← mgmt ch 11 part 1 Export Options Alphabetize Word-Def Delimiter Tab Comma Custom Def-Word Delimiter New Line Semicolon Custom Data Copy and paste the text below. It is read-only. Select All organizational structure specifies the firm's formal reporting relationship, proceduers, controls and authority and decision making processes structural stability provides the capacity the firm requires to consistently and predictalby manage its daily work routines structural flexibility provides the opportunity to explore competitve possbilities and then allocate resources to activities that will shape the competitive advantages the firm will need to be successful in the future organizational controls guid the use of strategy, indicate how to compare actual results with expected resultsk, and suggest corrective actions to take when the difference is unacceptable strategic controls largely subjective criteria intended to verify that the firm is using apporpriate strategies for the conditions in the external environment and the company's competitive advantages financial controls largely objective criteria used to measure the firm's performance against previously established quantitative standards strategy and structure reciprocal relationship between these two. but you're first should define youre second simple structure structure in which the owner manager makes all major decisions and monitors all activities while the staff serves as an extenion of the manager's supervisory authority functional structure consists of a chief executive officer and a limited corporate staff, with functinoal line managers in dominant organizational areas such as production, accounting, marketing, R&D, engineering, and HR multidivisional structure consists of a corporate office and operating divisions, each operating division representing a separate business or profit center in which the top corporate officer delegates responsibilities for day to day operations and business unit strategy to division managers