SECTION A: CASE STUDY Read the case study and answer the questions that follows. You are to write a minimum of ¼ of a pa

[answerhappygod]

SECTION A: CASE STUDYRead the case study and answer the questions that follows. You areto write a minimum of ¼ of a page for each question. You can writemore if necessary.ANZ, ONE OF AUSTRALIA’S LARGEST BANKS, HAS COMPLETELY REDESIGNEDTHE organizational structure of its Australian business to allow itto react quickly to threats from technology based competitors. Toimprove responsiveness to customers and enhance innovation, it hasreduced levels of middle management and implemented a flatorganizational structure built around 150 self-managed teamsworking in 18 areas (or tribes) as autonomous business units. Thesetribes focus on the development of specific products and servicesin response to customer demands. Previously, ANZ adopted afunctional structure, where it was grouped into distinct businessdepartments such as sales, risk, legal and technology. The newstructure has resulted in the removal of multiple layers of middlemanagement and allows small, collaborative, self-directed teams tofocus on developing team innovative solutions for customers.Marketing specialists, product specialists, designers, ITspecialists and data analysts who previously work alongside oneanother. The movement to team-based organizational structures is agrowing trend among largest financial services companies such asING and ABN AMBRO.
Questions:1) ANZ Australia previously used a “functional structure”. Explainwhat a functional structure is, and identify 3 of its keyfeatures?2) Identify and explain 3 advantages of a “functionalstructure”.3) Do you think a bureaucratic structure can work effectively forANZ? Provide 3 points to support your argument.4) Based on the case study explain why ANZ Australia redesigned itsorganizational structure?5) Explain a team-based structure, and provide at least 3advantages.
6) ANZ is located globally in Australia, New Zealand, Asia, thePacific, Europe, North America and the Middle East. What structurewould you recommend for multinational organizations such as ANZ.Support your answer with 3 reasons.