Corporate Structuring & Restructuring
IMPACTFUL BUSINESS STRUCTURING & RESTRUCTURING
A major component of running a business successfully is to have it properly structured. However, more often than not, pain points will eventually arise: Workflow gets erratic. Specific business needs fall in limbo between departments. Accountability and task delegation necessary for new projects to proceed get stuck between existing roles and responsibilities.
Flexibility and adaptability are key.
We can support your business venture in any need, from the initial structuring of your company with the needed roles and departments, to a full-blown company restructure design with minimal workflow impact. We optimize results by working with you to understand your needs and processes, and identify the model that would be more suitable for your business, and we help you make the proper changes through proposals that are easy to implement and entirely custom-made, based on your specific needs and available resources.
WHY DO I NEED A BUSINESS (RE)STRUCTURE?
You may not look like you do, at least for now. But as companies grow and businesses expand, further needs are identified. Departments suddenly seem understaffed. Teams that were efficient yesterday can no longer bear the workload or adapt to a new project and perform in the same quality standards. A multitude of parameters can rapidly change and require adaptations for your internal structure to be proper. And you should be prepared to address them sooner rather than later, in order to succeed in identifying and pursuing business opportunities in a rapidly changing business world.
We support you in proactively mapping out your current needs, expansion targets, and available resources into one master plan that will reflect how your business entity would be optimally structured. We support any of the four major types of organizational structure widely used by businesses all around the world:
1. Functional Structure
Under this structure, employees are grouped into the same departments based on similarity in their skill sets, tasks, and accountabilities. This allows effective communications between people within a department and thus leads to an efficient decision-making process. Companies with departments such as IT and Accounting are good examples of a functional structure.
2. Divisional Structure
This structure organizes business activities into specific market, product, service, or customer groups. The purpose of the divisional structure is to create work teams that can produce similar products matching the needs of individual groups. A common example of the divisional structure is geographical structure, where regional divisions are built to provide products or service to specific locations.
3. Matrix Structure
Matrix Structure is a combination of functional and divisional structures. This structure allows decentralized decision making, greater autonomy, more inter-departmental interactions, and thus greater productivity and innovation. Despite all the advantages, this structure incurs higher costs and may lead to conflicts between the vertical functions and horizontal product lines.
4. Hybrid Structure
Like the Matrix Structure, the Hybrid Structure combines both functional and divisional structure. Instead of grid organization, Hybrid Structure divides its activities into departments that can be either functional or divisional. This structure allows utilization of resources and knowledge in each function, while maintaining product specialization in different divisions. Hybrid Structure is widely adopted by many large organizations.
We are ready to work closely with your company’s management, understand your workflow processes and identify the model that would be more suitable for your business to optimally cover both today’s needs and the growth you expect in a well-planned, minimally intrusive internal redesign.
Contact us about your business structure or restructure.