) and Convenience.
Business organization: A group of people organized for making profit in a collective way is known as business organization. For instance, Unilever Ltd and Lindum Group.
When planning a new project, how the project will be managed is one of the most important factors. The importance of a managers will determine the success of the project. The success of the project will be determined by how well it is managed. Project management is referred to as the discipline that entails the processes of carefully planning, organizing, controlling, and motivating the organization resources so as to foster and facilitate the achievement of specific established and desired goals and meet the specific criteria of success required in the organization (Larson, 2014). Over the course of this paper I will be discussing and analyzing the importance of project management.