Answer To: PART 1 1. The current organizational structure 2. What operational problems (e.g., inefficiency,...
Robert answered on Dec 26 2021
Literature Review Assignment 1
Literature Review Assignment
The Current Organizational Structure Of AZURE GROUP Australia
Azure Group Pty Ltd. is the Chartered Accountants in Australia. The whole organization created a significant categorical impact on the basic business performance. Staying in and working with the Azure Group has transpired our business swiftly to help sustain our future growth. Said by Jeff Downs, CEO of Azure Group. (Azure Group, 2015).
“I am passionate about helping Australian businesses to transpire to be the foremost and leading companies around the world, by training, developing and educating every individual in the business financial management.” – Leading Managing Partner, Michael Derin.
Founded in the year 2002, the Azure Group’s Michael Derin, basically formed a CA - Chartered Accountancy firm. Thereafter, the Azure Group quickly adapted to meet the market demands and introduced fresh business arms to drive the essential needs of Australian business life cycles of the initial client needs from the ideas to exit point. (Azure Group, 2015).
The entire team understands the exceptional accountancy operational procedures and all are offered the right tools and resources to excel. All the employees rightly understand the qualities and functioning capabilities they need to operate in the high standard performing environment, that reward them adequately. The entire Azure Group and the employees are driven by a certain promising ethos, understanding today, as they plan for tomorrow’s events. They believe in executing an extraordinary outcome for their clients, study them well to understand their present status, how to make effective alterations and to take them to a higher path for better and higher destiny. (Campbell, 2017).
They uphold a strong reputation, staying proactive, delivering innovative, smart, and revolutionary benefits to meet the demanding business needs of today. They strive persistently, to retain, attract, and develop people to demonstrate similar passion and ethos. The Azure team creates an exceptional accountancy work, work with drive, intelligence, and enthusiasm, with commitment to gain an outstanding outcome for the clients and peers. (Azure Group, 2015).
Source: Azure Group, 2015, History, http://www.azuregroup.com.au/about-us/history
Operational Problems With Structure
Azure Group is well experienced and has managed very complex financial requirements of a numerous leading Australian and International companies. They have partnered with many industries leading dependent advisors, who are committed to help, and achieve business and financial success. Azure Group is the foremost business advisory, chartered accounting, and virtual CFO company in Sydney. They advise on practical commercial procedures and technical tax experience, to streamline accounting systems of the business, and help improve overall financial management and health of their business. We recognize today’s business needs, offer the best suggestions for business developments and the future plans, in Taxation; Business Accounting; Corporate Governance; Accounting Assurance; Provide a unique tailor made solution to meet long term objectives of business, provide Virtual CFO; Wealth advice solution; Corporate Advisory; personal finance planning. (Azure Group, 2015).
There are ways to support Consistent operational improvement and performance, with the Operational Intelligence and Value Stream Management.
Operational Performance system and Management, also called BPM - Business Performance Management, CPM - Corporate Performance Management (CPM) and EPM - Enterprise Performance Management these all are the combination of several processes of improvement methodologies, help organizations increase business performances. They form a framework for automating, organizing, and analyzing most of the business systems, processes, metrics, and methodologies that drive and control business performance. (Morris, 2009).
The VSM - Value Stream Management uses a Lean Process method to combine metrics, while reporting to managers and concerned people using tools required gaining desired results. Using the consistent data of the given value stream context, the organization can deliver maximum performance with efficiency, with a predicted customer for the value and accuracy, profitability and cost...