We consider a multidivision organization’s choice between a decentralized structure and a centralized one. Each division has its own privateinformation and can fully commit to a communication rule. We consider two types of coordination–standardization and diversification. We show that the...

We analyze a cheap talk model in which an informed sender and an uninformed receiver engage in finite-period communication before the receiver chooses a project. During the communication phase, in each period, the sender sends a cheap talk message and the receiver voluntarily pays money for the...