What does it take for companies and organizations to be successful?
There are many answers to that question. Some would say it’s having an effective mission; others would say it’s selling a product or service that’s in high demand.
Ultimately, it’s a company’s organizational structure that helps determine success.
An organizational structure is defined as “a system used to define a hierarchy within an organization. It identifies each job, its function and where it reports to within the organization.” A structure is then developed to establish how the organization operates to execute its goals.
There are many types of organizational structures. There’s the more traditional functional structure, the divisional structure, the matrix structure and the flatarchy structure. 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.