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How to Define a Business Unit
How to Define a Matrix Structure
How to Define a Payback Period
How to Define a Purchase Discount
How to Define a W-2 Form
How to Define an Interest Expense
How to Define an Inventory Turn
How to Define Capital Expenditure
How to Define Cost Plus Profit
How to Define CPI
How to Define Gross Profit
How to Define Gross Profit Percentage
How to Define Inventory Turnover Ratio
How to Define Margins
How to Define Operating Income
How to Define Operating Margins
How to Define Opportunity Costs
How to Define Perpetuity
How to Define PERT
How to Define Retail Margins
How to Define Simple Interest
How to Define Static Budgets
How to Define Strategy Development
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Summary: A matrix structure is the framework used by a business to define the operational management, channels of communication and levels of responsibility for employees. Discover how the matrix structure of a business provides an efficient way of getting things done with information from a certified public accountant in this free video on business terms.
Henry Gutter is a certified public accountant located in El Segundo, Calif. With more than 25 years of experience in finance and accounting, Gutter continues to practice with a diverse...read more
"Let's define a matrix structure. A matrix structure is a framework for the operation of a business depicting its leadership, its operational management and its rank and file employees. It defines the channels of communication and the levels of responsibility within a business. It provides us with the rules shall we say of who talks to who and who makes the decisions above a certain rank. For instance in the military, a private wouldn't go talk to a general, he'd have a path for his communications to talk to his sergeant and his sergeant would talk to the lieutenant and the lieutenant would talk to the colonel and the colonel would talk to the general thus providing an efficient way to get things done within the business."
eHow Article: How to Define a Matrix Structure
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