1.

What are the different organizational structure that can be typically in the Philippines
business structure

The organizational structure of a company is the foundation of its operational procedures and
workflows. It is essential to organizational development since it establishes the position and
function of each employee. The various organizational structures that can commonly be seen in
Philippine business structures are as follows:

Functional structure - A functional structure divides employees into departments based on their
work specialization. Each department has a designated leader who is well-versed in the job
functions of each employee they supervise.

Divisional structure - Employees in a divisional structure are organized around a common

product or geographical location. Divisional organizations have teams that specialize in a
particular market or product line.

Matrix structure - Team members report to multiple managers at the same time in a matrix
organizational structure. Having multiple supervisors allows for greater company interaction and
faster project completion.

Team structure- A team-based organizational structure organizes small groups to deliver a single
product or service. These groups can solve problems and make decisions without the
involvement of third parties.

Network structure - A network structure extends far beyond an organization's internal structure.
It is the act of combining the efforts of two or more organizations in order to deliver a single
product or service. Typically, a network organization will outsource the work to independent
contractors or vendors.

Hierarchical structure - The most common organizational structure type is hierarchical, which
follows a direct chain of command that extends from senior management to general employees
through a variety of executives at the departmental and team levels. The decision-making process
is dominated by the highest-level executive.

Flat organization structure - In a flat organizational structure, there are few middle managers
between employees and top managers. The structure requires less supervision, encourages
employee participation, and boosts workplace trust.

2. What is mission statement? Why is it useful for the firm. Differentiate mission and
Vision.

 A mission statement defines a company's line of business, as well as why it exists or what
purpose it serves. Every company should have a clear statement of purpose that excites
people about what they do and motivates them to join the organization. A mission
statement, which is usually a couple of sentences long, should also define the company's
corporate strategy.
 The distinction between a mission and a vision statement is that a mission statement
outlines everything your company is doing now or in the present to achieve your goal,
whereas a vision statement describes what your company is working toward in the future.