Reference no: EM131951945
Summarize: Business Activity Interconnections
Estimated time to complete: 4 hours
Evaluation Title: Breaking Down Functional Silos
Business operations require the work of specialized abilities and roles.
While specialization can allow for a greater volume and quality of work (in addition to being required in some disciplines), it can lead to groups only communicating to immediate peers and not collaborating across the organization.
This is known as a functional silo. Many believe that businesses must enhance inter-departmental communication to allow employees to collaborate (and create better organizational outcomes).
Read the article, The Silo Mentality: How To Break Down The Barriers
Create a 750 word executive summary that answers the following:
Select two of the functional areas discussed in this unit:
Accounting/Finance
Information Technology
Social Media/Networking
Operations/Production/Logistics
Discuss how the business tasks handled by each area are important to the other functional areas
Recommend methods through which the groups can enhance communication.
Identify any possible areas of friction or possible pushback between the groups.
Complete additional research on this topic as necessary, ensuring to cite and reference all materials in APA format.
Use the Executive Summary Template as a guide for writing.
Complete additional research on this topic to support ideas.
A minimum of two (2) sources outside of the text should be used to complete this assignment.
Utilize correct APA formatting, cite and reference materials appropriately.
Reference:Gleeson, B. (2013, October 2). The silo mentality: How to break down the barriers. Forbes.
Question: How would you evaluate the success of a business?
• List the factors you would use and explain why you selected them.
• Explain how the economic system within a country would affect these measures.
1) Introductory paragraph goes here.
2) In two to three paragraphs list and explain the factors you would use to evaluate a business's success. Alternately use detailed bullets in the form of:
Criteria - Justification/Explanation
3) In two to three paragraphs, explain how the prevailing economic system would affect these criteria. Assume a mixed system today, and discuss how this would vary under pure capitalism, socialism and communism.