Main Article Content
Abstract
Traditional management models of organization and creating hierarchical levels reach its limit. In this hyper competitive world modern companies search for the efficient model of organization which would enable them to structure businesses and avoid unnecessary managerial – hierarchical levels and thus reduce costs. Horizontal Business Structure represents one of the alternative ways of organization and creating new organizational structure which would largely help companies to run their business more effectively. Over the past few years, many firms have taken a sledgehammer to the traditional corporate hierarchy. In place of bosses and managers, employees at each companies are expected to self-organize into teams and handle every one. This alternative system of management will be dealt with in this paper, as well as its development, practical application, advantages and disadvantages which such a model has got and its impact on organizational employee’s performance which turns organization to gain cost effective process, efficient time management, and greater transparency for successful conduction of business in the competitive world.