Week 6 Flashcards
Describe the PROJECT BASED STRUCTURE
Dynamic (has a temporal dimension)
Requires more flexibility
Organised around pockets of resources that are generally held by function, but then assigned to one project at a time, through the leadership of a project manager
Describe PROJECT BASED ORGANISATIONS (PBOs)
Usually are medium-large
Products have a short life cycle and respond to the specific and changing needs of groups of clients
Key design principles when developing a PMS
- Level of specialisation
- Need for coordination
What are the STRENGTHS of a PMS
- Flexibility and rapid response
- Attention towards the production and delivery of value to the customer
- Focus on teamwork
- Improvement in the quality of life of employees
What are the WEAKNESSES of a PMS
- Determining the core process is difficult
- Requires various changes
- Significant training of employees
- Can limit in-depth skill development
Everything you know about NETWORKS
More transactions are repeated exchanges among specific sets of participants.
Internal and external barriers are progressively eliminated.
Joint payoff: payment for work based on the final product
Restricted access: network organisations don’t hire just anybody on the market
Reputation: if someone is difficult to work with, the ability to get future jobs reduces
Macro-culture: common industrial culture
List the STRENGTHS of NETWORKS
- Small organisations obtain talent and resources worldwide
- Immediate scale without huge investments
- Highly flexible and responsive organisation
- Reduces administrative overhead costs
List the WEAKNESSES of NETWORKS
- Managers don’t have hands-on control over many activities and employees
- Requires a great deal of time
- Risk of organisational failure
- Employee loyalty and corporate culture might be weak
Talk about HOLOCRACY
There is a shift towards self management.
Fluid teams and no managers : CIRCLES
Each circle shares a common purpose and has decision-making authority
