Paper+(Rough+Draft)

Stakeholder Approach  The stakeholder approach to effectiveness can be defined as an approach in which companies attempt to satisfy everyone who has something at stake or have a vested interest in the organization. These people can influence and are influenced by the organization. Some of these stakeholders include employees, customers, suppliers, etc. It is imperative to consider all stakeholders because it helps the company create good public relations and a positive image. If a company does not consider their stakeholders it can have a negative impact. Specifically, it can cause a decrease in profits if company is only focused on short-term. Victoria Secret’s, like many companies, considers their stakeholders in order to sustain effectiveness, or create a long-term advantage. Some of the stakeholders that will be discussed are: employees, customers, government, community and suppliers. // Employees // // Customers // // Government // // Community // // Suppliers // Organizational Structure <span style="font-family: 'Times New Roman','serif'; font-size: 12pt; line-height: 200%;">Organizations use multiple structural alternatives to help them achieve their purpose and goals. At some point in the organizations life cycle they will need to undergo structural reorganization to reflect new strategies and meet new challenges. According to Organization Theory and Design by Richard L. Daft, organization structure consists of three key components: <span style="line-height: 200%; margin: 0in 0in 0pt 0.5in; mso-add-space: auto; mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-indent: -0.25in;"><span style="font-family: 'Times New Roman','serif'; font-size: 12pt; line-height: 200%;">1. Organization structure designates formal reporting relationships, including the number of levels in the hierarchy and the span of control of managers and supervisors. <span style="line-height: 200%; margin: 0in 0in 0pt 0.5in; mso-add-space: auto; mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-indent: -0.25in;"><span style="font-family: 'Times New Roman','serif'; font-size: 12pt; line-height: 200%;">2. Organization structure identifies the grouping together of individuals into departments and of departments into the total organization. <span style="line-height: 200%; margin: 0in 0in 10pt 0.5in; mso-add-space: auto; mso-list: l0 level1 lfo1; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; text-indent: -0.25in;"><span style="font-family: 'Times New Roman','serif'; font-size: 12pt; line-height: 200%;">3. Organization structure includes the design of the systems to ensure effective communication, coordination, and integration of efforts across departments.