g ., labor shortage B u s i n e s s F i n a n c e

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g ., labor shortage B u s i n e s s F i n a n c e

  1. Select a company that you work for OR wish to work for in the future …
    • Structure: What are the key elements of your structure? How much hierarchy is there? How centralized is decision-making? Who has power (which positions or roles)?
    • Tasks / Work Systems: What is the main set of tasks or work system? How is this work organized? For example, what kind of interdependence is required, and how complex are the tasks? What professional skills and knowledge do they require?
    • People: What are the main skill sets and areas of expertise that people currently have? What are some patterns of personal values? Think about the key people in power and decision-making roles – what are their likely motivations and priorities?
    • Culture and systems: How would you characterize the organizational culture? What are some dominant guiding values? How strong is the organizational culture? On what basis is performance measured and rewarded? What other systems are particularly important in guiding decision-making and action?
    • Alignment: How well-aligned are the elements of the organization? Where are the strongest alignments, where are there gaps? What’s the cause of the gaps? (e.g., labor shortage, new regulations for tasks, organizational restructuring, new business planning system for the company…).
  2. When looking at the selected company…What does the external environment look like?
    • Environment: What are the key characteristics of the external environment that affect your business? This could be a long list, but try to prioritize the main effects of customer demands, competitive pressures, and your industry’s business model.
    • Strategy: How would you describe your business’s strategy and business model? Who are your customers, what do you deliver to them, and how do you do it? Again, this could be a long and comprehensive exercise. For these purposes focus on the key elements that most affect your decision-making and how you and others work together.
    • Alignment: How well-aligned is the strategy with the external environment for your business? Does your strategy take into account changes happening now in the environment?

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