Balanced matrix organization,
Definition of Balanced matrix organization:
A two-dimensional management structure (matrix) in which employees are assigned to two organizational groups; a functional group based on skill sets which has a functional manager (vertical) and a specific project group where employees report to a product manager (horizontal). In a balanced matrix the managers have an equal level of authority with different roles. The project manager defines the skills needed for the project and the functional manager assigns personnel to fill those needs.
Meaning of Balanced matrix organization & Balanced matrix organization Definition