Question

What are the Mckinsey 7S framework for Flip Factory Inc. ? Please give details about the following; strategy, structure, system, shared values, style, staff and skills.

Answer 1

The Mckinsey 7S framework is a management model. This model was a strategic vision for the organization. The 7s are structure, strategy, systems, skills, style, staff and shared values. Organization mostly use this model to assess and monitor changes that takes place in the internal situation of the organization. According to this model if an organization has to perform well then it will have to align all these 7 elements and reinforce them mutually. Change can be of any type, i.e. merger, restructuring etc, this model can be used to understand how the elements are interrelated and to ensure that wider impact of changes made in one area is taken into consideration. The models are:

• Strategy: This can be defined as the plan that is developed by the firms that is developed to achieve sustained competitive advantage. A good strategy is one that helps organization to have competitive advantage. A good strategy is one which is developed with strong mission , vision and values.
• Structure: The manner in which business units and divisions are organized. In simple terms it can be defined as an organizational chart which contains information about who is accountable to whom.
• Systems: These are process which defines how business is carried on. It is the main focus area.
• Skills: These are the organizations core competencies. This is the ability of the organization to perform well during change.
• Staff: This element is concerned about how many employees will be needed and how they will be recruited. This element mainly focus on how employees will be recruited , trained and rewarded.
• Style: It is the management style of the organization i,e the way the organization is managed by the management. How they treat problems and how they lead.
• Shared values: This is the core element of Mckinsey framework. This element defines the standards that guide employee behavior. This is the foundation of all the organization.