Will a formal management structure lead to a successful outc

Will a formal management structure lead to a successful outcome of a project?

Solution

Formal structure is primarily concerned with the relationship between authority and subordinate. A typical organization chart illustrates the formal structure at work in a company or part of a company. The hierarchical organization begins at the top with the most senior leader and then cascades down to the subordinate managers and then subordinate employees below those managers. There are job titles, financial obligations and clear lines of authority for each box on the organization chart.

If the organization has formal structure than the chances of success are higher because of the following reasons:-

If the company has formal structure than the duties and responsibilities are per defined. Every person will be aware of the work he/she needs to do.

If things are predefined than the chances of confusion related to the work are pretty less. Which will leads to less wastage of time and resources.

In formal organization, things are documented and management will able to know able to know where the issue if things don’t go well in the real working environment without wasting much time.

Formal structure is not giving you the guarantee of success but atleast with formal structure will can be monitored properly and things are much clear between management and subordinates.