Urban fashions corp. has become very successful in the last few years and now employs a large number of people. serena, the owner of the firm, had been very informal in running the company. however, because of the increase in the size of the firm, she now feels that the informal ways of management have become ineffective. in order to structure the behavior of employees, serena wants to introduce written codes of conduct and regulations into the firm. this change being introduced in the company by serena is referred to as?

Formalization

Explanation:

Formalized structure tends to mostly concentrate on the positions and roles instead of the employees in that positions. The formalization is referred to as method of formulating a formalized design and thus include preservation of this structure over the period of time. The formalization of a company structure is mostly introduced in order to justify decision-making method.

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for many centuries there were important factors which the economies of the muslim empires developed increasingly. they applied economic procedures in production, investment, finance, taxation and property. they used to tax certain goods (for example: harvest), they charged interest on money lent, they signed contracts with merchants; they relied on a common currency, and they used checks as well as promissory notes. with the money collected by means of taxation, the government provided the needy with an income. in addition, trading networks covered huge distances, so far regions started to have contact and exchange goods. this trade network covered areas of asia, africa and europe.