Corporate Business Structure

Business Structure

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The company’s business structure is considered a Corporation (SBA, 2017). It is a Corporation based on its complexity, multiple employees, and its overall global size (SBA, 2017).  As one of the leaders within this Corporation, there are multiple concepts that I need to incorporate into my management skills. These concepts include the vision statement, promotion of the mission statement, and the ability to achieve optimal organizational performance.

The vision statement is the very core of good leadership and is at the heart of good strategy (Fuller, and Green, 2017).  As leader, I will enhance the employees understanding and the characteristic differences between the vision and mission statement (Fuller, and Green, 2017). The vision statement is a definition of where the organization is headed whereas the mission statement is why the organization exists; distinguishing the differences between these two topics allows the employee to have further understanding of the organization and its future (Fuller, and Green, 2017).

Once an employee understands the organizations goals and how management hopes to achieve them then the employee can “buy-in” to their roe within the organization. This level of devotion and buy-in is a sign of good leadership. When an organization has true leadership within its management team then the management team can lead the departmental employees to optimal levels of production increasing the organizational performance overall.

Determine a company business structure 

The company business structure is Corporation (SBA, 2017).  The company is an independent legal entity owned by shareholders (SBA, 2017).  The Corporation holds all legal accountability for any actions taken by the business and any debt that the business occurs (SBA, 2017). Corporations are more complex than other business structures and historically have shown to accumulate more expenses through administrative needs, legal costs, and tax requirements (SBA, 2017).  The Corporation currently employs thousands of employees over several continents and multiple countries.

Describe the management by objectives model applied in your company

The management by objective model applied within my company is just that, an MBO (Investopedia, 2017). The Corporation uses MBO, the management model used to improve overall performance of the organization (Investopedia, 2017). The leadership involves all employees when defining objectives and developing a common ground where all can agree is the correct path for the organization (Investopedia, 2017). The simple act of participating in the creation of goals & action plans the employee has essentially already bought into the “change” (Investopedia, 2017).

This level of participation and commitment among all employees ensures a higher starting point for success. This success level is based on the employee’s level of motivation and commitment to the organizations objective goals (Investopedia, 2017). This motivation was fed by hearing their needs, wants, and ideas on the objectives.

Describe leadership in your chosen company

Leadership is different from management and should be reviewed as its own entity (Vitez, 2017).  Management coordinates multiple levels of economic resources within the business itself (Vitez, 2017).  Whereas leadership guides and establishes communication of the vision and brings forth solutions to any conflicts that may arise through resistance or confusion of the organizations meaning (Vitez, 2017).

Leadership shows patience, guidance, creativity, minimal levels of understanding and acceptance towards employees for their behavior (Vitez, 2017).  There are three types of leadership and within this organization; there is a blend of two. The Democratic and Laissea-faire are blended to create a workspace that encourages feedback, input on topics such as organizational performance as well as a hands off approach; where everyone is treated like and adult and as long as the expected work is completed then schedules are not usually considered necessary (Vitez, 2017).

Describe the team concept and using teams in your company

            Almost every employee within the Corporation does their own thing and no two people complete the same tasks every day. Even though we have departmental teams, the “team” does not work as a team in the conventional sense. Such as accounting where everyone does the same or similar tasks every day. The team structure is that everyone needs everyone else’s task to complete his or her list of items.

Each individual team member builds from the prior members work to pass onto the next peer. This form of team work represents a business form of a manufactures production line. Two people start out the month doing different tasks and then pass down the data to the next peer in line. While these same two employees start another projected task to send down the line, again no two tasks are the same and each task gains data based on the employee working the task. Once the month has completed then all data, outcomes have been completed and the process is started over again with the new month’s data.

This form of individualism within a teamwork environment allows greater responsibility within each employee. This also allows each team member to feel in control of their processes and a sense of ownership or control of the data (Magloff, 2017).  This level of ownership lends to commitment to the position and the employee is less likely to leave their position (Magloff, 2017).  This assurance of the employee staying with the organization is based on their feeling of importance and belonging (Magloff, 2017).

Although the company is large, multifaceted, and employees thousands of people, it is the little things that make it feel more like a small business that values every employees input. The management and leadership roles within the organization assist in creating understanding and acceptance for all objective models. They work hard to incorporate the organizations vision, mission, and organizations objectives into all gatherings so that they are never forgotten.

The multiple levels of hierarchy within the organization, some levels are strictly management and some levels are leaders. The larger gatherings blatantly show the separation of the two forms of upper management.  The leaders are the speakers and motivators whereas the managers are the ones giving or correcting the data being spoken. Sometimes the leaders will invite the management team to clarify data during the presentation, showing how even at the upper management levels teamwork is necessary to reach the organization’s objectives.

 

 

 

 

 

 

Reference

Fuller, J. N. (MBA) and Green, J. C. (PHD). (2017). The leader’s role in strategy. Retrieved from https://gbr.pepperdine.edu/2010/08/the-leaders-role-in-strategy/

Investopedia, LLC. (2017). Management by objectives MBO. Retrieved from http://www.investopedia.com/terms/m/management-by-objectives.asp

Magloff, L. (2017). What are the benefits of teamwork in business. Retrieved from http://smallbusiness.chron.com/benefits-teamwork-business-3250.html

U.S. Small Business Administration (SBA). (2017). Choose your business structure. Retrieved from https://www.sba.gov/starting-business/choose-your-business-structure

Vitez, O. (2017). The impact of leadership on organizational performance. Retrieved from http://smallbusiness.chron.com/impact-leadership-organizational-performance-2970.html

 

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Daniel Fortune

Daniel Fortune is a successful business professional, entrepreneur, father, and lover of travel.

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