Managing in a global economy Essay Example | Topics and Well Written Essays - 2000 words

Managing in a global economy - Essay ExampleThe candies include a conformation of candy and chocolate clusters, caramels, creams, truffles and molded chocolate bars. Individual franchise stores make a variety of caramel and apple candies, fudge, chocolate items and other assorted candies. The participation needs to open a franchise store in Singapore. This paper seeks to develop an organizational structure, financial analysis and human resource practices that will suss out success of the franchise in the new location.Functional authority organizational structure will be used for the Singapore franchise. The structure is preferred because it is dewy-eyed and clearly defines roles and functions of each department. The hierarchy of authority and channels of communication be well defined to facilitate smooth operations and eliminate any confusion. A simple organizational structure is appropriate for the new business because it cuts down administration costs and increase efficiency, which is greatly needed for the franchise to break even off and become profitable. The job positions for this structure include line positions and staff positions (Milgrom & Roberts, 2013). Line positions are responsible for the attainment of the companys goals and objectives. The staff positions provide expertise, advice, and software documentation for the line positions. The line officers/managers have line/direct authority that they exercise to attain organizational goals. The staff officers/managers have functional authority to advice line officers and get by their work.Related jobs are combined to form a functional unit. For example, the chocolate and candy products are placed in different departments. Within these departments, there are sub-divisions that specialize in different activities such as mixing the recipes and adding different flavors e.g. caramel department is different from sub-division that makes fudge or truffles. Functional departmentalization simplifies the operations and makes it realistic to