Variety of Organizational Structures

In the context of globalization, the issue of organizational diversity requires special attention. Organizational diversity is one of the components through which companies try to occupy dominant positions I relation to competitors. Organizational diversity implies differences in organizational culture, strategies or structure. In addition, organizational diversity is expressed in such signs as goals, objectives, norms and values. One key issue is the variety of organizational structures. The type of organizational structure a company uses leads to different approaches to decision making. The organizational structure is an important element in the company’s governance system. It Is the structure that determines the company’s management style, the ways of providing information from the lower to the upper levels of management and the form of communicating decisions from the upper to the lower levels. The formation of an organizational structure concerns a number of issues, including the level of formalization, forms of decision-making (centralized/decentralized), the chain of command and the norm of management. Given the diversity of organizational structures, a company is required to develop the right policy through which it will establish an organizational structure tailored to it. The article delas with the essence of organizational structure, the process of its formation and the factors to be considered in this process. The article also discusses different types of organizational structure, the characteristics and features characteristic of each of them.