An organisational structure is the framework that a company uses to guide operations, prioritise goals, and allocate resources.
There are different types of organisational structure and the type of structure a company chooses should align with its business model and strategy. For example, a start-up that is focused on innovation and agility might choose a flat structure, while a large corporation that prioritises stability and efficiency might choose a hierarchical structure.
Designing an organisational structure is not a one-time event but rather an ongoing process that should be revisited as the company grows and changes.
There are many benefits to having a well-designed organisational structure. A good structure can help an organisation to be more efficient and effective in achieving its goals. It can also help to create clarity and accountability within the organisation, which can lead to better decision-making.
A well-designed organisational structure can also help to foster a positive corporate culture by providing employees with clear expectations and guidelines for their work. Let’s dig more to find its benefits and how it can help to thrive in this ever-changing world.