Assignment on Organizational Structure Culture - (Doc)

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Structure and Culture
Table of ContentsINTRODUCTION...........................................................................................................................1Main Body......................................................................................................................................1CONCLUSION................................................................................................................................6REFERENCES...............................................................................................................................7
INTRODUCTIONLegal & General Group plc is mainly known as Legal & General, a British multinationalfinancial services company headquartered in London. It was established in 1836, an it is one ofthe leading financial service company in UK (Brown, Bullock, Hobson and Little, 2019).Organisation is performing their operations while having purpose which is to improve lives ofcustomers along with a motive to build better society for long period of time and further createvalue for shareholders. Company is focusing to improve overall performance and develop newstrategies to provide better services to their respective clients. Financial market are veryuncertain so company have to conduct proper researcher and development activities to removefuture theft.Main BodyThis company is a group of private limited company which provide financial services inBritish and its headquarter is in London. This organisation -provide many product and servicesand those are as like investment management, pensions, annuities, annuities, lifetime mortgages,life insurance and general insurance. It is the best financial company in united kingdom whichprovide all these services with a batter benefit. This organisation is also known as the legals &generals. This company is included in top 10 investment management company and secondlargest organisation Europe. Legal & general company is formed by sergeant John Adams withthe help of five lowers in a cafe. Calorifically it is also known as new life assurance society.After some time they change its name. All the legal rule are involved in these policy. they extendthere business in united kingdom and after it this explore in all over world. Now thisorganisation is included in multinational company. This organization is working on a big scale.This legal & general company have a big structure of employees. Approx 1264 million isthe revenue of this organisation and operative income of legal & general company is approx2102 million. If talking about they net income of this organization than they earn approx 2049million in year. Whole profit of this organization is depends on the sale of thee product andservices. This organization build a strong brand image in the customers eyes. It is the basicreason of increase the demand of there product and services. legal & general company is providemany effective services for there clients and always connected with them. There service procuresis 24*7.it is also a big reason of its growth. In context with, Organisation and Performance it has1
been evaluated that best effective performance is one of the most important factor for a businessorganisation. In both formal and informal way, it effectively aid organisation to align employees,system and resources in formative manner as to achieve strategic objectives of organisation.There are some performance indicators which are required to be considering by organisationsthat include, Inventory turnover, net profit margin, gross profit margin, operational cash flow andmore. As by undertaking this organisation can further stimulate towards more directional growthprospective.Geographical structure:Legal & General Group plc operate their business operationswithin UK and US along with this, company is having their business operated in Asia, Gulf andEurope. The geographical structure is one of the organisation design in which employees have towork according to their region. This structure bring individual from different department atsingle platform. Each division of the company operates within their department and they carryout various business activities such as financial activities , marketings and production. Thesedepartment are established according the geographical location and serve there customers in bestpossible way.Benefit of geographical location:Bringing the employees from different department isnot an easy task. Bring at single stage from different geographical location will allow thecompany to respond quickly and effectively in the best possible way. If company have control on2
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