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Management Reporting – A management reporting system allows leaders to monitor the progress of the organization towards the achievement of its goals. NetworkedOrganization – A networkedorganization is comprised of cross-functional teams that enable work to be completed most efficiently and effectively.
The goal is to ensure the information gets to employees as efficiently and effectively as possible and helps them take action. There is always the chance people are unfamiliar with their companies’ employee offerings, so communicating about and updating them on a regular basis is key to success.
With the advent of sophisticated algorithms, machine learning, and data analytics, identifying and assessing top talent has become more streamlined and efficient. Organizations must embrace and leverage these technological advancements as the industry evolves to stay competitive and attract top executive talent.
Today, we live in a time of transformation every bit as colossal as what Weber saw a century ago: a shift from hierarchical to networkedorganizations. If it can fit on an org chart, it’s not a network. Before Weber’s bureaucracies became predominant, most enterprises were fairly organic.
The company's strategy had long been predicated on matching the moves of an efficient big-box rival, yet now a different online player was draining the company's revenues and denting its margins. Initially, the marketing and networkorganizations, rather than cooperate, blamed one another for the findings.
Eventually, businesses became department stores, specialty stores and malls, and finally, today''s e-businesses and networkedorganizations that support them. Until now, the goal has been to standardize and optimize transactions among these components to reduce costs and achieve efficiency.
NASA has moved from being a hierarchical, closed system that develops its technologies internally, to an open networkorganization that embraces open innovation, agility, and collaboration. Relationally, the hierarchical pecking order of the traditional model had to accommodate a cluster of international governmental organizations.
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