Overview
Formal organizations play a crucial role in society by bringing people together to achieve common goals. They are characterized by structured hierarchies, defined roles, and established policies that guide their operations. Understanding how these organizations function helps individuals navigate th...
Key Terms
Example: In a company, the CEO is at the top of the hierarchy.
Example: A manager oversees a team and ensures tasks are completed.
Example: Corporate governance involves the board of directors making key decisions.
Example: A company policy may outline employee conduct expectations.
Example: A charity that provides food to the needy.
Example: In a matrix structure, an employee may report to both a project manager and a functional manager.
Related Topics
Key Concepts
structurehierarchyrolesgovernance