Lloyds Banking Group Integration Essay Example | Topics and Well Written Essays - 1750 words

Lloyds Banking company Integration - Essay ExampleIn the first type of hybrid structure company can combine the characteristics of both the operational and divisional structures. In this type of hybrid structure, Lloyds Group can organise its important functions into self-contained units by decentralising it whereas, the functions which require economies of scales and stability can be centralised. In the second type of hybrid structure, the company can combine the characteristics of functional, divisional and horizontal structures (Daft, 2009). Most of the multinational companies have hybrid structure. This structure is peculiarly useful for the organisations where the environment is highly uncertain and organisation can be best managed through divisional structure and some functional expertise is as well as required (Zamaros). This structure can offer great flexibility to Lloyds Bank. The following table describes the cultural dimensions (Gray & Larson, 2005) which could be affe cted by changing the organisational structure of Lloyds Group from Divisional structure to Hybrid structure. ... f Lloyds Group could be improved by developing teams in the functions which involve teamwork tasks and by emphasising on individual tasks wheresoever important. Company has the flexibility to achieve a balance between individual work and teamwork. Inter-unit Relations The inter-unit relations of Lloyd Group could be improved if Lloyds Group go for divisional structure and could be reduced if Group goes for functional structure. Company has the flexibility to achieve the balance of coordination and interaction between units. Control The control of the supervisors to yield the behaviour of employees could be improved in the segments of business with functional structure. Company has the flexibility to achieve the balance of control. Social Distance Lloyds could improve its culture by reducing the social distance in the segments where company adopt divisional structure and enhance the social distance where company uses functional structure retort Criteria The reward criteria could be defined by establishing seniority based and experience based priorities in functional structure and by establishing performance based criteria in divisional structure Conflict Tolerance Achieving the control tolerance balance across two kinds of structure (functional and divisional) could bend a challenge for Lloyds Group take of Effort The Group could enhance level of efforts of employees by increasing control through centralising some processes and decentralising others, based on particular needfully Sharing Information Lloyds Group could control information sharing by using two kinds of structure External Orientation Lloyds Group could also become more flexible to respond to external orientations in a hybrid structure By adopting the hybrid structure, Lloyds Group could achieve various