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ILM Assignment Help > CMI Level 3 > CMI 301 Assignment Example

CMI 301 Assignment Example

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CMI 301 Assignment Example

TASK 1

AC1.1 Outline the governance of different types of organisation

1.Public Limited Company (PLC)They are subject to strict rules and laws regarding corporate governance. Ownership is in the hands of the shareholders, who elect the board of directors. The board of directors has the power to make strategic decisions, executive appointments and policy formulation, and provides strict financial reporting to shareholders, regulators and the public to ensure transparency (Salehi, Ammar Ajel & Zimon, 2022).
2.Limited Liability CompaniesThey are governed by the legal rules of private companies and are less regulated than PLCs. Ownership can be assigned to smaller groups with their own boards. The Board of Directors oversees operational decisions, strategy and executive appointments. But unlike a PLC, an LLC still maintains financial transparency and compliance with the law.  
3.Third sector organisations (voluntary/non-profit/charity)They are subject to different regulations specific to their non-profit nature. A board of directors, usually made up of volunteers, oversees the trust. The Board of directors oversees organisational leadership, mission alignment, and leadership selection. Focus on fulfilling the organisation’s mission while maintaining transparent financial practices for donors and regulators.

TASK 2

AC1.2 Explain the factors which influence an organisation’s culture

According to White-Lewis, D. K. (2020), an organisation’s culture, equity and diversity are shaped by a multitude of interrelated factors that collectively define an organisation’s identity and impact. These factors, from size and historical background to purpose and leadership, help shape an organisation’s uniqueness. The size of an organisation affects the dynamics of communication, cohesion, and the ease with which cultural initiatives can be implemented. Industry requirements, competition and market trends influence cultural aspects such as innovation, adaptability and risk-taking. Hierarchical arrangements, communication channels, and cross-functional collaboration affect the development and diffusion of culture. The age, gender, race and ancestry makeup of the workforce shapes an inclusive and diverse culture. Leadership styles, ethical values, etc. of top management. The decision-making process affects cultural norms and priorities. An organisation’s mission, vision, and values ​​drive culture by aligning employee behaviour with overall purpose. An organisation’s history, heritage and experiences shape cultural traditions, values ​​and beliefs.

AC1.3 Explain the purpose of organisational mission, vision and value statements An organisation’s mission, vision, and values ​​statements serve as guiding principles that guide the organisation’s actions, strategy, and culture. They play a key role in defining an organisation’s purpose and direction, while providing a framework for employee behaviour and inspiration. A mission statement (Hervieux & Voltan, 2019), expresses an organisation’s reason for being, outlining its core activities and the impact it seeks to achieve. This clarity helps stakeholders understand

rstand the fundamental purpose of the organisation. A vision statement represents a compelling proposition for the future and acts as a goal to strive for. They provide a long-term perspective to guide strategic decision-making and goal setting. Values ​​statements describe expected behaviours, codes of ethics, and norms that guide employee interactions and decision-making. They foster a cohesive culture that aligns with organisational principles. Well-crafted mission and vision statements inspire employees, customers, investors, and other stakeholders by articulating the organisation’s overall purpose and the positive impact it hopes to have. AC1.4 Outline the purpose of organisational strategies According to Tripathi (2023), an organisational strategy acts as a roadmap that guides an organisation in achieving its goals while effectively meeting the needs of its stakeholders. These strategies are carefully crafted plans that link an organisation’s overall goals to its operating plans. Their development is influenced by the type and function of the organisation. Organisational strategy describes how the organisation intends to achieve its long-term goals and ensures that every action contributes to the desired outcome. Strategy is designed to meet the needs and expectations of different stakeholders, including customers, employees, investors and the community. The type of organisation, whether for-profit, not-for-profit, or government, affects s...

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