Definition: a Functional Organization is a type of organization in which functional departments such as Finance, Marketing and Human Resources are created to deal with such business problems at various levels. The FO uses the principle of specialization based on function or role. |
More on organization types: Contingency Theory, Hierarchical Organization, Non-governmental Organization, Nonprofit Organization, Organization, more on organization types... MBA Brief provides concise yet precise definitions of organizational concepts, management methods, and business models as taught in an MBA program. We keep it short and provide links to high-quality websites where you can learn more about your topic. |
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