TERM 1
Organizational structure
DEFINITION 1
a firm's organizational structure comprises the formal and
informal arrangement of tasks, responsibilities, lines of
authority, and reporting relationships by which the firm is
administered.
TERM 2
Simple Structure
DEFINITION 2
a simple structure consists of a central executive who
handles all major decisions and oversees all operations with
the help of a small staff.
TERM 3
Functional Structure
DEFINITION 3
a functional structure is organized into functional
departments, with departmental managers who report to the
CEO and small corporate staff.
TERM 4
Multidivisional structure
DEFINITION 4
a multidivisional structure is a decentralized structure
consisting of a set of operating divisions organized along
business, product, customer group, or geographic lines, and
a central corporate headquarters that allocates resources,
provides support functions, and monitors divisional activities.
TERM 5
matrix structure
DEFINITION 5
a matrix structure is a structure that combines two or more
organizational forms, with multiple reporting relationships. It
is used to foster cross-unit collaboration.
