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Submitted By ajaykumar535
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1. Given two profit making organizations, one a manufacturer of widgets and the other a financial analysis firm, would your approach to managing the workforce of each be the same or different. Explain.

I will use different types of organizational structure for two companies.

Company manufacturing widgets (Ford):
I will use functional structure to manage the workforce in Ford Company because of the following reasons:

(1) Benefits of Specializations:
The whole company is divided into many departments on the basis of major activities to be performed. Each department is headed by an expert manager. This results in more and better work being accomplished in much lesser time. Hence, the benefits of specialization become available.
(2) Coordination is established:
All the persons working within a department are specialists of their respective jobs. It makes coordination easier at the departmental level.

(3) Managerial Efficiency is increased:
It helps in increasing managerial efficiency because of performing the same work again and again. Further, this results in increased profit.

(4) Minimal Duplication of Efforts:
In this type of organization unnecessary duplication of efforts is eliminated. For example, the function of finance is only carried out by the finance department. There is no need to establish two or more departments. It makes it possible to utilize the human and other resources effectively.

(5) Training is facilitated:
It facilitates the training of personnel as the focus is only on a limited range of skills. For example, the employees of finance department are given training of financial issues.
The organizational structure on the basis of functions is shown in the following diagram:

(6) Equal Weight age to All Functions:
It ensures that all the functions/activities get equal weight age.

For the second Company Financial…...

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