What do you understand about organistion structure? What are the types of organization structure? Prepare the “organization chart” of your organization / industry.

Organizational structure refers to the hierarchical arrangement of roles, responsibilities, and reporting relationships within an organization. It defines how various activities are directed and coordinated to achieve the organization's goals and objectives. The organizational structure plays a crucial role in determining the flow of communication, decision-making processes, and accountability within an organization.

There are several types of organizational structures, including:

1. Functional Structure: This structure groups employees based on their specific functions or areas of expertise, such as production, marketing, finance, and human resources.

2. Divisional Structure: This structure organizes the company into separate divisions based on products, services, geographical regions, or customer types.

3. Matrix Structure: This structure combines functional and divisional structures, creating a dual chain of command where employees report to both a functional manager and a project or product manager.

4. Flat Structure: This structure has fewer levels of management, promoting ________ ________ _____ ________ __________ _____ _____ ______.
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