Business Process Perspective
The study of the company’s annual reports reveals that it has processes in place for internal audit, internal control and financial reporting (Kemira Oyj, 2014b). The operative organization is divided into four segments with each segment being considered to be a regional business unit (Kemira Oyj, 2014b).
The regional business units are guided by policies defined by Global Functions, which provides guidelines for respective functional areas like supply chain management, human resources and finance (Weiner & Partner, 2013). The regional heads provide operational support and oversee all regional development projects (Kemira Oyj, 2014b). They are responsible for the profits of their regions.
Learning and Growth
The study of information available on Kemira’s corporate governance mechanisms revealed that the organization’s employee engagement index deteriorated significantly from 70% in 2011 to 58% in 2013 (Kemira Oyj, 2014b). It appears that the percentage of employees providing information about tehr organizational engagement has also reduced significantly in recent years (Kemira Oyj, 2014b: Robbins, 2002). Whilst the firm’s website informs that the drop in engagement was probably due to the organizational restructuring and negotiations that were going on at the time of the survey, these figures do reveal inadequate organizational attention to employee learning, growth and advancement ( Kemira Oyj, 2014b). The company’s internal survey also found that accountability for low performance in the organization was an area of weakness (Kemira Oyj, 2014a).
2.9 McKinsey 7S Framework
The Mckinsey 7S model, which was developed by Peters and Waterman in the early 1980s, states that organizational effectiveness depe...
... middle of paper ...
...ard Business School Publishing.
Simmons, R., (2005), Designing High- Performance Jobs, Harvard: Harvard Business School Publishing.
Spencer, T., (2008), “McKinsey 7 S framework”, Available at: www.tomspencer.com.au/2008/09/13/mckinsey-7-s-model-analysis (accessed March 08, 2014).
Valuewalk.com, (2010), “KEMIRA OYJ (FRANKFURT: KEM)”, Available at: premium.valuewalk.com/wp-content/private/.../Kemira_OYj-PDF.pdf (accessed March 08, 2014).
Warren, K., (2008), Strategic Management Dynamics, John Wiley & Sons Ltd: Chichester.
Weiner & Partner, (2013), “Kemira - SWOT analysis. Strength, Weaknesses, Opportunities, Threats”, Available at: http://swot.advisorgate.com/swot-k/21535-swot-analysis-kemira.html (accessed March 08, 2014).
Williamson, D., Cooke, P., Jenkins, W., & Moreton, M. K., (2003), Strategic Management and Business Analysis, UK: Butterworth-Heinemann.
2. Thompson and Strickland (2002), Strategic Management: Concepts and Cases, 13th Edition, Chicago Irwin Publications.
In order to ensure an organization’s financial order, auditors with international standards are a vital part. However, very few auditing companies exist in Afghanistan that can provide auditing services in compliance with international accounting standards. Fortunately, ACC is one of those few auditing firms that can confidently say that its auditing services are in the highe...
SWOT Analysis of Lucozade identified the strengths, weaknesses, opportunities and threats. The analysis helps to uncover opportunities that can be taken advantage of and overcome the weaknesses to make Lucozade successful as a business.
. Wheelen, T. L., & Hunger, J. D. (2012). Strategic management and business policy: Toward
Hill, C. & Jones, G. Strategic management: an integrated approach, 5th ed. Houghton Mifflin Company: Boston. 2001.
Pearce, J.A., & Robinson, R.B. (2013) Strategic Management: Planning for Domestic and Global Competition. (13th Ed.). Boston, MA: McGraw-Hill/Irwin. ISBN-13: 9780078029295
Pearce II, J. A., & Robinson, R. B. (2011). Strategic Management 12th Ed. New York: McGraw-Hill/Irwin.
SHRM Foundation Executive Briefing (2012). Employee Engagement: Your Competitive Advantage. Retrieved December 4, 2013, from http://www.shrm.org/about/foundation/products/Documents/Engagement%20Briefing-FINAL.pdf
Hill, C & Jones, G 2009, Strategic management theory: an integrated approach, Cengage Learning, New York, NY.
David, F. R. (2005). Strategic management: concepts and cases (10th ed.). Upper Saddle River, N.J.: Pearson Prentice Hall.
It has been accepted that the term employee engagement was introduced by the Gallup Research group (Beverly Little 2006). Gallup Organization introduced the term after conducting interviews and surveys of employees for more than 25 years. The group was hoping to create a measurement of a workplace that can be used to compare other work places. The research that was conducted was published in their book ‘break all the rules’ . The findings of the Gallup group was named as Gallup Workplace Audit (GWA) and it is used to measure the relationship between employee engagement on retention, profitability and productivity. Those who score high in GWA is considered as highly engaged
Thompson, Arthur A., & Strickland, Alonzo J. 2003. Strategic management: concepts and cases. New York: McGraw-Hill/Irwin.
• Hitt, Michael A; Hokisson, Robert E.; Ireland, RD. Strategic Management. 6th Ed., Masson, Ohio: Souht. Wester 2005.
John G. S., 2008: Strategically thinking about the subject of Strategy [e-journal] 9(4) p.2 Available through:
Pearce, J. A., & Robinson, R. B. (2013). Strategic management: planning for domestic & global competition (13th ed.). New York: McGraw-Hill/Irwin.