MANAGEMENT

Detailed explanation-1: -Network organizational structure helps visualize both internal and external relationships between managers and top-level management. They are not only less hierarchical but are also more decentralized and more flexible than other structures.

Detailed explanation-2: -The four types of organizational structures are functional, multi-divisional, flat, and matrix structures. Others include circular, team-based, and network structures.

Detailed explanation-3: -An organogram is a visual representation of an organization’s structures, functions and relationships.

Detailed explanation-4: -A network organizational structure is one in which organizations group certain types of employees together based around a common specialization. These employees then form partnerships with other specialists from throughout the organization to take on new projects and work toward a common goal.

Detailed explanation-5: -A virtual network structure is a type of organization structure formed by outsourcing several organizations to develop products and services. This type of organization structure eliminates departments that are not necessary and outsources specialized works like logistics and technical support.