COMPANY STRUCTURE Inna Salmash Hierarchical Pyramidal

COMPANY STRUCTURE Inna Salmash

* Hierarchical/ Pyramidal Structure: a system, especially in an organization, in which people are organized into different levels of importance from highest to lowest.

Superior: a person who is higher in rank, importance or position. Subordinate: a person who has a position with less authority or power than somebody else.

Line Authority: Power to give orders from superior to subordinates in a hierarchical or pyramidal structure.

Functional Structure: A structure in an organization, in which people are grouped together into functional or specific departments, each department has its own function.

Matrix Structure: a type of organizational structure in which people with similar skills are pooled for work assignments.

* Departments: A section of a large organization or a company that has its own function.

The most common departments are: v. Production v. Marketing v. Finance v. Human resource v. Information Technology

The production department- department which is responsible for the actual construction and preparation of products to be sold to other businesses or individuals. The role of Human resource department is in charge of recruiting, training, and the dismissal of employees in an organization. Marketing department- a department which is involved in promoting, selling and distributing products or services of its company.

The functions of a finance department typically include planning, organizing, auditing, accounting for and controlling its company's finances. The information technology department of a company would be responsible for storing information, protecting information, processing the information.