A matrix organizational structure is a type of company structure where teams report to multiple leaders. In this structure, team members report to a project manager as well as their department head, allowing for clear project objectives, efficient use of resources, and free-flowing information. The matrix structure is more complex than a hierarchical structure, but it has many advantages, including the ability to create new products and services without realigning teams. The unique structure of the matrix organization gives project managers a large amount of responsibility, challenging them and training those who want to advance in their careers.

Some key features of a matrix organizational structure include:

• Dual or multiple managerial accountability and responsibility: This means that there are multiple leaders that team members report to.
• Cross-team effort: A matrix organizational structure brings different roles together and creates a grid-like reporting structure instead of a traditional hierarchy.
• Different management style: A matrix organizational structure requires a different management style, with both functional and divisional management.
• Employees move between projects or teams as needed: In a matrix organizational structure, employees move between projects or teams as needed, allowing for flexibility and adaptability.

Overall, a matrix organizational structure can provide clarity around roles and responsibilities, promote collaboration, and equip employees with a sense of security about where they fit in the big picture.