MANAGERIAL ECONOMICS 1

DANIEL L MBOMEH

EVEREST UNIVERSITY ONLINE

ECP 5705

DATE 08/01/2015

Describe the organizational structure in which you work most effectively: one where there are many specialists or few?
Having a good organizational structure will lead to much better decisions by your business for its long term investment goals. The most effective structure is the team based structure. Structural development can occur in proportion to other work the organization is doing, so that it does not crowd out that work. And it can occur in parallel with, at the same time as, your organization's growing accomplishments, so they take place, side by side. This means that you should think about structure from the beginning of your organization's life. When this is done the team structure have an impactful result with everyone having a specific assignment to do and accomplish.
What are the costs and benefits of your ideal organizational structure?
The cost of specialist team structure in each area the functional organization structure clusters those with similar knowledge in the same place. Since employees grow within their field, this leads to the development of specialists, especially in technical fields. According to Practical Management, “If the organization has properly crafted performance management that promotes the visibility of individual skills, functional structure makes it easier to coach others and climb the hierarchical ladder.” The in-depth training and focused career path gives employees clear career goals and the direction to reach them.(business model and organizational structure)
How would you adapt the organization to ensure the disadvantages did not hinder the company’s goals?
I will adopt this organizational structure with accountability, productivity and performance to advance the cause of the company forward with bonuses and