Management: Development of Regional Division and Self-Managed Teams

Running head: MANAGEMENT
Management
Name of student
Name of University
Author note

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MANAGEMENT
Executive summary
The report was presented to focus on the development of Regional division of
OzAlpha and become one of the premium financial planning service in Australia. As a
Management consultant, I made sure to provide proper advices to the four managers about
the self-managed teams, which could enable creativity and innovation. The environmental
scanning was done with the use of PESTLE framework, which assessed the various factors
contributing to the business functioning. Based on the business functions and processes, a
democratic leadership style has been recommended for providing relevant support to the team
members while at the same time, facilitate the growth and development of employees too.
Management of training sessions and developing the interpersonal skills among the managers
should also be beneficial for improving the process of communication and ensure business
growth and development.

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MANAGEMENT
Table of Contents
Executive summary....................................................................................................................2
Introduction................................................................................................................................4
Part A DIVISIONAL STRUCTURE.........................................................................................4
Advantages and disadvantages of virtual team and self-managed working teams................4
Preferred structure for the Regional division.........................................................................6
Part B PLANNING, ORGANISING, LEADING AND CONTROLLING..............................6
PLANNING............................................................................................................................6
ORGANISING.......................................................................................................................9
LEADING............................................................................................................................11
CONTROLLING..................................................................................................................13
References................................................................................................................................14

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MANAGEMENT
Introduction
The report is prepared to discuss on the planning, organising, leading and controlling
within the business organisation named OzAlpha considering the various aspects of
environmental scanning, regional divisional goals and also leadership style, communication,
rewards and recognition within the workplace to maintain consistency in delivering services
all throughout. The company is specialised on financial planning and providing support to the
small business organisations to set up properly all over Australia. The company is known for
its great quality investment services and financial planning services managed through top tier
funds that can make investment in real estate, high capital and well established mining
companies, industrial sectors, etc. (Samson, Donnet and Daft 2018). The vision of the
company is to become one of the major financial planning services in Australia with the aim
of managing the regional work own self and ensure smooth business functioning too. Due to
the disagreements between the four directors regarding the achievement of Regional Division
strategy, I have been appointed as the Management Consultant to deal with this aspect and
ensure that the four directors agree upon the criteria and manage the business functioning
effectively (Cooke and Williams 2013).
Part A DIVISIONAL STRUCTURE
Advantages and disadvantages of virtual team and self-managed working teams
To manage the regional work, the company has cancelled its partnership working with
the regional business partners and aimed at managing the regional on its own. The four
directors have also grabbed this opportunity to ensure consistent growth and development
along with setting up the Regional Division with the help of opinions and ideas provided
through face to face meetings or through video conference. The regional division strategy
should be managed with the help of self-managed teams or virtual team (Handzic and Durmic