Explain what is meant by Matrix management and support your explanation with a schematic representation -
In simple words, Matrix management is a technique of administering an organization or a fragment of an organization by way of a sequence of dual-reporting alliances instead of a traditional linear management framework. With respect to various other organizational frameworks both supervisors and a staff member as per their tasks, matrix management amalgamates operational as well as the upshot divisions in a dual influence arrangement. In other terms, a matrix arrangement implies to a cross-functional panel which draws together staff members who notify to diverse segments of a corporation to carry out a specific operation. Moving ahead, the word "matrix" is devised from the descriptive outline of a matrix management framework, which resembles a network of functions together with project segments. The graphical demonstration of matrix management has been described below:
The above matrix table stated that both supervisors and the staff members positioned at different levels of the corporation and they are expected to report to their particular superior for work purpose.