Developing An Organizational Chart Is An Important Task For

Developing An Organizational Chart Is An Important Task For Business S

Developing an organizational chart is an important task for business strategists. Organizational charts must be regularly evaluated and modified to accommodate current market conditions and situations, and to accommodate any new strategies and objectives. 1.Return to The Walt Disney Company Cohesion Case in Chapter 1 and review the organizational chart on page 24. 2.What type of organizational chart is illustrated for The Walt Disney Company? 3.Recommend at least three improvements to this chart. 4.Give your reasoning for each of your three recommendations. 5.What aspects of Disney’s chart do you believe are especially beneficial? 6.In your opinion, what type of organizational chart would best suit Disney’s strategies and objectives? Explain your answer. Discussion Questions For this discussion forum, respond to the following: •Refresh our memory as to your “dream job” as a financial manager. •Write three annual (or short-term) objectives that you would use in the effort to meet the long term objectives. •Identify at least one policy that will help you to achieve each of the three long term objectives. •Justify and explain your decisions. •Describe how you will communicate these objectives and policies.

Paper For Above instruction

Introduction

Developing an organizational chart is a fundamental aspect of business strategy and management. It provides a visual representation of a company's structure, clarifies roles and responsibilities, and facilitates effective communication and decision-making. As businesses evolve amidst changing market dynamics, the importance of regularly evaluating and modifying organizational charts becomes evident. This essay analyzes The Walt Disney Company’s organizational chart, its characteristics, strengths, areas for improvement, and suggestions for alignment with Disney’s strategic objectives. Additionally, it reflects on personal career objectives as a financial manager, emphasizing goal-setting, policies, and communication strategies within organizational frameworks.

Analysis of Disney’s Organizational Chart

The organizational chart of The Walt Disney Company, as depicted on page 24 of Chapter 1 in the referenced case, exemplifies a hierarchical, functional organizational structure. This structure emphasizes clear lines of authority and specialized divisions aligned with functions such as Studio Entertainment, Media Networks, Parks and Resorts, and Consumer Products. The chart illustrates a top-down approach, with the CEO at the apex overseeing broad functional divisions and regional subdivisions. This classic depiction corresponds with a functional organizational chart, emphasizing departmental specialization and centralized decision-making.

Recommendations for Improvement

1. Incorporate a Divisional or Matrix Structure:

While the functional structure offers clarity, integrating a divisional or matrix component can improve flexibility and responsiveness. For Disney, which operates across diverse entertainment sectors and regions, a hybrid structure facilitates better adaptability to fast-changing market trends and customer preferences.

Reasoning: This approach enhances cross-functional collaboration, improves innovation, and allows more tailored strategies for specific markets or product lines, aligning with Disney’s global reach and diverse offerings.

2. Enhance Digital and Innovation Roles in the Chart:

As technology significantly influences entertainment and media, including dedicated roles or divisions for digital innovation, data analytics, and content development is vital.

Reasoning: Such additions promote agility in technological advancement, digital content creation, and data-driven decision-making, essential for staying competitive in a digital-first environment.

3. Clarify Reporting Relationships and Communication Flows:

Adjust the chart to visually emphasize dotted lines or dual reporting channels for cross-functional teams or temporary project groups.

Reasoning: Clearer depiction of flexible reporting enhances collaboration across departments, encourages innovation, and mitigates bureaucratic bottlenecks.

Benefits and Suitability of Disney’s Existing Chart

The most beneficial aspect of Disney’s current organizational chart is its clarity and hierarchical structure, which maintains accountability and streamlined decision-making. The functional divisions are well-defined, allowing executives to focus on their specialized areas, facilitating efficiency and expertise development. This structure aligns with Disney’s size and complexity, providing stability amidst diverse entertainment operations.

In my opinion, a hybrid organizational chart combining functional and divisional elements would best suit Disney’s strategic objectives. This approach supports operational efficiency while fostering innovation across particular segments like streaming, theme parks, and media production. It allows Disney to capitalize on its diverse portfolio while maintaining clear leadership lines and enhancing collaborative flexibility.

Personal Career Objectives and Strategies as a Financial Manager

My “dream job” as a financial manager involves overseeing comprehensive financial planning, risk management, and strategic investment decisions within a multinational corporation. To achieve this long-term aspiration, I would set specific short-term objectives.

Objective 1: Enhance financial analysis skills through advanced certifications such as CFA or CPA within the next year.

Policy: Allocate dedicated time and resources for professional development, including enrolling in courses and workshops.

Justification: Strengthening technical expertise ensures more accurate financial forecasting and analysis, critical for strategic decision-making.

Objective 2: Develop proficiency in financial software systems, such as SAP or Oracle Financials, within six months.

Policy: Partner with IT and finance departments to gain hands-on experience and training.

Justification: Proficiency in these systems increases efficiency and allows better integration of financial data for strategic insights.

Objective 3: Network with industry professionals and attend at least three financial management conferences annually.

Policy: Register early, seek mentorship opportunities, and participate actively in professional associations.

Justification: Building a network fosters knowledge sharing, mentorship, and strategic opportunities vital for career progression.

Effective communication of these objectives involves regular updates through team meetings, progress reports, and personal development reviews. Clear articulation of how each policy supports long-term goals fosters understanding and accountability within organizational frameworks.

Conclusion

Regular evaluation and customization of organizational charts are crucial for aligning company structure with strategic goals, especially in dynamic industries like entertainment. The Walt Disney Company’s existing hierarchical, functional chart provides stability but can benefit from hybrid enhancements to boost responsiveness and innovation. Similarly, personal career planning emphasizing specific objectives, policies, and communication strategies is essential for professional growth. Both organizational and individual strategies must remain adaptable amidst evolving market and career landscapes to ensure sustained success and competitive advantage.

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