Tracie Fashions has become very profitable and now employees 80 persons.Tracie had been very informal in running the company,but now feels she needs to have more rules and regulation of employee behavior.Tracie desires more

Question

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Formalization refers to the process of standardizing procedures and behaviors in an organization. As the company has grown and become more profitable, Tracie may feel the need to implement more structure and rules to ensure consistency and efficiency in the organization. This can help ensure that employees understand their roles and responsibilities, know what is expected of them, and can work effectively together. While creativity, delegation, and decentralization are also important factors in managing a successful organization, they are not directly related to the need for more rules and regulations.

Tracie Fashions Has Become Very Profitable and Now Employees 80