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This phrase describes a specific organizational structure for a business entity. Here's a breakdown of what it means:
1. Coordinated Federation: This implies that the organization is composed of multiple smaller entities (local companies) that work together in a unified manner. Each local company maintains some level of autonomy but follows a common strategy or goal set by the central authority.
2. Local Companies: These are the smaller, individual business units that operate in specific regions or sectors. They are part of the larger federation.
3. Controlled by a Corporate Team: Despite the local companies having some independence, they are ultimately governed by a central group of executives or managers (the corporate team) who make high-level decisions and ensure that the overall strategy and objectives of the federation are met.
In essence, the organization operates with a balance of local autonomy and centralized control, allowing it to be both responsive to local needs and cohesive in its overall strategy.