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The CEO of a Large Organization Once Commented That Earlier

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The CEO of a large organization once commented that earlier in his career,he displayed his diplomas and awards in his office."Top management would drop by my office and immediately get a sense that I was an expert and a professional," the CEO explained."I believe displaying my credentials helped me get promoted." The diplomas helped this executive gain power:


Definitions:

Functional Structure

An organizational design where employees are divided into departments based on their functions or specializations.

Diverse Product Groups

A variety of product categories or lines that a company offers to cater to different market segments or consumer needs.

Departmentalization

A method of dividing an organization into different departments, which allows greater specialization and efficiency.

Matrix Structures

Describes an organizational structure where employees report to multiple managers, such as a project manager and a functional manager, aiming to improve flexibility and innovation.

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