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

Lloyds Banking Group Integration - Essay Example In the first type of hybrid structure company can combine the characteristics of both the functional 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 particularly useful for the organisations where the environment is highly uncertain and organisation can be best managed through divisional structure and some functional expertise is also required (Zamaros). This structure can offer great flexibility to Lloyds Bank. The following table describes the cultural dimensions (Gray & Larson, 2005) which could be affected by changing the organisational structure of Lloyds Gro up 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 wherever 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 influence 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 Reward Criteria The reward criteria could be d efined 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 become a challenge for Lloyds Group Level of Effort The Group could enhance level of efforts of employees by increasing control through centralising some processes and decentralising others, based on particular needs 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