Refer to a framework proposed by Gorry and ScottMorton Despi

Refer to a framework proposed by Gorry and Scott-Morton. Despite many new and continuing developments in decision support models and methodologies, this decades-old framework still remains very relevant and useful.

Please select an organization that you\'re somewhat familiar with and describe with one or more examples of tasks or decisions pertaining to each cell of the matrix in the selected organization. You may choose any organization (actual or hypothetical) in any sector (for example retail, healthcare, education, transportation, military, etc.).

Operational Control

Managerial Control

Strategic Planning

Structured

Semi-structured

Unstructured

Operational Control

Managerial Control

Strategic Planning

Structured

Semi-structured

Unstructured

Solution

I am taking the example of a firm called \"Sumitomo Mitsui Bank\" in the banking sector. I worked in the firm as an analyst in their accounting and treasury department. The bank was a Japense bank dealing mostly with Japense clients and very less non-Japenese clients. The bank was present only in the corporate banking segment. The bank was very orthodox and conservative in its working style. It was less reluctant to pursue non-Japenese clients for business growth.

The below matrix gives the actual examples of the tasks that were being performed in that organization:

Operational Control Managerial Control Strategic planning
Structured Tallying of nostro and vostro accounts i.e accounts held with foreign branches Forecasting of different accounts to estimate the forex reserves for the year Maintaing forex reserves to achieve the target gains, structured investment policy and portfolio management
Semi structured Physical audit of assets Budget allocation for miscellaneous expenses application of new technology to improve the banking process
Unstructured Petty cash management Negotiating with non japenese clients Implementation of new processes which are less time consuming
Refer to a framework proposed by Gorry and Scott-Morton. Despite many new and continuing developments in decision support models and methodologies, this decades

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