Impact of organizational structure on financial result of the company

This paper deals with two main but connected topics. The first topic analyzes the connection and impact of organizational structure on the financial results and profitability of a company. From a theoretical point of view, only the organizational structure is being analyzed, which is just one of the essential elements for an analysis of organizational behavior, besides areas such as organization design, work performance evaluation and reward system, organizational culture and organizational changes. It should also be noted that in the paper, the organizational structure is analyzed only at the organizational level as one of the three possible levels of organizational behavioral analysis. The second topic tries to explain the term traditional culture and heritage, specifically the intangible cultural heritage. It further elaborates on the importance of traditional culture and intangible heritage for each nation living in certain territory. Furthermore, is explains the position of traditional culture and heritage in the world context and the kind of protection they enjoy worldwide. Finally, it analyzes the organizational forms in which the institutionalized attempts of protection and promotion of traditional culture and heritage appear. In the practical part, the paper, analyzes and compares: (i) organizational structure of the studied example of a company dealing with interpretation, safeguarding and promotion of traditional culture and heritage; as well as (ii) financial results of the studied example of the company over the last three financial years. Ultimately, it is suggested that the organizational structure has a notable impact on the financial results of a company, which ultimately leads to profitability and thus to sustainability.