INTRODUCTION OF ORGANISATIONAL STRUCTURES When a work group is very small and face-to-face communication is frequent, formal structure may be unnecessary, but in a larger organization decisions have to be made about the delegation of various tasks. Thus, procedures are established that assign responsibilities for various functions. It is these decisions that determine the organizational structure. In organizational structure the people and jobs will be allocated accordingly in order to achieve the
are below the prices of its competitors. An Oligopoly is a market structure where the market is dominated by a few firms. Unlike the theoretical perfect competition market, Oligopolies exist in real life. A market structure that is dominated by two companies is known as a duopoly. An example of an oligopoly is the soft drinks market that is dominated by Coca-Cola and Pepsi (Zheng, 2013). Oligopolies can be categorized according to the type of product they produce. The
The Monopolistic Competition is a market structure characterized by a large of seller and buyer; differentiated though comparable, products; free entry and exit; perfect information; and the opportunity for normal profits in a long run equilibrium. The monopolistic competition and oligopoly models of seller behavior, it is important to recognized the dynamic nature of real world and exist when individual producers have to moderate influence of over the product prices, where each product enjoys a
strengths that represent value to the organization and weaknesses that hinder the organization’s ability to compete. Opportunities that help the organization to stay as the leaders in the market and threats that affect negatively on the financial returns of the organization are
Organizational structure refers to the division of labor as well as the patterns of coordination, communication, work flows and formal power that direct organizational activities. (McShane & Glinow, 2013, p.430). An organizational structure reflects the organization’s culture and power relationships. According to McShane et al. (2013) p. 430 stated that organizational structures are frequently used as tools for change because they establish a new communication patterns and align employee behavior
original vertical differentiation structure since an additional market needs coordination. Therefore, an international division structure should be implemented, which is the original domestic structure that contains its domestic divisions plus a new international division. This means that each division will keep its original responsibilities in terms of operating decisions, but the headquarters need to take an extra division into account. A disadvantage of this structure is the possible inhibition of
Kingdom and France are working on a legal framework to develop a market for Islamic finance in order to become one of the Islamic financial centers of Europe. These European countries have made efforts to change their legislation to facilitate Islamic financial products and capitalize on the growth of the sector. Sukuk is considering as Islamic bonds, there is a major difference between a sukuk structure and a conventional bond structure. The main reason for these differences has to do with the fact
there is a market structure. The market structure can affect the price of a firm to charge on their products in the industry. The market structure can be defined as the number of firms that produce identical goods and services in the market. In general, the market structure can be categorized into four: perfect competition, monopoly, oligopoly and monopolistic
Market Structure Firms may operate in different types of market structures with varying degrees of competition. At one extreme lies perfect competition which is a market with the highest level of competition. It is also used as a yardstick to assess other market structures. At the other extreme stands monopoly which represents the absence of competition and the existence of barriers to entry. In between these two extremes lies imperfect competition; these are markets where there is some degree of
same time maximizing profits are contained in the commercial and marketing plan. This section allows you to focus more on your target market to know the extent at which your products can satisfy their needs. A good way to begin is to start with a general industry overview, analysis of market demand, growth forecast, market competition, and thereafter a target market analysis. Other analyses that are contained in the commercial and marketing plan include SWOT analysis (Strength, Weakness, Opportunities