BUISENESS MANAGEMENT
BUSINESS STRUCTURE
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Divisional Structure
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Network Structure
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Hierarchical Structure
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Team-based Organizational Structure
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Detailed explanation-1: -In a hierarchical organizational structure, employees are grouped and assigned a supervisor. It is the most common type of organizational structure. Employees may be grouped by their role or function, geography or type of products or services they provide.
Detailed explanation-2: -Hierarchical org structure It’s the most common type of organizational structure-the chain of command goes from the top (e.g., the CEO or manager) down (e.g., entry-level and low-level employees), and each employee has a supervisor.
Detailed explanation-3: -A hierarchical structure is the chain of command within a company that begins with senior management and executives and extends to general employees. This organization of authority ensures management levels understand their relationships with each other and helps companies make efficient decisions.
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: -Matrix. A matrix structure is a hybrid of the functional and divisional structures. It may involve employees reporting to different bosses depending on their current assignment.