Organizational Structure Overhaul
John Huddle
August 7, 2015
Executive Summary
J. Smith & Associates is a financial service firm with headquarters in Springfield, Mo. The company has grown substantially in the past 35 years around the country and over $100,000,000 in funds management and is continuously growing in revenue by over 15% annually. In order to promote further growth of the company the founder J. Smith wishes an overhaul of the organizational structure to set the foundation for the next 30 years.
This report deals with the ways and means for bringing an overhaul in the structure of the organization. There are new ideas and concepts discussed in the report to bring a perfect overhaul to the structure of the organization…show more content… Its fundamental purpose is to improve the services to the customers by cutting operational costs and becoming world class competitors for other companies in the market (Robbins, 1983). By the process of overhauling the organizational structure J. Smith & Associates aims in achieving growth for the next 30 years.
This is also necessary for moving with the current business world and using technological tools for making business better. A business can only grow if it moves with the latest techniques and adapt to the external environment. So it is necessary that J. Smith & Associates also brings an organizational structure overhaul to achieve growth and mark great presence in the market.
Steps to bring Organizational Structure Overhaul
Bringing a major overhaul in the company is not an easy task for any business firm. It requires a lot of efforts. For bringing structural overhaul, J. Smith & Associates need to shift the thinking and become ready and able to let the old things go which even if the company feels was perfect. As with the external changes in the environment the things which seemed perfect also needs to adapt and change to the environment. The company needs to act on this immediately and readily by adapting the new approaches (Trahant, Burke & Koonce,
