Month: November 2021

PLANNING A plan – This refers to a predetermined course of action for achieving objectives. It’s a frame work that details the methods and tasks that are to be implemented in order to achieve organizational goals. Plans may be tailored Read More …

SOURCE OF AUTHORITY Formal authority: This authority is drawn from organization hierarchy i.e. it is drawn from the position occupied by the superior in the hierarchy. Competence/ technical authority: This the authority that flows from the knowledge or technical expertise Read More …

TYPES OF ORGANISATIONAL STRUCTURES. Geographical structures Hybrid design Has both divisional units and functional departments located at the corporate HQS. A company may have HR department located at the HQs. The HR department will serve all other divisions / branches Read More …

Job Design Job design is the assignment of tasks and responsibilities that define the jobs of individuals and units. Each organization has distinct areas of work specialization i.e the degree to which the work necessary to achieve organizational goals is Read More …

ORGANISING FUNCTION It  is  a  process  of  dividing  work  into  convenient  tasks  or  duties  or  groups  of  duties,  delegating authority to each post and appointing qualified staff to be responsible so that work may be done as planned. As a Read More …

COMPETITIVE ADVANTAGE  Porter based on the five forces proposed three principle strategies which he called Generic strategies that could be used to maintain a sustainable competitive advantage namely: Overall cost leadership-this is where a firm sets out to become a Read More …

ANSOFF’S PRODUCT MARKET GROWTH MATRIX The Ansoff Growth matrix is a tool that helps business to decide their product and market growth strategy. Ansoff’s product/market growth matrix suggests that a firm’s chances to grow depend on the type of product Read More …

FORMULATING CORPORATE LEVEL STRATEGIES Strategic options / Grand Strategies Based on the above strategies a firm can take the following grand strategies at corporate level: Integration strategies Forward integration–this involves gaining ownership or increased control over distribution channels. It eliminates Read More …

STRATEGY FORMULATION  Strategy formulation is the process of determining appropriate courses of action for achieving  organizational objectives and thereby accomplishing organizational purpose. Strategy Formulation is the process of developing the strategy. And the process by which an organization chooses the Read More …