GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It makes good use of organizational resources.
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It is inexpensive to implement.
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It speeds up decision-making.
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It reduces the duplication of certain activities.
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Detailed explanation-1: -Perhaps the biggest advantage of a matrix structure is that it brings together highly skilled team members from different departments, allowing the organization to capitalize on the resources it already has rather than seeking expertise and recruiting project team members from outside of the organization.
Detailed explanation-2: -coordination of complex and independent activities.
Detailed explanation-3: -Matrix organizational structures help companies communicate better, share resources between departments, and efficiently develop employees. But they can also add confusion to the reporting process, create heavy workloads for employees, and cost more money.
Detailed explanation-4: -Why use matrix diagrams? Matrix diagrams are an effective tool for visualizing complex (many-to-many) relationships. They help project managers identify the different ways elements interact and depend on one another in order to make better decisions, solve problems, and improve processes.
Detailed explanation-5: -The advantages of this type of structure are: specialisation-departments focus on one area of work. productivity-specialism means that staff are skilled in the tasks they do. accountability-there are clear lines of management.