BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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work is structured around main business functions
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work is structured around specific projects
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Detailed explanation-1: -What is a functional organisational structure? In this type of organisational structure, businesses are organised according to their roles and skills into smaller groups or departments. This may include, for example: sales.
Detailed explanation-2: -A functional structure is a business structure that is based on the function of each position within the business and the knowledge and skills of the team members that perform each role.
Detailed explanation-3: -The functional organizational structure helps organizations run their business and earn a profit by grouping employees based on their skills and expertise. It provides a clear hierarchy and minimizes confusion among employees who may be unsure who they are to report to.
Detailed explanation-4: -A great example of this is Amazon’s corporate structure. The functional organization structure is ideal for a business that deals primarily with operations, such as e-commerce, logistics, or manufacturing, where specialist employees fill skilled roles.