Organizational Structure Paper - 1253 Words

MANAGEMENT THEORY AND PRACTICE 1 Management Theory and Practice MGMT/230 MANAGEMENT THEORY AND PRACTICE 2 Looking at the organizational function of management within the Bank of America Corporation. The Bank of America structure specifically relates to the physical assets and the monetary resources of the company and how financial realities can have a major impact on the management organization of any company. A matrix structure sets up teams from different departments, thereby creating two or more intersecting lines of authority. Also, matrix addresses issues that arise with the growth, diversification, productivity, and competitiveness in its structure. Matrix structures provide flexibility, enhanced†¦show more content†¦The organizational structures and functions of any company, specified by management decisions will have an important effect upon the way that companies relate to their physical assets and monetary resources. Understanding the nature of the relationship between management structures and the two aforementioned business elements can reveal much about the way tha t the company is organized, its goals, and its expected market performance. Bank of America seems possessed of two, very nearly contradictory, management styles. On some level, this represents a transition for the corporation as it becomes larger and larger and must increasingly face the kind of problems only associated with corporations of its size. On the one hand, management at Bank of America seems to want to solve many of its problems; both legal and regulatory by simply throwing money at them. The chairperson and chief executive officer, Kenneth D. Lewis, has decided to resolve many of the company’s legal entanglements in this fashion to have them dealt with out of the public eye as quickly as possible (Boraks amp; Moyer, 2004). However, at the same time the Bank of America has spent considerable effort in expanding its physical assets through a series of mergers and acquisitions of other banking institutions, all the while cutting personnel to improve profit margins. Taken together these efforts (atShow MoreRelatedOrganizational Structure Paper 1161 Words   |  5 PagesOrganizational Structure Paper MGT 230 Organizational Structure Paper The selected organization for the topic is AAA Remodeling AAA Remodeling is a construction company that focuses on remodeling of residential homes along with weatherization on commercial and residential buildings. Description of organizational structure of AAA remodeling will be given. Two other organizational structures will be selected for the use of contrast and comparison. 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Throughout this paper, there will an analogy to the human body to help further the understanding of the concepts of structure and systems in an organization. ThisRead MoreOrganizational Structure and Culture661 Words   |  3 PagesOrganizational Structure and Culture Introduction In this week’s assignment we will be looking at organizational structure and organizational culture. We will first look at how organizational culture impacts organizational structure and vice versa. Then look at how organizational structure interacts and impacts the organization’s decision process. Organizational Cultures Impact on Organizational Structure The first part of this week’s assignment was to look at how organizational structure impacts