1. Describe TWO organizational application used in the case study to improve the company productivity.b) Analyse at least THREE possible strategies that company may use to improve its organizational structure. Soufian, a senior account executive is spending more money than he can afford. He is theauthorized signatory on the company's bank account and write cheques for himself, hisaccomplices and his creditors. Here, no one is reviewing the supporting documents orreconciling the bank statements. In addition, he has a complete control over the company'scomputerized accounting system. Accordingly, because there was no oversight of his work,Soufian is brave enough to do absolutely nothing to conceal the irregularities on the records.An account clerk assists Soufian, but the clerk job is not requiring much attention, forexample, only does filing and retrieving documents, answering phones, responding to emailsand running errands. On the other hand, Soufian is occupying too much time with his work bynot telling the account clerk about the accounting procedures or to give training on operatingthe accounting system. The truth is Soufian chooses not to delegate his tasks and he isappeared to be contented of working extra hours.

The structure of the organization contributes to the success and competitiveness of the…

1. Describe TWO organizational application used in the case study to improve the company productivity. b) Analyse at least THREE possible strategies that company may use to improve its organizational structure.

1. Describe TWO organizational application used in the case study to improve the company productivity. b) Analyse at least THREE possible strategies that company may use to improve its organizational structure.

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

Soufian, a senior account executive is spending more money than he can afford. He is the
authorized signatory on the company's bank account and write cheques for himself, his
accomplices and his creditors. Here, no one is reviewing the supporting documents or
reconciling the bank statements. In addition, he has a complete control over the company's
computerized accounting system. Accordingly, because there was no oversight of his work,
Soufian is brave enough to do absolutely nothing to conceal the irregularities on the records.
An account clerk assists Soufian, but the clerk job is not requiring much attention, for
example, only does filing and retrieving documents, answering phones, responding to emails
and running errands. On the other hand, Soufian is occupying too much time with his work by
not telling the account clerk about the accounting procedures or to give training on operating
the accounting system. The truth is Soufian chooses not to delegate his tasks and he is
appeared to be contented of working extra hours.

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