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Essay text:
As a firm grows or go through organisational new structures or takes on a wide variety of new products and markets them often go through some changes.
Small business or own manager or sole proprietorship
These are businesses that are solely managed by the owner who takes on all the roles and responsibilities and bears all the risk within the organisation. This kind of organisation is based on informal organisation structural management. They allow them to have flexibility within the organisation, easier communication.
Formal Structure
Depending on the growth of the business they will need to adopt a more formal structure, managers will be appointed and many different departments will be allocated it being marketing finance sales...
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