A functional—or role-based—structure is one of the most common organizational structures. The second type—the product- or market-based structure—is also hierarchical, vertical and centralized.

Features of a Functional Organization Structure. ... It is a key role of the management team to coordinate with other managers and flow information throughout the organization. For example, ...

Although looking at business organizational chart examples can be overwhelming, ... The third option, called a matrix or cross-functional business organizational chart, ...

As the company grows into a mid-size organization, the financial department organizational structure grows as well, usually evolving into a functional structure. The finance organization of a mid ...