Final answer:
An effective organizational structure combines people, technology, and organizational design to utilize resources and achieve goals. Teams are increasingly used to respond to workplace changes. Investment in human capital, technology, and infrastructure aids in creating a converging and efficient economy.
Step-by-step explanation:
The subject in question appears to be a description of an organizational structure that is efficient and effective in utilizing a company's resources to achieve its goals. Current trends in the workplace require organizations to be agile and responsive to rapid changes due to technology, globalization, and changing demographics. One approach to meeting these challenges is to shift away from structures with individuals at their base to one that focuses on work teams. These teams assemble diverse skills, experiences, and expertise to tackle specific tasks or objectives.
Furthermore, for a country's economy to be competitive in the global market, it is important to invest in human capital, technology, and physical infrastructure, thereby creating a converging economy. Efficiency in an organization or an economy means making full use of available resources to produce goods and services that are in demand, in the most effective way possible. Organizations aim to gain an advantage and provide opportunities through strategic use of resources, technology, and people.