McKinsey's 7S Model By MyAssignmentHelp.com

What is the McKinsey 7S Model? McKinsey 7S model is a useful tool practiced by different organizations to ensure the success of their business. This model shed light on seven key elements known for their significance in deciding the fate of a business. In the next slide are given all the seven elements capable of ensuring success in your business.

Strategy Structure Systems Shared Values Style Staff Skills

Now, to ensure a successful business, you need to identify the alignment of these factors and arrange them accordingly. The appropriate arrangement of these elements are given in the next slide.

1. Strategy It is a foolproof plan adopted by different businesses to ensure their competitive advantage in the market. A sound strategy is well-recognized for articulated goals to achieve a competitive advantage over others. Thus, a business must find a perfect alignment in these elements.

STRATEGY

2. Structure An appropriate structure is like a blueprint for business divisions and includes the information regarding the responsible person. A chart or a structure is highly transparent and easy to make amendments. 3. Systems This element reveals the methods practiced by a firm to make decisions. It determines the primary focus of business during any amendments like the introduction of a new policy.

STRUCTURE SYSTEMS

4. Skills As the name suggests, skills are the abilities possessed by the employees to work for the growth of the organization. Every company hires a new employee based on his/her competency and determination towards the organizational benefits. 5. Staff It is an essential element as it is responsible for the recruitment as well as training of the new employees. Moreover, companies practice reward and recognition to motivate their employees and boost their skills.

SKILLS STAFF

6. Style Style depicts method or hierarchy of a company to approach its high level authorities. For instance, a company where an associate level employee can freely connect with a high level authority, there are better chances of development. 7. Shared Values This element is the heart of the McKinsey framework. It determines the norms monitoring the employee behavior and the organization’s actions. It is also known as the foundation of every company.

SHARED VALUES

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