Explain the underlying principles of successful businesses.

Explain the underlying principles of successful businesses.
Explain the primary purpose of functional areas of an organization.
Explain how the purpose of functional areas supports the organizational goals.
Describe the type of organizational structure best suited for functional areas.
Competency 5: Communicate in a manner that is scholarly, professional, and consistent with expectations for the field of business.
Organize content so ideas flow logically with smooth transitions.
Organizational structure shapes and defines behavior within an organization, details the lines of authority and accountability, and determines the nature of the organization’s relationship with its external stakeholders. It also maps the grouping of jobs within the organization and provides a transparent understanding of its management hierarchy.