A Matrix Structure is an organizational framework that combines functional and project-based divisions. In this setup, employees report to both a functional manager and a project manager, allowing for more flexibility and collaboration across different departments. This structure is often used in industries like technology and construction, where teamwork is essential for project success. The main advantage of a matrix structure is improved communication and resource sharing, as it encourages employees to work together on various projects. However, it can also lead to confusion and conflicts in authority, as employees may receive conflicting instructions from their two managers.