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BUSINESS: ORGANISING

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L E A R N I N G O B J E C T I V E S Once the plans have been laid down and objectives specified therein, the next step is to organise resources in a manner which leads to the accomplishment of o... bjectives. A After studying this chapter you should be able to: n Explain the concept of organising; n Explain the process of organising; n Describe the importance of organising; n Explain the meaning, advantages and disadvantages of functional organisation; n Explain the meaning, advantages and disadvantages of divisional organisation; n Explain the meaning, advantages and disadvantages of formal and informal organisation; n Distinguish between formal and informal organisation; n Explain the concept of delegation and decentralisation; n Describe the importance of delegation and decentralisation; and n Distinguish between delegation and decentralisation. critical issue in accomplishing the goals specified in the planning process is structuring the work of an organisation to adapt to the dynamic business environment. The activities Rationalised 2023-24 110 Business Studies of an enterprise must be organised in such a manner that plans can be successfully implemented. For planning to be fruitful a number of considerations like resources that will be needed, optimum utilisation of the same translation of work into attainable tasks, empowering the workforce to accomplish these tasks etc., need to be understood and dealt with properly. It is evident from the way Wipro has moved towards reaching for it’s goal of becoming a globally successful technology company, that organising plays a significant role in implementation of plans. What has Wipro done to become a contending force among other global giants? Are there lessons to be learnt from Wipro’s approach? Wipro organised itself in a manner that allowed customer orientation to dominate over other goals and diversified on the basis of product lines. It also modified the relationships within the management hierarchy to suit the goals. The management function of organising ensures that efforts are directed towards the attainment of goals laid down in the planning function in such a manner that resources are used optimally and people are able to work collectively and effectively for a common purpose. Thus, it is in the context of effective management that the organisation function earns due importance. It is a means for translating plans into action. The organising function leads to the creation of an organisational structure which includes the designing of roles to be filled by suitably skilled people and defining the inter relationship between these roles so that ambiguity in performance of duties can be eliminated. Not only is this important for productive cooperation between the personnel but also for clarification of extent of authority, as well as responsibility for results and logical grouping of activities. Meaning Let us take an example to understand how organising takes place. Have you ever paid attention to how, the school fete which you enjoy so much, actually takes place? What goes on behind the scene to make it the desired reality you want? The whole activity is divided into task groups each dealing with a specific area like the food committee, the decoration committee, the ticketing committee and so on. These are under the overall supervision of the official in charge of the event. Coordinating relationships are established among the various groups to enable smooth interaction and clarity about each group’s contribution towards the event. All the above activities are a part of the organising function. Organising essentially implies a process which coordinates human efforts, assembles resources and integrates both into a unified whole Rationalised 2023-24 Organising 111 to be utilised for achieving specified objectives. Organising can be defined as a process that initiates implementation of plans by clarifying jobs and working relationships and effectively deploying resources for attainment of identified and desired results (goals). [Show More]

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BUSINESS AS A WAR [KENNETH ALLARD]/BUSINESS ECONOMICS PAPER 3/BUSINESS: 100% ENTREPRENEURSHIP AND INNOVATION EXAM WITH SOLUTION

BUSINESS AS A WAR [KENNETH ALLARD]/BUSINESS ECONOMICS PAPER 3/BUSINESS: 100% ENTREPRENEURSHIP AND INNOVATION EXAM WITH SOLUTION

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