Answer:
The correct word for the blank space is: bureaucracy.
Explanation:
Bureaucracy is an organizational structure by which companies set different layers with established functions. The purpose of bureaucracy is to specialize employees in a limited number of tasks and obtain higher proficiency in such a manner. However, bureaucratic institutions tend to have slow processes because the information must flow through many departments with centralized decision-making which in most cases bring unnecessary delays.
By creating teams, this type of organization can put together employees with diverse expertise who can review data faster and take decisions as particular units instead of waiting for an executive to make the final decision.
