MHR 523 Chapter Notes - Chapter 4: Industrial Engineering, Job Enrichment, Job Analysis

The organizational structure can make a big difference regarding how a company operates. Most companies today work in a functional structure. In other words, the communication is top-down. Today, however, the movement is to have cross-functional teams work on projects. What's the benefit of this approach?

1. How is the financial plan and budget related to a company’s strategic plan?

2. How do the various functional departments of an organization use financial planning (i.e. marketing, operations, sales, executive management, finance, etc.)?

1. How is the financial plan and budget related to a company’sstrategic plan?

2. How do the various functional departments of an organizationuse financial planning (i.e. marketing, operations, sales,executive management, finance, etc.)?