Organizational Structure and Strategies
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Added on 2021-06-17
Organizational Structure and Strategies
Added on 2021-06-17
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Organizational Structure and Strategies: The Case Study of GrainCorp LimitedBUREAUCRATIC ORGANISATION STRUCTUREBy (name)Student NumberFaculty of businessProfessor (tutor)Name of school (university)AustraliaDate
Organizational Structure and Strategies: The Case Study of GrainCorp LimitedIntroductionOrganizations in the modern business world are adopting new and sophisticated structures with the aim of developing competitive advantages to cope with the stiff competition from their rivals. It has in fact been a case of what do I do or not do to ensure that my organization maneuvers up well. This fact has been evident from organizations restructuring their framework to achieve a modified structure that would enable them to improve their performance. As a result, therefore, the success or failure of an organization has been attached to the efficiency of the organizational structure embraced by the organization. The organizational structure shows how the company operations and management functions are used in the company, whether the company embraces the lateral or vertical structure as well as how individual departments are headed in a particular organization. For instance, a company may have distinct operations, supply chain and public relations departments among others. Another important aspect of an organization is its strategies which can be precisely defined as the ways through which an organization reaches its long-term goals. Similarly, companies embracing functional and applicable strategies tend to do better than those that have poor strategies. Now, the primary aim of this assignment is to identify an Australian existing company and analyze its structure and strategies. The company that was selected in this case was Graincorp Limited Company that deals with food ingredients and agribusiness products which lies in the agricultural industry.The overview of Australian agricultural industryAustralia is one of the world’s known biggest producers of agricultural products such as wool, wheat as well as wool. There are also other major commercial products like “broadacregrains, oilseeds, and legumes to more intensive crops such as rice, sugar, cotton, grapes, bananas and potatoes” [ CITATION Ben15 \l 1033 ]. Australia is also known for the production
Organizational Structure and Strategies: The Case Study of GrainCorp Limitedof such as “beef, wool and dairy products, and sheep, pig and poultry meats. According to[ CITATION Chi14 \l 1033 ], “Relative to its size in the Australian economy, agriculture providesa disproportionately large share of Australia's exports: 21 percent of merchandise exports compared to 3 percent of GDP.” That indicates that one of the biggest boosters of economic growth and development in the country is the agricultural sector that ensures that the balance of payment is kept favorable. One of its biggest advantages to the people’s standards of livingis that it acts as one of the biggest employment provision industries in the country, providing approximately 400, 000 jobs to the entire Australian population[ CITATION Cou15 \l 1033 ]. Theagricultural industry has also proved to be very important as it provides raw materials for other industries, say, processing, etc. these other industries for which it acts as their input have proven to have a significantly high turnover, and value added. One of the major reasons that have enabled Australia to have strong comparative advantages in the process of production of agricultural products is their workforce skills, geography, size and intensive useof technology in the production process[ CITATION Die16 \l 1033 ]. As s result, therefore, the agricultural industry is regarded as one of the “most productive and internationally competitive sectors of the Australian economy” which is anticipated to do better in the coming years to the expected end of the drought in some areas.An overview of the organizationGrainCorp limited is one of the biggest Australian companies in the field of agriculture. It is an Australian Securities Exchange registered public limited company. The major business of the company is receiving and storage of grain and other related commodities[ CITATION Gab10 \l 1033 ]. It lies under the industry of agriculture and was formed as a “Grain Elevators Board” in the year 1917. Its headquarters are located in Liverpool Street Sydney which is in Australia whose main services are handling and marketing of grains. As explored by
Organizational Structure and Strategies: The Case Study of GrainCorp Limited[ CITATION Gel16 \l 1033 ], “the company operates an extensive network of rail linked storages across South East Australia as well as “seven strategically located export terminals in Brisbane, Gladstone, Mackay, Newcastle, Port Kembla, Geelong and Portland, Victoria.” Therefore, the company solely deals with handling the marketing of agricultural products andserves as the biggest grain handling companies in Australia, has managed to successfully expand into South America and purchased the United Malt Holdings Companies.Company’s structureGrainCorp Company limited is one of the companies famously known for exhibiting one of the nest organizational structures. As mentioned earlier in this paper, it is a company that majorly operates on food ingredients and agribusiness practices. It has embraced a lateral type of structure where different departments are given equal powers but charged with different functions[ CITATION Gey13 \l 1033 ]. According to its structure, it has a president as itshead who acts as the Chief Executive Officer. Below the president are other four segments that are given different mandates but given equal powers. These departments enhance specialization so that quality output and services can be rendered[ CITATION Gup13 \l 1033 ].Specialization improves performance in the sense that every stakeholder does what they are used to doing and thus do it better. As opposed to other agricultural companies, GrainCorp acquires employees depending on their specialization such that if one is conversant with public relations will not in any way be compelled to work in other departments.The first of the four segments is the storage and logistics segment. This segment is one of the most important departments in any given organization became it lays the pathway between the producer and the final consumer[ CITATION Jon07 \l 1033 ]. It also ensures that the productsproduced to reach the final consumer most efficiently and cost-effectively as well as in the best quality that would suit the consumer needs. In Grain Corp Company, this department
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