Business Structure & Strategy

Question 1

Strategy

Answer 1

A long-term plan of action designed to achieve a particular goal

Question 2

Delayering

Answer 2

Reducing levels of management to improve efficiency and decision-making.

Question 3

Management structure

Answer 3

The framework that defines roles, responsibilities, and hierarchy in a business.

Question 4

Chain of command

Answer 4

The vertical line of authority that passes commands down through the levels of management