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Handwritten Notes, Paper 1, , Paper 2, (Management), , Soft Copy, , ₹ 100, , ₹ 300, , Hard Copy, , ₹ 150, , ₹ 450, , Call or Whatsapp for Notes : 7627096162, Note : Paper 1 includes 7 units except Comprehensions, Numerical Reasoning, and Data Interpretation because these units are practice based and theoretical, part of these units is covered in notes., For hard copies postal/courier charges are separate.

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Mckinsey’s 7S Framework, The McKinsey 7S Model refers to a tool that analyzes a company’s, “organizational design.” The goal of the model is to depict how effectiveness can, be achieved in an organization through the interactions of seven key elements –, Structure, Strategy, Skill, System, Shared Values, Style, and Staff., The focus of the McKinsey 7s Model lies in the interconnectedness of the, elements that are categorized by “Soft Ss” and “Hard Ss” – implying that a, domino effect exists when changing one element in order to maintain an, effective balance. Placing “Shared Values” as the “center” reflects the crucial, nature of the impact of changes in founder values on all other elements.

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Hard-s in Mckinsey’s 7S Framework, 1. Structure, Structure is the way in which a company is organized – chain of command and, accountability relationships that form its organizational chart., 2. Strategy, Strategy refers to a well-curated business plan that allows the company to, formulate a plan of action to achieve a sustainable competitive advantage,, reinforced by the company’s mission and values., 3. Systems, Systems entail the business and technical infrastructure of the company that, establishes workflows and the chain of decision-making.

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Soft-s in Mckinsey’s 7S Framework, 4. Skills, Skills form the capabilities and competencies of a company that enables its employees to achieve its, objectives., 5. Style, The attitude of senior employees in a company establishes a code of conduct through their ways of, interactions and symbolic decision-making, which forms the management style of its leaders., 6. Staff, Staff involves talent management and all human resources related to company decisions, such as, training, recruiting, and rewards systems, 7. Shared Values, The mission, objectives, and values form the foundation of every organization and play an important, role in aligning all key elements to maintain an effective organizational design.

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How to apply Mckinsey’s 7S Framework, Step 1: Identify the areas that are not effectively aligned : Look for gaps and inconsistencies in, the relationship of elements. What needs to change?, Step 2: Determine the optimal organization design : It is important to consolidate the opinions of, top management and create a generic optimal organizational design that will allow the company to, set realistic goals and achievable objectives., Step 3: Decide where and what changes should be made : Once the outliers are identified, the, plan of action can be created, which will involve making concrete changes to the chain of hierarchy,, the flow of communication, and reporting relationships., Step 4: Make the necessary changes : Implementation of the decision strategy is a make-or-break, situation for the company in realistically achieving what they set out to do.

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Advantages and Disadvantages of 7S Framework, Advantages of the Model :,  It enables different parts of a company to act in a coherent and “synced” manner.,  It allows for the effective tracking of the impact of the changes in key elements.,  It is considered a longstanding theory, with numerous organizations adopting the, model over time., Disadvantages of the Model :,  It is considered a long-term model.,  With the changing nature of businesses, it remains to be seen how the model will, adapt.,  It seems to rely on internal factors and processes and may be disadvantageous in, situations where external circumstances influence an organization.

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