I don't have the ability to read specific chapters or access external content, including Chapter 7 of any book. However, I can provide general advice. The choice between a divisional structure by geographic area, product, customer, or process depends on the bank's goals, market dynamics, and operational needs. Geographic divisions may suit if the bank operates in diverse regions, while product divisions might be suitable for a bank with a wide range of financial products. Customer-centric divisions work well if customer needs vary significantly. Process-oriented divisions could enhance efficiency. Careful consideration of these factors is crucial in making the best decision for the bank's structure.
Would you recommend a divisional structure by geographic area, product, customer, or process for a medium-sized bank in your local area? Why?
What is product divisional structure?
Geographic structure groups employees together based upon specific geographic location. This is often used by large companies that operate in many areas throughout the United States or in both the U.S. and overseas.
divisional
A type of organizational configuration that groups together those employees who are responsible for a particular product type or market service according to workflow. The divisional structure of a business tends to increase flexibility, and it can also be broken down further into product, market and geographic structures.
Divisional
Divisional Structure
A divisional structure divides the company into divisions that bring together those employees involved with a certain type of product or market service
garment industry?
Subway operates primarily with a divisional structure, as it is organized into various divisions based on geographic regions and franchise operations. This allows each division to focus on local market needs, customer preferences, and operational efficiency. However, it also incorporates functional elements, such as centralized marketing and supply chain management, to maintain consistency across its brand. Overall, the divisional approach enables Subway to adapt to different markets while leveraging functional expertise.
Most likely a matrix structure of functional and divisional structures.
hillton hotel