functional organization

functional organization definition - business

functional organization

An organization structured according to specialty. For example, a pension committee may include active members, nonactive members, and independent members. The functional organization includes the manner in which members are elected or appointed, how they are trained, and a description of their duties.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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