However, there is a great diversity in corporate forms, as enterprises range from single company to multi-corporate conglomerate.
[2] Choosing a structure for a company is an important decision and must be strategically thought out because it could either aid or harm the making of business.
A matrix structure is probably the most complex of these models, as it is organised around multiple dimensions (e.g. geography and product), typically with more than one supervisor.
Depending on the chain of command, a company's structure could be classified as either vertical or horizontal, as well as centralized or decentralized.
Horizontal or "flat" companies, however, have fewer middle-managers, which implies that high-level managers are more involved in daily tasks and interact with customers and front-line personnel.
Technological developments accelerate these organizational changes as they improve the efficiency of business, causing it to restructure departments, modify position requirements, or add and remove jobs.