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Using Management Theory And Practice Assignment Business

   

Added on  2021-04-21

4 Pages638 Words42 Views
Running head: MANAGEMENT IN PRACTICEMANAGEMENT IN PRACTICEName of the StudentName of the UniversityAuthor Note

1MANAGEMENT IN PRACTICEMcKinsey 7SThe McKinsey 7S framework is defined as the Value Based Management Modelthat helps organization to organize their work effectively. All the seven values are interlinkedwith shared values that help to achieve company’s goals. Figure 1: McKinsey 7S ModelSource: (Hope 2014)The interconnecting place in the model is the shared values that explain the beliefsand attitudes of the organization whereas structure defines how the different units of theorganization are connected to each other (Hope 2014). System deals with the process of workto be followed within the workplace such as hiring, rewards facilities. Staffs explain the totalnumber of employees within the workplace. Style refers to the management style that followsby every organization. Talents and skills of the employees to perform their respective job toachieve organization’s goals and strategy help to implement better plans (Shiri, Anvari andSoltani 2015).

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