In addressing organizational challenges, an individual firm must consider three key aspects: structure, processes, and people. The structure refers to the formal organization, defining how roles and responsibilities are allocated. Processes outline the decision-making methods and conflict resolution strategies, ensuring that the organization can navigate challenges effectively. However, simply analyzing one of these aspects will not yield a comprehensive solution; all three must be considered holistically.

The prioritization of these elements is crucial, with people taking precedence, followed by processes and structure. This indicates that appointing the right individuals is vital for the success of the organization, as they will drive the complex tasks required to implement effective processes within the established structure. In essence, while all three components are important, their effective integration begins with a focus on the people involved in the organization.