Organizational Elements in Fortune $500$ CompaniesThis activity is important because as a manager, elements of your organizations structure will affect how work tasks and decision making are accomplished. One way to understand differences in organizational structures is to evaluate specific elements, including span of control, chain of command, centralization, formalization, and work specialization.The goal of this activity is to demonstrate your knowledge of organizational structure elements by matching each element to a Fortune $500$ company description.Match each element of organizational structure to the correct company description.Formalization Chain of Command Centralization Work Specialization Span of ControlMatch each of the options above to the items below.Mitsubishi Motors knows that complex manufacturing depends on employee expertise. Workers who complete the welding process know what the final product is$,$ but may not know how other processes are completed or what comes next in assembly.No answer Valve famously thrives on employee self$-$management. This contributes to its success as a video game developer with a highly creative environment where there is effectively one layer of management. Employees work on their own projects and can form teams as needed without going through a long line of approvals.No answer When Google planned to increase efficiency and lower costs, the company increased the number of employees each manager was responsible for, but because they were technical experts who could manage themselves, this was a relatively easy shift.No answer With more than $20,000$ locations globally, KFC is famous for allowing franchisees the autonomy to make their own decisions. This occurs because the stores want to adapt to the local market preferences and competition.No answer With approximately $270$ plans and $420$ crop procurement facilitates across the globe, ADM knows that the need for consistent product quality and low costs means standardized rules and procedures are needed.