Hello reader, hope you are good! So today I will be looking at mature industries. Basically, I will be letting you know how to compete in a mature industry. Majorly, according to my research multinational companies use bureaucracy to maintain efficiency which contributes to their competitive advantage and most of them are in the mature industry. Companies like that are able to achieve efficiency through the division of labor, standardized job responsibilities and a clear management structure. Basically, they use the principles of bureaucracy to guide their actions. 4 principles of bureaucracy will be discussed below.
"- Principles of Bureaucracy
Structure of the business
Within a bureaucratic structure, senior colleagues are given the authority to control junior colleagues, thus each level can control any level below it.
Rules and Regulations
Bureaucracy encourages uniformity amongst all staff, thus rules and regulations made by the most superior colleagues must be implemented at all levels.
Employees have special skills with respect to whatever tasks that they execute. Their jobs are routine and functionally based.
Staff member are employed based on technical skills and expertise."