Question
What kind of organizational structure combines a vertical chain of command with horizontal reporting requirements?
Read the following passage and answer the next 3 question (Q20-Q22) An organizational structure is a system that outlines how certain activities are directed in order to achieve the goals of an organization. These activities can include rules, roles, and responsibilities. The organizational structure also determines how information flows between levels within the company. Traditional organizational structures come in four general types – functional, divisional, matrix and flat – but with the rise of the digital marketplace, decentralized, team-based org structures are disrupting old business models. Each organizational structure comes with different advantages and disadvantages and may only work for companies or organizations in certain situations or at certain points in their life cycles. “Poor organizational design and structure results in a bewildering morass of contradictions: confusion within roles, a lack of coordination among functions, failure to share ideas, and slow decision making bring managers unnecessary complexity, stress and conflict,” Ultimately, it’s important to get a group’s organizational structure correct in order for its aims to be successful.
More Banking System in India Questions
- If the intrinsic value of a share is less than the market price, which of the following is most reasonable to assume?
- Marketable securities are primarily:
- What is the time period under which Pre-Packaged Resolution process should be completed from the date of initiation?
- Identify the correct statement with respect to IFSCA (Banking) Regulations 2020?
- What is moratorium period for small and startup firms under Insolvency and Bankruptcy Code 2016?
- Labor efficiency variance is a key performance metric in cost accounting that measures the difference between the actual labor hours worked and the standar...
- Cost or expenses must be recorded at the same time as the revenue to which they correspond is specified by which principle?
- At which level of organisation behaviour does motivation, attitude, etc. affect the organisation behaviour?
- What is the investment limit for Foreign Portfolio Investors (FPI) in government securities (Gsecs) as announced by the RBI for the fiscal year 2024-25?
- Which of the following is considered as a Non-Banking Financial Company (NBFC)?
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt