BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Organisational structure determines the assignment and coordination of roles, power and responsibilities within a business. It also defines how information flows between the different levels of management. Every business, from a sole trader to the largest company, is organised in a particular way.

Detailed explanation-2: -A lack of organizational structure means that project and administrative responsibilities are often neglected. In a strong organization, responsibility is not used as a vehicle for pointing fingers.

Detailed explanation-3: -Organizational structures are important because they help businesses implement efficient decision-making processes. By assigning specialized roles to lower-level employees, businesses can make better decisions faster.

Detailed explanation-4: -The four types of organizational structures are functional, multi-divisional, flat, and matrix structures. Others include circular, team-based, and network structures.