Admin What is a lateral relationship in an organization?
We use the term lateral relations to refer to organisational arrangements in which managers work primarily with other managers at similar levels in a hierarchal sense.
What is a lateral business?
Lateral expansion, in economics, is the growth of a business enterprise through the acquisition of similar companies, in the hope of achieving economies of scale or economies of scope. Unchecked lateral expansion can lead to powerful conglomerates or monopolies.
What are lateral processes?
Lateral processes are an important element of organizational design and the impact of lateral relations strategies increases significantly as the business activities of the organization growth and additional business units are created. In his 1977 book Organizational Design, J.R.
What is a flatter organizational structure?
Flatter organisations are based on fewer layers than traditional hierarchical companies, thereby opening up lines of communication and collaboration. Organisations with this structure are highly dynamic in nature and can be thought of as not having any single constant structure at all.
What is an example of divisional structure?
Divisional. In a divisional structure, people are grouped together based on the product or service they provide, not the work they do. For example, a large corporation such as General Electric has divisions for electronics, transportation, and aviation, each with its own team of accountants, marketers, etc.
How does lateral communication in an organization occur?
Specifically, lateral communication occurs among coworkers, during staff meetings and informational presentations, throughout shift changes, and among employees regardless of peer types. “Communicating effectively laterally involves the exchange of information between and among all organizational members.