Organizational structure specifies the firm's formal reporting relationships, procedures, controls, and authority and decision-making processes. What does organizational structure specify?
1) formal reporting relationships, procedures, controls, and authority and decision-making processes.
2) informal reporting relationships, procedures, controls, and authority and decision-making processes.
3) formal value proposition, the markets it will serve, and how the firm will provide value in those markets.
4) control mechanisms, grievance procedures, reporting relationships, procedures, and authority over decision-making processes.
