Monday, August 10, 2009

BUSINESS FORMS & ORGANIZATIONAL STRUCTURES FOR PROJECTS II

BUSINESS FORMS & ORGANIZATIONAL STRUCTURES FOR PROJECTS II: "After incorporating a company, the next question is what structure? The word structure is a common word. All it means is: framework, collection, arrangement or configuration.
Here it would be used in the context of hierarchy in an organization, a cascade of one to many relationships. It shows how tasks are formally divided, grouped and coordinated. It is an organization chart that shows who reports to whom. At its heart are two things: roles and accountability.
Basically, there are two structures: Process and Product. A combination of both is called Matrix. The latest development is network which is a sort of a joint-venture but linked with internet which itself is a network of networks."

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