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An organizational chart, also called organigram, organogram, or organizational breakdown structure (OBS), is a diagram that shows the structure of an organization and the relationships and relative ranks of its parts and positions/jobs. The term is also used for similar diagrams, for example ones showing the different elements of a field of ...
Choosing a structure for a company is an important decision and must be strategically thought out because it could either aid or harm the making of business. The structure must also be a good fit for the type of activities, goals, and vision of the company. [3] The organizational structure is a reflection of how conveniently business is conducted.
While business giants risk becoming too clumsy to proact (such as), act and react efficiently, [29] a network organization can contract out any business function that can be done better or more cheaply. In essence, these types of network structures' managers spend most of their time coordinating and controlling external relations, usually by ...
Business strategists, consultants, and academics use organigraphs. Around the year 2000, Henry Mintzberg and Ludo Van der Heyden conceived the organigraph. [1] Organigraphs can be created as diagrams or as images which represent the nature of the firm. For example, a computer company's organigraph could be in the form of a computer.
In business, the business owner traditionally occupies the pinnacle of the organization. Most modern large companies lack a single dominant shareholder and for most purposes delegate the collective power of the business owners to a board of directors , which in turn delegates the day-to-day running of the company to a managing director or CEO ...
Franchising is a way for small business owners to benefit from the economies of scale of the big corporation (franchiser). McDonald's and Subway are examples of a franchise. The small business owner can leverage a strong brand name and purchasing power of the larger company while keeping their own investment affordable.
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