Company Analysis from an Employee Perspective Essay

Organization Analysis from an Employee Perspective - Essay Example In June 2012, the organization discharge Microsoft Surface, its first Microsoft equipment based PC. To contend with Gmail, Microsoft discharge Outlook.com, a webmail administration in July 2013. It likewise obtained Yammer around the same time, an informal community site and Windows 8 Phone. Foreseeing request, Microsoft likewise expanded the quantity of its outlets in 2012. The worry has high current proportion. This implies the organization isn't using its money holds effectively and not utilizing on transient obligation. Microsoft is holding a huge money balance that is a benefit not creating anything. This brings down the general profit for the benefits and along these lines expands the expense of capital. Microsoft has been reliably chipping away at high money and this shows a languid conduct of the organization. Perfect current proportion is 2:1 Current Ration for the year 2012 was at 2.60. We see that a sorry change has occurred over the previous year. The firm has had high money saves in the previous year also to the tune of 51% of the absolute resources. Keeping up high money constantly reflect poor key arranging and the board (Business Ferret, 2011). Profit for Assets assists with deciding the level of benefits an organization is making to back the entirety of its advantages. This proportion additionally makes a decision about the effectiveness of the board to use company’s advantages for produce enough benefits. This sort of judgment on the board quality is of unmistakable fascination to potential representatives. The organization has been reliably demonstrating solid and sound profit for resources. Nonetheless, ROA for 2013 shows an ascent from 14.77 to 15.31%. For programming organizations, high ROA is a decent sign on the grounds that these organizations needn't bother with quite a bit of money for their benefits. Be that as it may, for Microsoft, high denominator is because of high measure of money possessions. This is definitely not a generally excellent sign. ROA, when balanced with money, remains at 33.4%. Such high money contributes towards

Opportunity of Residential Property Investment †MyAssignmenthelp

Question: Talk about the Opportunity of Residential Property Investment. Answer: Presentation The goal of this exploration proposition is to dissect on whether outside venture impact the private land advertise in Australia and lodging reasonableness. Lodging is considered as the most crucial resource that is claimed by dominant part of the family units of Australians. It is a gigantic family riches part and go about as speculation vehicle for the individuals in Australia. Enormous home loans just as business credits are made sure about against the Australians private homes. It has been noted from the ongoing examination that private land advertise contributes tremendously to the Gross Domestic Product (GDP) in Australia (Burke, 2012). The difficult that emerges from this private land showcase is that variety in private property costs impacts the conduct of monetary factors that remembers family unit utilization for different products and their budgetary security (Newton Glackin, 2014). In the course of recent decades, the private costs have ascended by a normal of 7 % every y ear. Thus, the private land advertise has reflected consistent development by around 3% every year since the year 1970. Toward the finish of year 2000, the costs of living arrangement in Australia corresponding to average pay were recorded most noteworthy in the globe. Moreover, in the year 2011, the costs of living arrangement accounted multiple times of the normal salary of the family units in Australia. In any case, this country encounters land bubble during this period. Moreover, the expanding private costs just as low pace of premium have invigorated the development of the private land advertise in this nation (Wadud et al., 2012). Notwithstanding terrible monetary conditions, the costs of private propertys have expanded emphatically because of help of government motivating forces and this upheld in the land showcase development. Moreover, remote speculation assumes an indispensable job in fortifying the private land showcase in this nation. This implies the interest just as fl exibly of lodging in Australia land advertise expanded attributable to outside speculation. Be that as it may, this interest in private market produced a few development ventures, made new open door for the family to purchase the property and expanded work in the country. Despite what might be expected, colossal remote speculation made issues of lodging moderateness (Agarwal et al., 2015). This implies ascend in costs of living arrangement in Australia pushed local home buyers out of private market and close around 10-20% of new lodging are brought by outsiders. It has been opined by Blomstrom (2014), outside speculation is considered as the principle driver of making lodging reasonableness issues the low pay family units in Australia. Ongoing investigation shows that the normal cost of habitation has gotten equal to the normal income of individuals of seven years. There are scarcely any elements that adds to the ascent in private property incorporates Higher credit accessibility inferable from money related deregulation Low pace of enthusiasm since recessionary stage expanded obtaining limit as a result of lower reimbursements Diminishing gracefully of land by the Australian government Rising costs of normal floor zone of new residences by 53.8%. Changes in charge structure received by the Australian government including capital additions charge Limitations forced by the legislature on the land use or forestalling for higher thickness utilization of land Maturing populace development in Australia Research Aim The fundamental point of this exploration is to inspect both long haul too momentary effect of remote interest in Australias private land market and lodging moderateness. This examination proposition additionally encourages in explaining not many inquiry that emerges from this theme. These exploration questions incorporates Is there any noteworthiness of outside interest in private land advertise in Australia? In the course of recent years, this country has encountered tremendous inflow of capital into land industry, explicitly in private land advertise. This straightforwardly raised flexibly of new home and along these lines adding advantages to land industry just as providers. In actuality, it has been noted by certain eyewitnesses that remote interest in private land advertise has prompted ascend in costs of lodging for the most part for the main home buyers (Newton Glackin, 2014). Accordingly, it brings about reduction in lodging reasonableness in this country. Conversely, a few onlookers have remarked that remote venture has very little centrality in Australian private land market and lodging reasonableness as it represented around 5-10% of national lodging turnover esteem. what's more , they have likewise contended that remote venture doesn't cause advertise bends for the primary purchasers as outside financial specialists works at different value sections from them and buys various sorts of properties. Does remote speculation impact the exercises of first buyers in the private land advertise? Ongoing investigation mirrors that the abroad purchasers essentially encourages in making private propertys progressively reasonable as their interest in this industry upgrades the economy. As outside venture has brought about ascent in costs that are colossally impacted by relocation and consequently gracefully of living arrangement can't satisfy the need for it. Moreover, high populace development just as low loan fee raised the lodging costs and this influenced the exercises of the primary buyers in the market (Lieser Groh, 2013). In this way, the purchasers could bear to purchase the living arrangement because of low pay and as s result, they attempt to move to different places or put resources into different divisions. This shows outside venture unfavorably impacts on the principal purchasers exercises. Then again, outside speculation has some positive perspectives that incorporates giving gigantic openings for work to the jobless that thusly supported the financial development of Australia. Does outside interest in private market improved its presentation throughout the years? Albeit outside interest in private land showcase has indicated unfriendly effect on first purchasers, it has stayed useful to this industry. As no limitations are there for the buyers of new habitation, the administrators in this market achieved tremendous profit by the outside purchasers (Lee et al., 2015). For instance, most elevated number of acquisition of living arrangement by outside purchasers was recorded in Victoria. This ascent in offer of habitation with significant expense expanded the gainfulness level of the providers. In addition, it improved the presentation of land advertise in this country. Writing Review It has been obvious from hardly any investigations that the outside speculators effectively take part in putting resources into the private land advertise since worldwide budgetary emergency in 2008. It has been opined by Moran (2012), the fundamental explanation for ascend in lodging costs was the outside financial specialists. In the year 2015, the costs of habitation rose by 5%. Likewise, the all out deals of lodging in Australian land advertise that represented 16%, were given to the remote buyers. In the time of worldwide progression, administrators in land advertise accomplished advantages from remote venture that helped them in extending their business all around. The primary determinants that has been refered to for outside speculators enthusiasm on land industry was rising liquidity level , more significant yields and colossal chances (Beracha Wintoki, 2013). The pattern that developed after the money related emergency in the year 2008 with the SWF (Sovereign Wealth Funds), associations of riches the executives, private brokers and rich families moving into advertise exercises of global property that abandoned corporate investors. Conventional determinants for which outside financial specialists put resources into Australian private land advertise The conventional determinants refered to for which the outside financial specialists buys from the private land market of Australia were- It was better basic for speculation It gives gigantic chance to procuring freehold property Outside financial specialists particularly the Chinese speculators achieved better returns from Australian land showcase in correlation with property market of China They likewise can acquire from this land market of Australia Subsequently, every one of these determinants affected remote speculators to put resources into private market of Australia. Accordingly, outside venture expanded in the Australian private land advertise. Effect of outside interest in Australias private land market and lodging reasonableness Remote interest in Australias private land division has been a money related also political issue in the course of the most recent couple of years. The sharp decrease in pace of intrigue has been the critical driving variable that expanded exercises of remote purchasers and skyscraper in costs (Liao et al., 2015). The lodging market in Sydney has been viewed as the main foundation of capitals over last three to five years. The costs of the lodging have been rising unequivocally and this influenced moderateness of first purchasers. Despite what might be expected, the land market of Australia has no limitations for buyers of new lodging and this got useful for the administrators of the land showcase. As per the most recent information from Foreign Investment Review Board (FIRB), it mirrors that the commitment of the outside financial specialists in the land advertise action is least. This features the remote venture have little effect on the private market in Australia (Crowe et al., 2 013). Late investigation mirrors that in the year 2013-2014, the FIRB allowed 7195 applications by the remote buyers for purchasing home in Australia. In this manner, it spoke to just 2.4% of built up living arrangement title moves that had been enrolled during a similar period. Then again, the h

How to make Blogs template background animated

How to make Blog's template background animated Everybody wants to make their blog attractive and for this reason they try to add unique widget. There are several wallpaper or pattern available over the net that you can use it to make your blog presentation attractive. But if you use any jpeg or png format background then it would be static. Formerly many blogger used GIF format image to make blog background animated. But this is often hard to find beautiful and animated GIF background. So today I will share with you jax. JavaScript code is optional. If your template has any advanced Jquery file such as 1.7 or 1.8 version then you don't have to add the below code. Step 7Now simply hit the Save template button. and visit your blog to see the effect. I hope you would like this widget which is able to add animation into any kinds of background image. but my suggestion is to choose light background image which is good for view. Thanks.

Powerful Female Pharaohs of Egypt

The Following Case Study Evaluates The Three Job Of...

The following case study evaluates the three job of Accountant, Financial Reporting Accountant, and Tax Accountant. The responses to the questions below pertain to the information gathered on the career mentioned above fields. The average annual salary $ 76,000 for the Financial Reporting Accountant IV deemed appropriate for my expectations. However, the pay for the other two positions is larger than expected. It is proven the salaries are centered on the Required Knowledge, Skills, and Experience Job Complexity and Required Conceptual Thinking, Decision Making Authority, Required Interpersonal Skills, SupervisoryManagement Level and Impact of Position on the organization. This also includes the level of involvement the profession†¦show more content†¦The job descriptions provided are an entailment of areas of the industry that interest me and ones that are vital in the current economic times. Understanding finance should not be limited to those entering into the industry. The data from the salary.com website varies slightly from the Bureau of Labor Statistics (BLS) for the area of Flagler Beach. The differences are in part because the BLS uses local sources to gather statistics and information about jobs and available positions. We can use these types of sources to present our findings to the company to begin our negotiation process. By having, an understanding about the variances in salaries, we can help obtain the closer range to our desired salary. The positive factor about presenting this information during the negotiation process, it demonstrates knowledge about the local economy and company background. There are many areas of the labor market for these positions. The Accountant, Financial Reporting Accountant, and Tax Accountant positions all work closely together and therefore broaden the labor market. The salaries vary depending on the company and the job duties. Another factor that contributes to salary differences is location, and also the cost of living required for that region. The difference for each of these positions from the low, median, and high range hold a great difference. The difference between the low and high ranges involve a nearly 40% increase in salary. TheShow MoreRelatedNature and Purpose of Management Accounting1248 Words   |  5 Pagesfinancial analyst who evaluate the firms past performance. Financial Accounting and Management Accounting both appear to be similar in as much as both study the impact of business transaction and events of the enterprise , report and interpret the results thereof. 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Neoliberalism, A Very Short Introduction Essay - 1360 Words

Neoliberalism, A Very Short Introduction Manfred B. Steger and Ravi. K. Roy Book Review ABSTRACT Neoliberalism a Very Short Introduction, is an excellent and concise presentation of the history and development of neoliberal ideas. During the 1980s and 1990s, the revival of the liberal ideas was known as neoliberal. They spread around the world in a variety of size, forms and colors depending who, where and how implemented them. The Washington Consensus IMF, World Bank supported neoliberal ideas in the name of globalization and free markets, but at the end only benefited the insatiable greed of big financial institutions and multinational corporations. An important part of these paper was dedicated to identify where this†¦show more content†¦On the second revival of liberal ideas, President Clinton and Premier Blair promoted a half way approach to liberal ideas while they incorporated parts of a social progressive agenda associated with the left.5 While Clintons strategy was known as market globalism, Blairs policy was known as Third Way. 6 According to Steger et al, during the his administration President Clinton, †¦undertook some of the most comprehensive deregulatory reforms of the 20th century. For example, the Financial Services Modernization Act of 1999 removed the legal divisions between commercial and investment banking as well as those between insurance companies and brokerage houses, thus scrapping one of the major Keynesian regulations of Franklin Delano Roosevelt’s New Deal. The potential dangers of such profound deregulations of the finance sector would not become fully apparent until the global financial crisis of 2008–9.7 On the other hand, Blairs Third Way highlighted †¦global cooperation and consensusbuilding through international institutions. 8 In addition, Blair New Labour ideas were 4 Manfred B. Steger and Ravi K. Roy, Neoliberalism, 21. 5 Ibid, 31-51. 6 Ibid, Preface. 7 Ibid, 61. 8 Ibid, 51. 4 supported by social progress of individual attainment, which translated on the successful development of the private sector.9 Additionally, Blair developed the idea that government responsibility toShow MoreRelatedReducing the Impact of Non-recycled Waste Products Essay example1582 Words   |  7 PagesIntroduction: Waste For Life, a non-for profit organisation consisting of scientists, engineers, educators, architects, artists, designers and cooperatives aim to establish idea that develop poverty-reducing solutions to specific ecological problems. 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Organisational Strategies for Bharat Forge Limited (BFL)

Question: Describe about the Strategies of Bharat Forge Limited (BFL)? Answer: Introduction Bharat Forge Limited (BFL) incorporated in year 19th June, 1961 in Mumbai is the global leader in manufacturing and metal forming and Flagship Company of Kalyani Group that values $ 2.4 billion. Based in Pune the Indian Multinational is a technology driven global leader in metal forming (Bharat Forge, 2015). The company serves various sectors that include oil and gas, automotive, locomotive, construction and mining, power, marine and aerospace. BFL with its biggest repository of metallurgical knowledge in the region offers its marquee customers that are geographically dispersed a full service supply capability in fields of engineering, product design, testing, manufacturing and validation. BFL is recognised as the worlds largest forging company that has its manufacturing facilities in India, France, Sweden and Germany (Bharat Forge, 2015). The company not only serve with automotive sector but also the non-automotive sector with its critical and safety components that deliver high per formance. BFL is the worlds largest exporter and manufacturer of automotive components and unmatched expertise in manufacturing of chassis components. Having achieved a remarkable success in automotive industry BFL is now looking ahead to redefine its presence in other business verticals like power, oil and gas, construction, aerospace and general engineering (Mukerjee, 2009). BFLs huge metallurgical knowledge, manufacturing powers and design and engineering capability will serve as strong pillars to create a unique market position in these sectors. They look forward to transforming themselves from a global supplier of auto components to an engineering company that offer diverse services in different sectors. BFL has defined a clear vision of building a strong economical backbone for the country, strengthening capabilities of the nation and developing a larger global imprint not only for their company but for the whole country(Bharat Forge, 2015). BFL defines its core objectives as being committed while listening and responding to their customer, business partners and associates needs and treating their individual values with respe ct and integrity. BFL ensures to remain committed to their entrepreneurial spirit that is the key driving force behind an increase in shareholder value and unmatched growth. BFL enjoys a large global market share with its customer base including almost virtually every automotive OEM and Tier 1 supplier globally (Mukerjee, 2009). Worlds renowned automobile leaders like Toyota, Daimler, BMW, Chrysler, General Motors, Audi, Volkswagen, Volvo, Renault, Ford, Honda, Scania, Caterpillar-Perkins, Arvin Meritor, Iveco, Cummins, Detroit Diesel, Dana Corporation and several other market players source their most complicated forging requirements like front axle beams, machined crankshafts and steering knuckles from BFL (The Economics Times, 2012). The companys unmatched capabilities to produce complex forgings of both aluminium and steel are its unique feature and serves as a competitive advantage against competitors. In its domestic market BFL is the largest manufacturer of crankshafts and producing 5,000,000 crankshaft forgings annually, enabling it to secure a rank of second largest producer of crankshafts in international market (Mukerjee, 2009). Effective lead ership, competitive business strategies and a customer-oriented organisational culture and structure are the key reasons behind their global success. Generic Business Strategy Diversification: Diversification is the new growth strategy of BFL wherein they are looking ahead to expand in other business sectors in which they already have existing presence (Bharat Forge, 2014). The prime objective of diversification strategy is to enter non-automotive component business that will help them take advantage of opportunities offered by these sectors and de-risk the revenue model of the company (NDTV Profit, 2015). The company is formulating strategies to expand in sectors like railways, aerospace, oil and gas, power, construction and engineering. They are the first Indian company that is involved in the manufacturing of crankshafts for locomotive engines. They have a number of international clients however for the first time is eyeing to win a $100 million contract with Indian railways who has always imported its crankshafts. BFL recently has been working very closely with the Research Design and Standards Organisation (RDSO) and Diesel Locomotive Works to design crankshafts for domestic locomotive (Bharat Forge, 2014). As railway is a fast growing sector BFL is focusing all its strategies to tap the opportunities presented by the sector and are all concentrating on developing new products that meet customer requirements. They hope to achieve around 10 time growth within five years through their diversification strategies. BFL plans to diversify in 5-6 new sectors in coming five years and establish new verticals each of which will value $100 million. Acquisition: BFLs acquisition strategies helped them become the first company in Indian automotive component industry that adapted inorganic growth to expand globally (NDTV Profit, 2015). Their effective acquisition strategies helped BFL in accessing new geographical customers, enhance their technological capabilities and expand their product range. BFL in year 2004 acquired two companies based in Germany called Carl Dan Peddinghaus (CDP) and CDP Aluminiumtechnik that help them enhance their forging manufacturing capabilities (NDTV Profit, 2015). In year 2005 acquisition of Federal Forge presently known as Bharat Forge America Inc. helped them create a manufacturing presence in America which is its largest market (NDTV Profit, 2015). BFL is focusing on rapid global expansion while de-risking its business. BFL has already achieved market de-risking by increasing its global presence and its acquisition strategy will help in achieving product de-risking. De-Risking: BFL aims at de-rising as a business strategy as it focuses on developing a new business model with diversified product profile as it moves to the non-automotive segment. Their long-term goal is to develop a business that is not dependent on a specific product, geography, industry segment or customer (NDTV Profit, 2015). The key objective of this strategy is to create inherent resilience so that the company can remain profitable irrespective of the pressure created by various macro economical cycles. BFL focuses to make future investments based on an asset light strategy (The Hindu, 2014). The companys existing capacity seems to been enough in achieving desired goals in nest 2-3 years however in order to achieve long-term goals it is formulating strategies to enhance its capacities and create new capabilities. In order to secure a large market share in the new target market their strategies will emphasize on product development, developing a strong organisational framework , undergo product approval process and then start planning for a new facility based on outcomes. This strategy will not only help them achieve sustainable growth but will also generate comparatively high returns. Innovation: BFL has always been recognised as one of the most innovative organisations and their future strategies also focuses on innovation in product development being their path to achieve exponential growth (The Hindu, 2014). They have the required capabilities to manufacture innovative products and develop indigenous technologies. Their future growth strategy focuses on making huge investments on RD in near future to deliver more value through their products and provide most innovative solutions to their customers. BFL considers its people as its most precious asset and the driving force behind innovation (NDTV Profit, 2015). It is planning to make investments to provide more learning and development opportunities to their employees by offering education programmes from the graduate level to the doctoral level (NDTV Profit, 2015). They aim to develop a highly competitive and skilled talent pool that will be responsible for handling companys research and innovation needs. Thus, diversification, acquisition, de-risking of revenue model and innovation are the four business strategies that will enable BFL achieve their vision and desired performance objectives. Organisational Culture Culture of an organisation refers to the shared beliefs and values that help framing the behaviour pattern of its employees (Hellriegel John W. Slocum, 2011). Organisational culture helps ensuring that organisations will be able to achieve their desired goals and performance objectives by acclimatising employees and keeping them in-line. It determines the type of relationship that exists between organisations employees and its beliefs, values, principles, stories and norms (Fox, 2007). Organisational culture helps determining the quality of products and services offered by greatly influencing its overall performance effectiveness. Organisational culture also serves as a competitive advantage that rivals can never imitate. Organisational cultures are of six types namely; Power culture wherein control is the key term and all decisions are made by top management, it is characterised by quick decision making however owing to low employee engagement and motivation it result in high employee turnover (Hellriegel John W. Slocum, 2011). Role Culture wherein individuals are assigned specific roles, it helps ensuring all tasks are well allocated however employees are de-motivated because of limited development opportunities available to them. Task Culture wherein individuals are considered equivalent to machines and are judged on productivity not performance, in this case employees are comparative motivated as they are engaged however there is competition within the teams that create pressure on team members (Fox, 2007). Person Culture wherein high focus is given on employee training and development, it leads to high motivation but high investment is needed to conduct training programs. Entrepreneurial Culture wherein innovation and change are the key terms, it provides ample opportunities to employees who are highly motivated however it is associated with high risk (Hellriegel John W. Slocum, 2011). Bureaucratic Culture wherein rules and procedures are key terms, changes and risks are avoided which increases longevity however it limits employee creative and does not favour innovation. An analysis of different types of organisational culture reveals that Bharat Forge Limited (BFL) has developed an organisational culture that is a mix of person and entrepreneurial culture. They consider their people as their primary asset and always ensure that these assets are upgraded through various training and development programmes. Their organisational culture serves as a competitive advantage for them wherein in their values make them unique from other competitors. Spirit of innovation forms the heart of their organisations DNA and plays a vital role in delivering high value to their customers through complete focus on value addition and technology (Bharat Forge, 2015). Innovation and a risk taking attitude characterises their entrepreneurial culture that help them on their chosen path of diversification and manufacturing products that are of high quality and drivers change and sustainability (Bharat Forge, 2015). BFL under their effective leadership has developed a knowledg e sharing culture wherein individuals are encouraged to openly share their views and actively participate in decision making. BFL is a highly people-oriented organisation that treats its employees as their greatest assets and makes all attempts to nurture and develop them on a continuous basis which in turn help them retain their position as the worlds largest forging company. In year 2009, BFL was honoured with the National Award for Best HR practices2009. BFL greatly encourages diversity of workforce wherein they have developed a highly multi-cultural workforce across their facilities at multiple continents. They are recognised as a people company where people factor is designated highest priority. They have created a culture wherein people can realise their full potential and deliver their best performance while enjoying their work. Organisational structure Organisational structure is the structural framework that determine hierarchical pattern within an organisation (Hellriegel John W. Slocum, 2011). It defines the way tasks are allocated, coordinated and supervised within an organisation enabling it to achieve desired goals and performance objectives. There are three types of organisational structure however organisations can make variations to their structure as demanded by the situation. Functional Structure: Based on the skills and specialisations of employees that are grouped into specific functional areas (Fox, 2007). This type of structure is greatly helpful in cases where cost-minimisation is a concern because their management and control is easy which in turn help improving efficiency. However lack of effective communication in this structure can lead to its failure making it difficult to achieve desired goals. Divisional Structure: This structure enables large organisations segregate large sections of their business into semi-autonomous groups (Hellriegel John W. Slocum, 2011). All these groups are treated as separate entity and have no control over functioning of other divisions. It comprises of various parallel teams that focus on single service line or product. This structure allows team to focus on single service or product with a leadership structure that assists in its main strategic objectives. However as it involves companys own divisions competition with each other it gives rise to various conflicts like office politics, unfair allocation of resources etc. Matrix Structure: This structure enable organisations define their reporting relationships in the form of a matrix or grid instead of a traditional hierarchy (Hellriegel John W. Slocum, 2011). Thus, an employee need to operate under a dual reporting relationship generally both functional and product manager. The best advantage of this structure is efficient information exchange and high employee motivation. However it leads to high internal complexity and internal conflicts that are difficult to maintain. An analysis of various organisational structures reveals that BFL displays characteristics of a functional structure wherein all employees are groups in specific functional areas based on their skills and specialisations (NDTV Profit, 2015). BFL have divided the employees into separate units based on roles and responsibilities as shown in figure below. They have different departments for different functions like marketing, engineering, sales, HR and finance (The Economics Times, 2012). Functional organisational structure enable BFL achieve high level of specialisation because each department is managed by a leader that had complete knowledge and expertise in that specific field. This structure is easy to manage and control because leaders can easily evaluate performances and plan improvements when required. This structure provided ample growth opportunities to employees which start their careers at entry-level position and grow to leadership positions by developing specialised knowle dge (Hellriegel John W. Slocum, 2011). This structure helps enhancing efficiency and productivity owing to the expertise gained by employees in their functional area. As the career paths in this structure are clearly defined employees are highly motivated to acquire new skills and expertise in their functional area that will help them achieve desired career goals. Highly motivated and skilled employees tend to perform better and display high productivity. Organisational Structure Bharat Forge Limited Fig.1. Source: The Economics Times (2012) However, like all other organisational structure this structure also has some associated disadvantages like it fails to deliver desired results in absence of effective communication (Hellriegel John W. Slocum, 2011). BFL has kept less hierarchical levels in their organisational structure keeping it somewhat flat in order to encourage open communication and knowledge sharing. Conclusion Organisational culture and structure are highly interrelated and greatly influence organisations overall performance efficiency and productivity. An entrepreneurial culture and functional organisational structure with less hierarchies has enabled BFL emerge as the worlds largest forging company that is recognised worldwide for its innovative products and solutions that help their clients handle most complex problems. Innovation is at the heart of BFL which is driving force behind all their strategies and support them in achieving desired goals and objectives. With an aim to diversify in other business sectors BFL under its effective leadership has developed a unique culture and structure that itself serve as a competitive advantage that cannot be imitated by rivals. References Bharat Forge, (2014) Bharat Forge hopes to bag orders worth a minimum of $100m from Indian Railways. [Online] Available at: https://bharatforge.com/german/images/PDFs/news-events/PR_2013_1.pdf [Accessed 2015]. Bharat Forge, (2015) Bharat Forge: About Us. [Online] Available at: https://bharatforge.com/company/about-us.html [Accessed 2015]. 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