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Lesson Summary

Lesson Summary
Technology can be used to dramatically restructure organizations, and can contribute to the flexibility of an organization.
Modern organizations consist of the formal and the informal organization, both of which are aided by the communication channels made possible by Information Technology.
Factors that affect the structure of a modern organization include uncertainty, specialization and coordination.
Interdependence is a major influence in organizational structure.


Lesson Summary
Flexibility is the ability to adapt to new circumstances, and is greatly beneficial to the modern organization.
Information Technology means that some kinds of business can be conducted at any time, day or night.
A firm must decide on a corporate strategy.
There are generic strategies available, and also some more specific strategies made possible by Information Technology.
Modern organizations can capitalize on Information Technology if they make Information Technology an integral part of their planning process.