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Organization Theory & Design - Essay Example
Pages 6 (1506 words)
Esprit is a global youthful lifestyle brand offering smart, affordable luxury and bringing newness and style to life. The Group offers 11 product lines encompassing women's wear, men's wear, kids wear as well as shoes and accessories through over 630 directly managed retail stores and over 9,700 wholesale point-of-sales worldwide…
The Board has ten Directors, including the Chairman of the Board, five of them being executive and the other five being non-executive Directors, of the latter three are independent. Of the five executive directors one is Chairman and in charge of the overall corporate direction and strategy of the Group; another is Deputy Chairman and Chief Executive Officer of the Group and looks after a variety of areas, including production, organization, marketing, strategy and brand positioning; third is the Deputy Chairman, Group Chief Financial Officer and Company Secretary and is primarily responsible for managing the Group's financial and legal functions, including strategic planning and corporate finance, investor relations, accounting and tax, treasury management as well as company secretarial affairs; fourth is the joint Chief Operating Officer of the Esprit brand and the global head of wholesale operations of the Group and fifth is the joint Chief Operating Officer of the Esprit brand and the global head of retail operations of the Group. Thus, Esprit has a functionally divided organizational design at the top management rungs. ...
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