The relationship between business objectives and organisational structure
1. Business objectives are the goals that a company sets for itself to achieve in the short or long term.
2. Organisational structure refers to the way a company is organised, including its hierarchy, departments, and reporting lines.
3. The relationship between business objectives and organisational structure is that the latter should be designed to support the former.
4. For example, if a company's objective is to increase sales, it may need to restructure its sales department to be more efficient and effective.
5. Similarly, if a company's objective is to expand into new markets, it may need to create new departments or teams to support this goal.
6. The organisational structure should also be flexible enough to adapt to changing business objectives over time.
7. A company's culture and values should also be reflected in its organisational structure to ensure alignment with its objectives.
8. The relationship between business objectives and organisational structure can impact employee motivation and engagement.
9. A well-designed organisational structure that supports business objectives can lead to increased productivity and profitability.
10. Regular evaluation and adjustment of the organisational structure can ensure that it continues to support the company's objectives.