The proverbially acknowledged model of Mc Kinsey has seven concepts to define the parameters of running a business, each concept starting with an S.
Strategy- This component of Mc Kinsey's model is responsible for systematic action and proper allocation of resources to meet the organization's aims.
Structure- The second component is concerned with the organization structure and maintains a harmony between the authority-responsibility relationships.
Style- This dimension of the model is involved with the way the organization operates and collectively works to achieve its company's goods and services.
Skills – The idea behind skills to sustain the distinctive capabilities of an organization.
Staff – Staff deals with the people in the enterprise and how they socialize in the organizational culture and how the interpersonal ambience of the enterprise is established.
Shared values – Also referred to as sub-ordinate goals, this component concerns the values that are shared by the members of an organization.
Strategy- This component of Mc Kinsey's model is responsible for systematic action and proper allocation of resources to meet the organization's aims.
Structure- The second component is concerned with the organization structure and maintains a harmony between the authority-responsibility relationships.
Style- This dimension of the model is involved with the way the organization operates and collectively works to achieve its company's goods and services.
Skills – The idea behind skills to sustain the distinctive capabilities of an organization.
Staff – Staff deals with the people in the enterprise and how they socialize in the organizational culture and how the interpersonal ambience of the enterprise is established.
Shared values – Also referred to as sub-ordinate goals, this component concerns the values that are shared by the members of an organization.