You could call NASCAR, or the National Association for Stock Car Auto Racing, a successful business but that would be an understatement. NASCAR is the biggest spectators sport in America, out of the 20 highest attended sporting events, in America in 2004, 17 of them were NASCAR events. NASCAR has 75 million Americans follow NASCAR. That is one and three people in the US that follow the sport, and it’s the number two rated regular season sport on TV in America. Their was more than 2 billion dollars in licensing in 2005 and over 200 licensees.
14. Which of the following best describes a dynamic organization? A. Creating organizations that continually focus on the internal processes to achieve goals B. Building an organization by grouping jobs into work units and allocating resources C. Identifying business functions and mobilizing leaders D. Being flexible and responsive towards customer needs and the competitive environment Correct!
General Motors General Motors Corporation (GM) is an internationally recognized, global enterprise based in the United States. The company was founded in 1908, and has some of the most recognizable names in the world including; Chevrolet, Hummer, Buick, Cadillac, and Pontiac. Measured by global sales GM was the world’s largest automotive manufacturer for 77 years, until the 2009 financial collapse, and subsequent bankruptcy and government bailout caused major restructuring throughout the company. GM then lost the global sales title in 2010 to Japanese auto manufacturer Toyota, although both GM and Toyota are likely to be ousted this year by German manufacturer Volkswagen (Bloomberg, 2011). GM has had to reevaluate the company’s organizational structure for financial solvency, and to gain a foothold against strong competition expanding into the US and developing markets abroad.
The world’s fortune 500 companies controlled an astounding 70% of the trade market, and 80% of foreign investment, and 30% of the (GDP), gross domestic product. 3,400 billion of the world assets controlled by the largest 100 companies with 40% owned in other major countries. In the past it was statistically known that 70% of the trade market with 80% investments, and 40% in off shore accounts was controlled by these multinational corporations, drawing an excessive rates from the U.S. and the majority of wealth in other non U.S. regions. Local cultures of third world countries are stratified into various areas. These countries are open to new ways of proficiencies (e.g.)
Sierra Group also uses assigned dedicated project manager to coordinate customer request while IMS utilizes a single service center to handle all customer requests. Each company has similarities and differences in the organizational structure. Each organizational structure is responsible for different task. The organizational structure of the human resource department is an example. The human resource department has to assure there is recruitment of skilled employees to fit into open positions.
This included conversations with fellow HR professionals as well as Managing Director of the company. Research into different techniques used at other organisations. 4. Findings 4.1 Organisational Factors The factors that affect an organisation’s approach to both attracting talent and recruitment selection are: Their wage structure The role that the organisation are recruiting for. Culture and Sector Business Objectives and Brand 4.2 Organisational Benefits The organisational benefits of attracting and retaining a diverse workforce are: Diverse workforce can help to understand broad range of customers.
Individual Organizational Structure Paper MGT/230 August 31, 2012 Wal-Mart is one of the largest corporations around the globe. They accommodate thousands of customers more than 200 million times per week at more than 8,446 retail units. Wal-Mart employs more than 2.1 million associates worldwide. Wal-Mart’s size is one of great proportion and requires the horizontal, divisional, and vertical organizational structures to lead as one of the largest corporations in the world. Wal-Mart’s divisional structure, according to the text, “as organizations grow and become increasingly diversified, they find that functional departments have difficulty managing a wide variety of products, customers, and geographic regions.
Strategy Implementation Paper Business strategy is the responsibility of the general manager of a business unit. The manager of the business must establish long-term objectives, and a strategy to the organization. In addition, the operational managers must set up a short- term objectives to contribute to business- level goals ( Pierce and Robinson ,2013). The document relates to the methods, which organizations use in creating as well as executing methods. Specifically this document would discuss the method of balanced scorecard or BSC method, which is extensively used by large as well as small companies.
They’re not interested in that . . . that doesn’t help them. That’s against their interests.
It was 111years ago since that first blueprint drawing by William S. Harley, and Harley Davidson as of present time has five basic models (over 75 sub-models). Worldwide Harley Davidson has more than 1500 dealerships and shipped more than 220,000 motorcycles to dealers and distributors in 2011 (Digits, 2011). Any business or organization doing business worldwide has to consider environmental factors when marketing globally and domestically. Harley Davidson Motorcycles is aware of this and has moved forward with marketing since 1907 when the company was incorporated (History of Harley Davidson, 2012). The influence of global economic interdependence and the effect of trade practices and agreements for Harley Davidson Motorcycles have changed over the years.