ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -An organizational chart is a diagram that visually conveys a company’s internal structure by detailing the roles, responsibilities, and relationships between individuals within an entity.

Detailed explanation-2: -An organizational structure defines how job titles, roles, and responsibilities are assigned within a company. It helps determine who reports to whom, and who makes decisions about what. Startups often have a matrix organizational structure, with different departments working together on projects.

Detailed explanation-3: -This could be the company’s Chief Operating Officer (CEO) or business owner, and the individual is the head of the organization in the reporting structure. They guide their employees, who further manage the low-level employees.

Detailed explanation-4: -Lead Management Positions Chief Operating Officer (COO), Vice President of Operations or General Manager–Whether called an organizer, an inside manager or an operations person, this person is the one who will make sure company operations flow smoothly and economically.

Detailed explanation-5: -The four types of organizational structures are functional, multi-divisional, flat, and matrix structures. Others include circular, team-based, and network structures.