matrix

(noun)

A two-dimensional array.

Examples of matrix in the following topics:

  • Matrix Structure

    • The matrix structure is a type of organizational structure in which individuals are grouped via two operational frames.
    • In matrix management, the organization is grouped by any two perspectives the company deems most appropriate.
    • Blurred authority in a matrix structure can result in reduced agility in decision making and conflict resolution.
    • Matrix structures should generally only be used when the operational complexity of the organization demands it.
    • In a matrix structure, the organization is grouped by both product and function.

  • Basic Types of Organizations

    • Matrix organizations are by far the most complex and are more common in large corporations.
    • The matrix structure combines the best parts of both separate structures.
    • Matrix organizations may be further categorized as one of the following types:
    • Balanced/Functional Matrix: A project manager is assigned to oversee the project.
    • Strong/Project Matrix: A project manager is primarily responsible for the project.

  • The Organizational Chart

    • The different types of organization charts include hierarchical, matrix, and flat (also known as horizontal).
    • A matrix organizational chart displays how people with similar skills are pooled together for work assignments.
    • In a matrix structure, the organization is grouped by both product and function.

  • Characteristics of Organizational Structures

    • Types of organizational structures include functional, divisional, matrix, team, network, and horizontal structures.

  • Considering Company Size

    • A matrix structure is used by the largest companies with the highest level of complexity.
    • Larger companies, on the other hand, achieve higher efficiency through functional, bureaucratic, divisional, and matrix structures (depending on the scale, scope, and complexity of operations).

  • Visual Scorecards

    • The visual scorecard does not always have to be in this format; it may appear as a matrix, or a series or matrices that cross-reference issues of strategic importance with objectives or measures within the major perspectives.

  • Combining Internal and External Analyses

    • Here is an example of the SWOT analysis matrix, which arranges strengths, weaknesses, opportunities, and threats.

  • SWOT Analysis

    • The SWOT analysis matrix illustrates where the company's strengths and weaknesses lie relative to factors in the market.

  • Porter's Competitive Strategies

    • He originally ranked each of the three dimensions (level of differentiation, relative product cost, and scope of target market) as either low, medium, or high and juxtaposed them in a three-dimensional matrix.

  • Considering the Organizational Life Cycle

    • In this stage they grow large enough to accommodate functional, divisional, or even matrix structures in order to produce at scale.