(i) Organizational Structure
Organizational structure refers to the system of tasks, workflows, reporting relationships, and communication channels that link together the work of an organization.

(ii) Features of Various Modern Organizational Structures

Boundaryless Organization:

1. Lacks traditional hierarchical boundaries.
2. Utilizes teams and technology to operate across different functional boundaries.

Virtual Organization:

1. A network of independent companies or individuals connected through technology.
2. Provides services or products as a single entity despite being geographically dispersed.

Modular Organization:

1. Primarily used in manufacturing industries.
2. Outsources non-core activities while focusing on assembling the final product.

Hollow Organization:

1. Outsources significant business processes while maintaining control over the core functions.
2. Connects various other organizations to perform business activities without being directly involved in manufacturing or distribution.

Network Organization:

1. Involves legally independent entities cooperating for a common goal.
2. More flexible and decentralized, facilitating collaboration among various partners.