Thursday, February 27, 2020

CA Inter SM, Matrix Structure|Organization Strategic Leadership |Chapter...

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CA Inter SM, Matrix Structure|Organization Strategic Leadership |Chapter 7.1 SM Revision|SM CA Inter




CA Inter SM, Matrix Structure|Organization Strategic Leadership |Chapter 7.1 SM Revision|SM CA Inter







CA Inter SM, Matrix Structure, Organization Strategic Leadership, Chapter 7.1 SM Revision, SM CA Inter







Matrix structure is often found in an organization when the following three conditions exist:

AIR

1.Abilities to process information  to improve decision making process.

2 Ideas need to be cross- fertilized across projects or products,

3 Resources are scarce,

Advantages of matrix structure

       1.Project objectives are clear,

2 Many channels of communication

3 Workers can see the visible results of their work,

4 Shutting down a project is accomplished relatively easily once project is over

5  Addition of new products, customer groups, and technology to their range of activities is possible.

6 Product managers, Functional managers, and geographic managers, all of them involved in strategic responsibilities .

7 Help in setting priority



Limitation of matrix structure

Follwing are diadvantages

1 Difficulties in implementation and trouble in managing is the reason, matrix structure is not that popular

2 It is complex because it depends upon both vertical and horizontal flows of authority and communication

3 Higher overheads because it has more management positions.

4 Dual lines of authority  is a violation of the unity command principle

5 Dual sources of reward and punishment.Dual reporting channels etc



How can matrix structure be more effective

In order to make matrix structure more effective, organisations need to follow following steps-

PTC ME

Planning,

Training,

Clear mutual understanding of roles and responsibilities,

Mutual trust and confidence..

Excellent internal .communication



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Important Playlist



Financial Management - http://bit.ly/FM_Playlist

Revision Class SM 2019 Nov - http://bit.ly/SM_Revision_Playlist

Strategic Management Old Syllabus - http://bit.ly/SM_Old_Syllabus_Playlist

Strategic Management - http://bit.ly/SM_Playlist



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