1) Define and discuss what constitutes a successful organisation. 2) Coursework

1) Define and discuss what constitutes a successful organisation. 2) Use an example organisation to recommend appropriate performance indicators and justify your choice - Coursework Example Organizations have a structure and management that guides its operations to achieve its objectives. This structure guides the members on whom to do, what to do, when to do, where to do it and to whom. This structure helps in smooth running of the activities (Cohen et al., 2008). Each organization has stakeholders who play different roles to achieve its goals. For instance, profit making organizations stakeholders are: employees, customers, government, shareholders, investors, suppliers, creditors and society as whole. All these stakeholders are very important to any successful organization. The market is becoming competitive day in day out. Therefore, for any organization to feature in the local and global market, it has to meet the current trends of business. The following qualities constitute a successful organization. Firstly, a successful organization must have a management structure. Management is the foundation to a successful organization. The management provides leadership to all the workers in the organization. For instance, researchers consider the mixed type of management best when dealing with a large organization whereas a flat management is preferable in small organizations. Mixed management consists of three levels of management: top, middle and operational or low level. The top management makes the final decisions for the organization and the head is general manager or the chief executive officer. Additionally, top managers make the strategic decisions that aim at achieving the organization goals. Middle management makes the department decisions (Daft & Marcic, 2013, p. 54-56). The departments include sales and marketing, finance, accounting and so many others. Departmental managers head these departments. The manager is responsible for making decisions that facilitates effectiveness and efficiency in the department. The middle managers are answerable