Kd(BT): combination of two or more types of organizational structures You can customize it online to reflect your organization. Since the Matrix Organizational Structure has been under criticism over the past few years, there has been a discussion about reinventing organizational structures to make them more agile. A single software solution is used for paying invoices. This is also the need of modern organizations which work past boundaries through its workforce connected across the globe via the Internet. In fact organizations are now moving towards more hybrid structures using more than one organizational design. In essence, a matrix structure is a combination of various organizational structures. Advantages: A Flat structure can be cost-effective, can lead to quick decision making, and can make management efficient in the wake of a small hierarchy. You create an environment where the employees’ motivation to do their best job comes from within them. Worldwide locations, Caterpillar Inc. 012. Master Thesis ICT Time to Digital Converter used in ALL digital PLL Master of Science Thesis In System-on-Chip Design By Chen Yao Stockholm, 08, 2011 Supervisor: Dr. Fredrik Jonsson and. The matrix organizational structure is a combination of two or more different kinds of organizational structures, such as project management or functional management. The Board of Directors is a group of independent non-employee directors that are chosen from outside of the company. For example, caring for your customer, looking after the well-being of your employees and paying attention to detail when working on a project, selling a product or providing a service is essential. Caterpillar announces new organizational structure Construction and mining equipment company Caterpillar Inc. announced that it is aligning its machine product and marketing organizations to sharpen customer focus, position the company to achieve its 2010 and Vision 2020 goals and build deep expertise in product development. This structure is thought to be more flexible and conducive for better communication. yousigma. Spotify’s structure was designed to be agile to better achieve goals. Retrieved from http://www. MNEs with narrow and integrated product lines, such as Caterpillar, usually adopt the functional organizational structure. 0.0230 -0.6964 It’s made up of functional departments and the project teams for temporary purposes. According to the PMBOK Guide, the matrix organization is a combination of the projectized and the functional organization structures.The authority of a functional manager flows vertically downwards, and the influence of the project manager flows sideways.