Final answer:
After a merger, such as that between Blue Fin and ChrisCraft, the combined entity needs to decide on the division of labor and assignments, which is known as forming an organization.
Step-by-step explanation:
Blue Fin and ChrisCraft, two boat manufacturers that have merged, will now need to decide how work will be divided and who will do what work. Such an arrangement, where there is a determination of the division of labor and assignment of tasks, is referred to as an organization. Following a merger or acquisition, businesses often face the challenge of integrating disparate systems and processes, which can involve restructuring and possibly downsizing to eliminate duplicate roles across the combined entity. This restructuring is a natural consequence of any merger as the two companies strive to create a cohesive and functional organization. Organizations may adopt various structures, such as traditional hierarchies, flat organizations that encourage teamwork and collegiality, or general partnerships that involve shared ownership and responsibilities. When companies merge, they must navigate these organizational structures to integrate successfully. This often involves significant internal changes, adaptation by employees, and can lead to additional work-life balance challenges.