Explain the Advantages and Disadvantages of a Matrix Structure in Organizations

DEFINITION
In the economic literature no one generally corresponding definition for the concept "Matrix-Organisation" exists. Nevertheless some general principles can be found:
-While in the conventional organisation forms just one criterion is selected and used for the structure on a certain level, it is typical for the matrix organisation that simultaneously and with equal rights two or more structure features are taken into consideration.
-Thereby emerges a "mixed organisation form", which also contains a horizontal responsibility as an addition to the vertical hierarchy. …