This structure is the most

complex structure. It uses

teams of employees to
accomplish work by
capitalizing on their strengths
while creating weaknesses
which are of functional form.

The matrix organizational
structure is one in which
functional and staff personnel
are assigned to both a basic
functional area and to a
project or product manager

This structure is a combination of function and product structures. It
combines the best of both worlds to make an efficient organizational
structure
Wal-Mart store inc. the largest retailer and the largest company in
terms of revenue.

Sam Walton ,the founder of Wal-Mart, opened the first Wal-Mart
store in Rogers, Arkansas in 1962.

The company is publicly traded at the New York Stock Exchange
under the symbol WMT and has its headquarters in Bentonville,
Arkansas.

It is currently operating in 15 countries and has 8500 stores under
55different names. The companys winning strategy or mantra for
success is selling branded products at low price with good
service to its customers
Better cooperation across functions

Improved decision making

Increased flexibility

Better customer service

Better performance accountability

Improved strategic management
Two-boss system is susceptible to power struggles.

Team meetings in the matrix are time consuming

Teams may develop Groupitis

Requirements of adding team leaders to a matrix structure can
result in increased costs.