Functional design provides extensive benefits as well as challenges. To optimize the structure, leaders should ensure that functions operate within scope and that cross-organizational silos are bridged.
When leaders think about the elements of their strategy, they should review each offering to determine if it leads to more sales or greater profit margins. If it doesn’t contribute to the revenue model, a refocus might be in order.
Leaders can be overwhelmed by the number of decisions they must make to move forward. Agreeing on common organization design principles in advance can streamline the process for making critical decisions in the future.
A purpose-driven organization can provide unique competitive advantages that benefit employees and customers alike. Learn how you can take advantage of the intrinsic value this kind of organization offers by aligning purpose with profits.
Peloton’s rapid growth during 2020 also brought growing pains, as disgruntled customers waited months for equipment deliveries. These questions can help ensure your organization design is properly aligned with your growth strategy.