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Matrix Design And Matrix Organization Question1: in Chapter, we find the terms “Matrix Organization” and “Matrix Design.” Discuss the advantages and disadvantages of the matrix design for organizations. A “matrix organization” is a corporation constitution in which the reporting associations are situated as a matrix, or grid, rather than in the conventional hierarchy. In other terms, workers have dual reporting interaction - usually to mutually a product manager and a functional manager. Advantages: • Efficient use of resources can be done using matrix design because equipment and experts can be shared among projects. • Matrix organizational structure provides information exchange efficiently among members of different departments of an organization. This efficient information exchange will improve or enhance productivity and also helpful in fast decision-making. • Projects and products are officially synchronized across working departments. • Information flows together up and across throughout the association. • Workers are in contact with numerous people, which supports the distribution of information and can make fast the decision-making process. • Staff members have to work separately and do several self-managements among their challenging bosses; this can improve decision making and motivation in workers who like it. (Woods) Disadvantages: • Interior Complexity: One disadvantage of matrix design is that it can produce an interior complexity. Because workers might become confused about who is their direct supervisor because they may get dissimilar guidelines regarding the same work from supervisors of dissimilar departments. • Costly to Maintain: It is expensive or costly to maintain the matrix design because of involvement of various departments and communication required among them. • Internal discrepancy: There can be internal discrepancies among the members of the teams because of many reasons such as extra salary, different thinking etc. (Johnson) Question2: In the textbook and in the videos, the author and I make the point that the Management Model (Management Process – planning, organizing, leading, and controlling) is universal. In other words, managers at all levels of all departments in all kinds of organizations use this system. Describe how the manager in a fast food restaurant in north central Kansas uses the “controlling” element of the management model. Controlling: Controlling element of the management model is used to handle the workloads and customer requirements as well as controlling the corporation among the workers of the team. The manager of the fast food restaurant should use some criteria to calculate the workload or orders of customers for their food. And should direct their staff to handle or control the orders it receive. And manager should also control or try to do the fast home delivery of fast food so that customer can be satisfied. Some fast ways to deliver the fast food at home should be emerged by the manger. (Quizlet) Question3: In the chapter, we discussed two similar sounding but very different concepts. Explain what a “Virtual Team” is, and what a “Virtual Organization” is. The phrase virtual organization is used to illustrate a system of self-governing firms that connect mutually, frequently for a short time, to generate a product or service. Virtual organization is frequently connected with such requisites as virtual leadership, virtual office, and virtual team. The vital purpose of the virtual organization is to supply pioneering, high-class services or products instantly in reaction to demands of customer. (VIRTUAL ORGANIZATIONS) Virtual Team: Virtual team is an immense approach to make possible joint effort in circumstances where inhabitants are not sitting in the similar corporal office at the similar time. Virtual teams are used in organizations and other companies to reduce travel, real estate, relocation and other industrial costs. Virtual teams are used by companies to outsource their tasks or operations or to build their presence globally. 

Virtual teams make use of any communication channel for communication such as teleconferencing rather than face-to-face communication. (Virtual team benefits and challenges Question4: Compare and contrast the terms, Entrepreneur, Intrepreneur, and Social Entrepreneur. Tell what these three different types of people do the same as each other, and what they do that is different from each other. Intrapreneurship is Entrepreneurship experienced by natives inside well-known organizations. Entrepreneurship is the procedure of creating importance by bringing mutually an exclusive package of possessions to take advantage of an opportunity. Social Entrepreneurship is the recreation of opportunity exclusive of regard to resources presently prohibited for the welfare of society. (Difference Between Intrepreneur And Entrepreneur?) Question5: in four sentences or less, in your own words, explain the difference between related diversification and unrelated diversification. Include examples. When any industry enhances or expands its present product appearance or markets, it is called related diversification. For example, a telephone company that adds or enlarges its wireless services and products by buying an additional wireless company is appealing in related diversification. When a business adds novel, or unrelated, product appearance or markets, it is known as unrelated diversification. For example, the same telephone company might make a decision to go into the business of television or into the business of radio. It is unrelated diversification: there is no straight fit with the presented business. (Related Diversification or Unrelated Diversification) Works Cited Difference Between Intrepreneur And Entrepreneur? (n.d.). 

Retrieved from www.citehr.com: http://www.citehr.com/8247-difference-between-intrepreneur-entrepreneur.html Johnson, R. (n.d.). Advantages & Disadvantages of Matrix Organizational Structures in Business Organizations. Retrieved from smallbusiness.chron.com: http://smallbusiness.chron.com/advantages-disadvantages-matrix-organizational-structures-business-organizations-26350.html Quizlet. (n.d.). Retrieved from quizlet.com: http://quizlet.com/12001749/mgt-final-flash-cards/ Related Diversification or Unrelated Diversification. (n.d.). Retrieved from www.more-for-small-business.com: http://www.more-for-small-business.com/related-diversification.html VIRTUAL ORGANIZATIONS. (n.d.). Retrieved from www.referenceforbusiness.com: http://www.referenceforbusiness.com/management/Tr-Z/Virtual-Organizations.html Virtual team benefits and challenges. (n.d.). Retrieved from www.time-management-guide.com: http://www.time-management-guide.com/virtual-team.html Woods, C. (n.d.). Matrix Organizational Structure: Advantages, Disadvantages & Examples. Retrieved from study.com: http://study.com/academy/lesson/matrix-organizational-structure-advantages-disadvantages-examples.html