Examlex
A recent development in many companies is to:
Divisional Structure
An organizational layout where the company is divided into semi-autonomous units or divisions, each focused on a specific product line or geographic area.
Multidivisional Structure
A form of organizational structure where a company is divided into semi-autonomous divisions, each with its own set of functional units like marketing and finance.
Matrix Structure
An organizational structure that combines both functional and divisional departmentalization together with dual lines of authority.
Divisional Departmentalization
Organizing a business into divisions, each of which is responsible for its own set of related products, services, or market sectors.
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