BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Organizational design and optimization is defined as the assembly, alignment, and leveraging of an organization’s resources to realize its stated goals/objectives. It exists at the nexus of high efficiency, high effectiveness, and high utilization of all relevant and available resources at the organization’s disposal.

Detailed explanation-2: -Organizational structure is a way or method by which organizational activities are divided, organized and coordinated. The organizations created the structures to coordinate the activities of work factors and control the member performance. Organizational structure is shown in organizational chart.

Detailed explanation-3: -Organizational efficiency: Process of using fewer resources, as well as less time and less money, to achieve the same goal. Organizational effectiveness: Ability to attain the goal by doing the “right things.”

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.

Detailed explanation-5: -The project-based structure features the best of both the traditional line and functional organizational structures: it’s simple, with the first tiers answering only to a direct supervisor.