BUISENESS MANAGEMENT
BUSINESS STRUCTURE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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There will be a flexible approach to decision making
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More responsibility is given to employees lower down the hierarchy
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Communication is likely to be faster
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More promotion opportunities available for staff
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Detailed explanation-1: -The importance of organizational structures Organizational structures are important because they help businesses implement efficient decision-making processes. By assigning specialized roles to lower-level employees, businesses can make better decisions faster.
Detailed explanation-2: -A hierarchical structure has many layers of management, and businesses with this structure often use a ‘top-down’ approach with a long chain of command . In a hierarchical structure, managers will have a narrow span of control and a relatively small number of subordinates (staff).
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.