This document discusses organizational structure and its key elements. It defines an organization as a group working towards a common goal. Organizing involves structuring tasks, goals and activities to use resources efficiently to achieve objectives. An organizational structure clarifies roles and responsibilities. There are six elements that define an organizational structure: work specialization, departmentalization, chain of command, span of control, centralization/decentralization, and formulation. The structure impacts effectiveness, efficiency, reduces redundancy, promotes teamwork and communication, and contributes to success or failure. There are four main types of organizational structures: tall, flat, virtual, and boundaryless.