Organizational Structure

    Of the four basic forms of organizational structure discussed in the text, functional, multidivisional, matrix, and network, JP Morgan has somewhat of functional structure and a multidivisional structure combined.  With a functional structure the organization revolves around specific value-chain functions.  Although, "functional structures tend to work best in smaller firms and those with few products or services."  It probably works well for JP Morgan because they started small and grew over the years.
    With a multidivisional structure divisions are organized around geographic markets, products, or groups of related businesses.  They are often self-sufficient, where division heads are responsible for the strategy of a group of businesses or markets.  JP Morgan Chase & Co. owns 5 bank subsidiaries in the U.S.  Their business activities are organized into 6 business segments, one which is investment banking.  The investment banking division is divided by teams:  industry, M&A, and capital markets.
    Operating in more than 60 countries, JP Morgan has also met the challenge of executing globalization strategies.  They have had to adopt one of the four structural forms discussed in the text.  I would say they chose to emphasize local responsiveness where assets and resources are decentralized.  "Control and coordination are managed primarily through the interactions of home-office corporate executives and overseas executives, who are usually home-country managers who've been dispatched to run foreign offices." Whatever structional solution they've used, it has proven to be successful.