Business Finance - Operations Management Week Three POWERPOINT ASSIGNMENT. 16-18 SLIDES. APA FORMAT. USE NOTES SECTION INCLUDE 150 MIN. IN NOTES SECTION. PLEASE SEE ATTACHMENT FOR INSTRUCTIONS.

Formulating an Efficient Organizational Structure

Team structures are ways to organize people into groups based on their roles, responsibilities, and how they work together. 

Some examples of team structures include: 

· Functional structure: Groups employees by what they do, which can lead to more creativity 

· Circular structure: Similar to a hierarchical structure, but with higher-level team members in the inner circle and lower-level team members in the outer circles 

· Market-based structure: Groups people by industry, market, or customers, which can help employees focus on the needs of a specific sector 

· Hierarchical structure: A traditional organizational model that follows a chain of command, with the most senior roles at the top 

· Network structure: Allows teams to communicate more information within networks 

· Flat structure: An organizational structure with only a few layers of management, which can distribute power and responsibilities equally 

· Process-based structure: Divides an organization into units responsible for specific processes, such as research and development, customer acquisition, and customer support 

When deciding on a team structure, it's important to consider how well it matches the size of the team or organization, and if it clearly defines roles and responsibilities. 

References

· Ansary, S. A. (2022, December 25). 25 characteristics of effective team in the workplace.  CareerCliff. https://www.careercliff.com/characteristics-of-effective-team/

· Martinez Ayala, D. F., Balasingam, B., McComb, S., & Pattipati, K. R. (2020). Markov modeling and analysis of team communication.  IEEE Transactions on Systems, Man, and Cybernetics: Systems, 50(4), 1230–1241. https://doi.org/10.1109/TSMC.2017.2748985

· Stucky, C., Jong, M. J, Kabo, F., & De Jong, M. (2020). Military surgical team communication: Implications for safety.  Military Medicine, 185. https://doi.org/10.1093/milmed/usz330

Formulating an Efficient Organizational Structure

Team structures are ways to organize people into groups based on their roles, responsibilities, and how they work together. 

Some examples of team structures include: 

· Functional structure: Groups employees by what they do, which can lead to more creativity 

· Circular structure: Similar to a hierarchical structure, but with higher-level team members in the inner circle and lower-level team members in the outer circles 

· Market-based structure: Groups people by industry, market, or customers, which can help employees focus on the needs of a specific sector 

· Hierarchical structure: A traditional organizational model that follows a chain of command, with the most senior roles at the top 

· Network structure: Allows teams to communicate more information within networks 

· Flat structure: An organizational structure with only a few layers of management, which can distribute power and responsibilities equally 

· Process-based structure: Divides an organization into units responsible for specific processes, such as research and development, customer acquisition, and customer support 

When deciding on a team structure, it's important to consider how well it matches the size of the team or organization, and if it clearly defines roles and responsibilities. 

References

· Ansary, S. A. (2022, December 25). 25 characteristics of effective team in the workplace.  CareerCliff. https://www.careercliff.com/characteristics-of-effective-team/

· Martinez Ayala, D. F., Balasingam, B., McComb, S., & Pattipati, K. R. (2020). Markov modeling and analysis of team communication.  IEEE Transactions on Systems, Man, and Cybernetics: Systems, 50(4), 1230–1241. https://doi.org/10.1109/TSMC.2017.2748985

· Stucky, C., Jong, M. J, Kabo, F., & De Jong, M. (2020). Military surgical team communication: Implications for safety.  Military Medicine, 185. https://doi.org/10.1093/milmed/usz330