Entrep

• Organizational Structure


  A system that outlines how certain activities are directed in order to achieve the goals of an organization
• Organizational Structure


  • Defines how tasks are divided, coordinated & supervised
  • Includes roles, responsibilities, & processes
  • Organized in a way that is most efficient to the company
• Types of Organizational Structure

  • Line organizational chart
  • Line staff organizational chart
  • Functional organizational chart
• Line organizational chart


  • The simplest & oldest form of organizational structure
  • Has a clear authority structure with each person reporting one supervision
  • Creates a direct line of command that flows from the top of the organization ie CEO
• Line staff organizational chart


  • Combines elements of the line organizational structure with specialized staff departments that provide advisory & support functions
  • Staff departments provide expertise & services that support the line departments in achieving their objectives
• Functional organizational chart


  • Groups employers according to their skills & expertise to specialized their specific function, such as marketing or production
  • Leads to operational efficiency within each group but can create silos where departments may not communicate effectively with one another or share information
• Who is an entrepreneur?

  A person who sets up a business taking on financial risks in the hope of making profit.
• What is management?


  Management is the administrator of an organization or business
• What is Leadership?


  Leadership is the art of motivating a group of ppl to act towards achieving a common goal