The organizational structure is concerned with determining the responsibilities of they are entirely dependent on the goal of depositary organisations and the way it wants to achieve them. As discussed above, the structure of depositary organisations is a flat structure. This type of organisational structure facilitates the views of the workforce in depositary organisations. In addition to that, depositary organisations have little or no supervision on its workforce. This implies the fact that the employees do not have to worry much about nose poking managers. They can undertake their decision with complete freedom.In addition to that, the flat structure followed in depositary organisations ensures that their employees are at liberty in expressing their views so that it can contribute to the prosperity of the group.
Relationship Of Structure And Culture Of Depositary Organisations
As depositary organisations follow a flat structure and incorporate the views of its employees, it makes the cultural environment of depositary organisations more comfortable to share common objectives. It depicts that the organisational culture of depositary organisations has the positive impact on the motivation of a group. As their views are increasingly being recognised, the employees feel motivated to take depositary organisations to a new level of prosperity and success. On the other hand, if an organisation is a sound in its performance, it leads to the birth of a healthy organisational culture. The same applies to the case of depositary organisations.
The Importance Of Functional Structure In A Depositary Company
It has a healthy success rate that is evident from the fact that major international clients have faith in its performance. It is apparent that when an organisation like the stature of depositary organisations are performing well, there will be the high rate of moral views and ethics within the group. The flat and team-oriented functional structure of depositary organisations is eventually helpful to generate the provision of role culture in the business performances for outlining sets of specific roles and responsibilities for the employees. The functional structure and the role culture are vehement in the aspect of team working environment of depositary organisations to ensure high affectivity and efficiency in achieving the organisational objectives with ease. The adaptation of functional structure by depositary institutions is integrally related to the procurement of role culture in the organisation to ensure the upsurge of innovative and creative thinking for enhancing the quality of consultancy services. On the other hand, the matrix organisational structure of depositary organisations promotes the growth of corporate culture, and hence the employees can contribute effectively towards the growth of Northfield storage units.
Therefore, it is evident that there is a clear connection between organisational culture and structure of depositary organisations that relinquishes inevitable progress in business performance. The innovative learning of depositary organisations enables the group to foster the effectiveness of productivity to ensure sustainable market availability of products. This creative culture impacts upon the organisational performance of depositary organisations by modifying the product descriptions and characteristics rapidly to act in compliance with the changing aspirations of the customers.