This Matrix Organizational Structure is a business structure in which teams report to several leaders. The matrix design promotes open communication among groups and can assist businesses in developing more innovative products and services. Using this structure eliminates the need for teams to realign every time a new project begins. Individuals in a Matrix Organizational Structure collaborate across teams and projects within their Department or function. A project or task team formed to develop a new product, for example, might include engineers and design specialists and those with marketing, financial, personnel, and production expertise. Matrix structures promote cross-team collaboration and resource sharing across projects.