Organizational Growth

Horizontal Specialization
Horizontal specialization is an organizational process through which a single management function, such as recruiting, is divided among one or more subordinates. Also known as functional management, horizontal specialization commonly occurs due to an organization's growth requiring additional management coordination and control.
Management
Management involves the combined fields of policy and administration, as well as the people who provide the decisions and supervision necessary to implement the owners' business objectives and achieve stability and growth.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.