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Explain what the organizational structure of a company means.

Question:

Explain what the organizational structure of a company means.

Organization

Organization means the social unit of people that is structured and managed to meet a need linked to the external environment. It includes large multinational corporations, nonprofits, etc.

Answer and Explanation:

The company's organizational structure details how certain activities are delegated towards the objectives, and it depends on its size and the way of operations of the company. It defines each team member's job that it fits within the overall system. It eliminates duplication of work and also leads to reducing the conflicts among various employees. The company arranges to perform its staff and jobs to meet the goals and can perform the works.


Learn more about this topic:

OECD (The Organisation for Economic Co-operation & Development): Definition & History
OECD (The Organisation for Economic Co-operation & Development): Definition & History

from

Chapter 7 / Lesson 5
296

Learn about the OECD mission. Explore the history of the Organisation for Economic Co-operation and Development, its founders, member countries, and OECD data.


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