1. Define organizational structure and its importance for running a venture. 2. What are the different types of organizational structure? Explain. 3. What steps need to be taken while designing an...

1. Define organizational structure and its importance for running a venture.

2. What are the different types of organizational structure? Explain.

3. What steps need to be taken while designing an organizational structure?

4. What are the key advantages of flat organizations? Explain.

5. Differentiate between functional, divisional and matrix organizational structures.