(Solution) CIPS Strategy Relationship with Corporate, Business and Functional Structures
New User Gifts
First Order Deal get Ksh 200 Off.
Original price was: £ 50.00.£ 10.00Current price is: £ 10.00.
Payment Methods:
Description
Solution
2.0 Strategy Relationship with Corporate, Business and Functional Structures
For modern entities, strategy anchor entire decisions which need to be made and integrated to the organisation operations. The rationale of this is what CIPS (2022) identify as inappropriate strategy affecting success of staff in their operations. In line with figure 2 summary, a strategy can be categorised into corporate, business and functional.
Figure 2:Organisations Strategy Pyramid
2.1 Occidental of Oman Organisation Structure
The importance of evaluating an organisation structure is to manage people and departments holistically, flexible and an autonomous people practices (CIPS, 2022a). In figure 3 organisation structure, by use of functional organisation structure, they are able to ensure that their different departments work in collaboration to achieve their intended goals.
Figure 3:Occidental of Oman Organisation Structure
For Oxy organisation, corporate objectives are to ensure right assets are in the hands of remarkable people guided by passion of outperforming. In Oxy (2022), their operations border from profits acquisition to establishing viable, cost-efficient strategy to limit the challenges with energy and protect their environment for their future populations. In this regard, for Oxy flat structure, they clearly stipulate staff roles in their organisation. This is with elimination of many management levels therefore having an improved coordination and engagement. Further, Oxy management capitalise on efficient decision making with entire costs of operation reduced considering Middle-Level Management is eliminated.
Further, the corporate aim of Oxy is to ensure sustainable energy is accessed by their clients. This is while assuring affordable and sustainable operations in their different markets globally. The organisation mission is driving change to achieve an appropriate, green future through quality installing energy technologies both in the companies locations and also individual homes. Therefore, in line with Nwachukwu and Vu (2020) recommendation, strategic aim is important for ensuring their alignment with their mission and vision. Considering Oxy company, the importance of their strategy is establishing a roadmap to inform and guide success in navigating on mission and strategies set.
Please click the icon to access this assessment in full
Related Papers
(Solution) 7C001 ‘Mantra’ Should Underpin Managers Approach to Restructuring an Organisation
(Solution) New 7C001 Level 7 Question 5 Effects of Technological Developments on Recruitment and Selection in Organisations
(Solution) ROSHN CIPS PIN Procurement Cycle and Sourcing Activity
(Solution) CIPD Question 1: Components of Reward Strategy; Vertically align with organisation strategy and horizontal with other people practices within an organisation
(Solution) CIPS Module 3 Sourcing Essentials (PSE)
- Streamline the PQQ process to reduce onboarding time and ensure suppliers meet compliance and quality standards more efficiently.
- Cultivate long-term relationships with key suppliers for critical infrastructure projects to ensure timely and high-quality delivery.
- Use data analytics to enhance supplier evaluation, improving decision-making accuracy and reducing supply chain risks.
- Increase the use of eSourcing tools to boost competition among suppliers, potentially reducing procurement costs.
- Regularly run mini-competitions to ensure competitive pricing and maintain high service quality.
(Solution) CIPS New PDV- Driving Value Through Procurement and Supply; Managing Expenditures with Suppliers
- Based on the above discussion, this paper has demonstrated that procurement and supply functions in an organisation are critical in reducing costs, ensuring cost-effectiveness and value for money.
- The procurement department at RCU is key to preventing adverse effects resulting from the adoption of new technology within the industry.
- Each organization has its set of rules and blueprints that determine the procurement and supply activities. These rules are beneficial to the organization in several ways, which include improving financial stability, lowering business risk, increasing employee performance, and creating better supplier relationships.
- Investors’ involvement in the procurement and supply process is critical since it facilitates business transformation.
- Effective procurement and supply management is important to organizations because it is central to the success of organization. The procurement department at RCU focused on the purchase of IT software as the area of spend.