Explain the Concepts of Formal Structure and Informal Structure

question 67

Essay

Explain the concepts of formal structure and informal structure. Why must a manager understand and work with both the formal structure and the informal structure of an organisation?

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Definitions:

Rewards Drive

The motivation prompted by the anticipation or receipt of rewards, influencing behavior and decision-making.

Extrinsic Motivators

External incentives such as rewards or punishments that encourage a person to perform an activity, regardless of whether the activity is inherently enjoyable.

Money

A medium of exchange, unit of account, and store of value used to facilitate transactions and measure the value of goods and services.

Fame

The state of being widely known and recognized by the public, often due to achievements or notable qualities.