Question

In: Economics

how status hierarchies reflect and in turn shape relationships among producers, suppliers and consumers. ?

how status hierarchies reflect and in turn shape relationships among producers, suppliers and consumers. ?

Solutions

Expert Solution

Status hierarchies is an activity of determining authority of members of a company and their roles and responsibilities too.Status hierarchies is a flowchart which depicts the position of members in a company and their authority and dominance over remaining workers or members.It usually shows how the higher authority members manage and distribute  work among remaining members.Higher authorities and their subordinates try to maintain coordination between lower authorities and workers while performing work.In manufacturing units,status hierarchies reflect relationships among producers,suppliers and consumers.These hierarchy charts describe how producers divide production work among workers,labourers inorder to produce goods.After production the next step or part of the statuts hierarchy is how producers supply the produced goods to supplies and distributors.Then the last part of status hierarchy is how the distibutors,suppliers,sellers sell those goods to consumers.The chart also depicts the time taken and flow of work whether the activities are carried out with ease or delayed and it even depicts the difficulties and problems faced by workers,producers,suppliers,consumers while performing their roles and responsibilities.The top management of the manufacturing unit observes the chart and takes necessary decisions to erase the delays in work,difficulties and problems inorder to have hassle-free work environment.These status hierarchies even provides information regarding relationship among producers,workers,suppliers and consumers.This helps to solve the issues and improves professional relationship bond among them.If there is a good relationship among producers,workers,suppliers and consumers then there are chances to get the work done easily without any clashes,issues or difficulties.

Hence the status hierarchies reflects and in turn shapes relationship among producers,suppliers and consumers.It helps to mould the relationships in a better way between different authorities so that there will no issues while performing work.Status hierarchies shows the position,role of members of company,manufacturing unit or organisation and helps to improve the strategies inorder to get the work done within the time limit.


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