Management structure refers to the way an organization arranges its hierarchy and roles to achieve its goals. It defines how tasks are divided, coordinated, and supervised, ensuring that everyone knows their responsibilities. Common types of management structures include hierarchical, flat, and matrix systems, each with its own advantages and challenges. In a hierarchical structure, there are clear levels of authority, with higher management overseeing lower levels. A flat structure reduces the number of management layers, promoting faster decision-making. The matrix structure combines elements of both, allowing for more flexibility and collaboration across different departments, such as marketing and finance.