BUISENESS MANAGEMENT
BUSINESS STRUCTURE
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Functional
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Geographic
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Matrix
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Product
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Detailed explanation-1: -A matrix organization is a company structure where teams report to multiple leaders. The matrix design keeps open communication between teams and can help companies create more innovative products and services.
Detailed explanation-2: -What are the characteristics of a matrix organization? The characteristics of a matrix organization include multiple chains of command, a collaboration between different departments, and sharing of skilled resources.
Detailed explanation-3: -The matrix structure is a type of organizational reporting structure set up like a matrix or grid. Unlike a traditional hierarchy wherein employees report to a boss, in a matrix organization, employees report to a functional manager and a product/project manager.
Detailed explanation-4: -Definition. A matrix organizational structure is a company structure in which the reporting relationships are set up as a grid, or matrix, rather than in the traditional hierarchy. In other words, employees have dual reporting relationships-generally to both a functional manager and a product manager.
Detailed explanation-5: -A matrix organizational structure is set up on a grid to demonstrate staff reporting patterns to more than one authority. It is a hybrid of functional and projectized organizational structures, and project managers share authority with other program managers in this structure.