Contrast the tradeoffs involved, business and finance homework help

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Business Finance

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Contrast the tradeoffs involved when an organization decides it is going to restructure. Be sure that you evaluate the critical organizational design variables that you would want to consider if you were heading up such a project. Next, evaluate the organizational chart for your current organization. Provide recommendations for revising the organizational design so it more effectively serves the mission of the firm and its many stakeholders.Must have 1 academic reference in APA

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Explanation & Answer

Attached.

Running head: ORGANIZATIONAL RESTRUCTURING

Organizational Restructuring
Student’s Name
Institutional Affiliation

1

ORGANIZATIONAL RESTRUCTURING

2

Organizational Restructuring
No business organization can function employing a certain single strategy for the longterm. As time changes, business competition increases and the management find themselves
being pushed to the wall to come up with other possible strategies to maintain competitiveness
(Barkema & Schijven, 2008). Thus, with changing times and changing business conditions,
restructuring morphs into an important option for a manager to implement to help a company
stay on track. Organizational restructuring entails the top management making changes to the
structure and setup of an organization (Barkema & Schijven, 2008). Nevertheless, it is
imperative to note that restructuring comes with both its positive and negative effects. Such
changes as restructuring affect the flow of authority, responsibility, and access to information
across various departments in an organization.
One of the advantages of organizational restructuring is that it aids a firm remain flexible
and exploit the opportunities available in the market. Change is inevitable; restructuring helps the
management come up with various strategies for ascertaining more productivity and
competitiveness in the market. Additionally, restructuring empowers the management to change
its workforce by laying off non-performing workers and, in return, hiring new productive
employees, eager to make an impact in the company. Notably, as managers try to undertake the
restructuring process, employees either support or resist the change, culminating in some feeling
unwanted in the firm.
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