Assignment 1: Structures of Business
Scenario: Imagine you are a business consultant and have been hired by a small startup company called Tech Solutions Ltd. The company is currently facing challenges with its organisational structure, and they have asked for your expert advice. In this assignment, you will analyse different types of organisational structures and recommend the most suitable one for Tech Solutions Ltd.
Task 1: Analysis of Organisational Structures
1. Research and explain the following types of organisational structures:
Hierarchic structure
Bureaucratic structure
Matrix structure
Flat structure
2. Compare the advantages and disadvantages of each organisational structure in terms of:
Control
Decision-making
Financing
Borrowing
Liability
Profit-sharing
Taxation
Legal status (e.g., veil of incorporation)
