Glossary: Organizational structure

IB Business Management: Glossary: Organizational structure

BureaucracyThe administrative systems within an organization, such as the formal policies and procedures of the business. It includes the formal rules, regulations and procedures of the organization.CentralizationThe situation where decision-making is predominantly made by a very small group of senior managers at the top of the organizational hierarchy.Chain of commandThe formal lines of authority in an organization....


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