Business Final Part

Business Final Part

Running Head: BUSINESS ORGANIZATION AND MANAGEMENT

BUSINESS ORGANIZATION AND MANAGEMENT

Business Organization and Management

Name

Institution

Business organization and management

ENVIRONMENT AND STRATEGY
SWOTAnalysisS1. We have bloggers advertising what we do thus marketing us to the people.2. Our bath bombs are suitable for people of all ages and gender.3. Ours is a full ownership making us responsible for whatever happens.
W1. Our business is retail.2. We lack adequate finances to expand the business.3. Our shop is small and the location is not quite ideal.
O1. Our bath bombs are made from organic and natural ingredients making them unique.2. Our products are suitable for all the people making very popular.3. There is no other company using the same ingredients as ours to make bath bombs.
T1. There is stiff competition from other bath bomb manufacturing companies.2. The ingredients we use to make our bath bombs are not readily available and are expensive.3. Going global may expose our company to new risks.
COMPETITORSOur main competitors are China bath bomb suppliers and Lush which is a bath bomb company based in the United Kingdom.We consider these companies as competitors because they are large companies that have already managed to go global. They are established brands and that places them at an advantage compared to our company.
COMPETITIVE ADVANTAGE AND STRATEGYOur competitive strategies are differentiation and cost leadership (Bayraktar et al, 2017). Our bath bombs are made with organic and mineral ingredients making them unique. These organic and mineral ingredients are also relatively cheaper than other ingredients used to manufacture bath bombs allowing us to price our products lower than our competitors.Our competitive strategy is our main competitive advantage. We manufacture unique products that are suitable for everyone and we price them relatively lower than products from other companies (Bayraktar et al, 2017).
ORGANIZATIONAL CULTUREThe customer is the most valuable part of our organization and we believe that everything should be geared towards customer satisfaction. We also value quality and strive to give our customers the best.Our staff members are driven by values such as honesty, integrity, creativity, and innovation among others.We encourage positive relationships among our employees so that we can promote team work and build our organization together (Warrick, 2017).
ORGANIZATIONAL STRUCTURE
ORGANIZATIONAL CHARTCEOV.PDirector M arketing Director Production Director S alesSince ours is a small company, the organizational structure is functional. The organization is divided into three departments with specific tasks: the production, marketing, and sales department. The heads of these departments are answerable to the company’s vice president who in turn is answerable to the company’s CEO (Ahmady et al, 2016).The span of control is also narrow based on the size of the company. There are not many employees in the company and each director oversees the working of the staff in his/her department (Remenova et al, 2018).
ETHICS AND SOCIAL RESPONSIBILITIESTo ensure that the employees and management behave ethically, we will communicate our ethical expectations and offer ethics training for all our staff. As part of the organization culture, we will also reward acts of ethics and punish those who behave unethically (Shafer, 2015).As part of our social responsibility, our company is already offering donations to charity. We are also making environmental friendly products and ensuring that we adhere to the legal, economic, and ethical provisions of the society (Shafer, 2015).Some of the environmental activities our company will be involved in include recycling waste that can be recycled and creating awareness on the effects of pollution. We will also clean the local streets and take part in tree planting (Shafer, 2015).
DECISION MAKING (CENTRALIZATION VS DECENTRALIZATION)In our company, we apply the decentralized decision making technique. Meetings of top leaders are held whenever there is an issue and all of them come up with a decision. Sometimes employees’ views and ideas are sort concerning a certain issue before the management decides on the way forward (Schmitt et al, 2015).
BONUS QUESTIONThe main strength of our business is our competitive strategy. The fact that we make our products with natural and mineral ingredients that are different from other products works to our advantage. We also have a strong management team that comes up with strategies to ensure that the company is focused towards its mission and vision.

References

Ahmady, G. A., Mehrpour, M., & Nikooravesh, A. (2016). Organizational structure. Procedia-Social and Behavioral Sciences230, 455-462. Retrieved from https://www.sciencedirect.com/science/article/pii/S1877042816311582

Bayraktar, C. A., Hancerliogullari, G., Cetinguc, B., & Calisir, F. (2017). Competitive strategies, innovation, and firm performance: an empirical study in a developing economy environment. Technology Analysis & Strategic Management29(1), 38-52. Retrieved from https://www.tandfonline.com/doi/abs/10.1080/09537325.2016.1194973

Remenova, K., Skorkova, Z., & Jankelova, N. (2018). Span of control in teamwork and organization structure. Montenegrin Journal of Economics14(2), 155-165. Retrieved from http://www.mnje.com/sites/mnje.com/files/mnje_vol._14_no._2.pdf#page=155

Schmitt, A. J., Sun, S. A., Snyder, L. V., & Shen, Z. J. M. (2015). Centralization versus decentralization: Risk pooling, risk diversification, and supply chain disruptions. Omega52, 201-212. Retrieved from https://www.sciencedirect.com/science/article/pii/S0305048314000759

Shafer, W. E. (2015). Ethical climate, social responsibility, and earnings management. Journal of Business Ethics126(1), 43-60. Retrieved from https://link.springer.com/article/10.1007/s10551-013-1989-3

Warrick, D. D. (2017). What leaders need to know about organizational culture. Business Horizons60(3), 395-404. Retrieved from https://www.sciencedirect.com/science/article/pii/S0007681317300113

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