business organisation ppt

defination, types,objectives,importance

1. BUSSINESS ORGANISATION

2. WHAT IS BUSINESS ORGANISATION Business organization thus consist of the skilled activities of the businessman with a view to promoting trades, commerce and industry. Business organization is an act of grouping activities into effective co-operation for specific objectives. It is primarily concerned with the creation and distribution of utilities for earning profit. Its reveals that it covers all spheres, of economic functions and it provides a common link between the various factors of the business

3. Definition of business organisation L.H.   Haney , “ Organisation  is a harmonious adjustment of specialised parts for accomplishment of some common purpose or purposes ”. Wheeler “Business organization is a concern , company or enterprise which buys and sells, is owned by one group or groups of persons and is managed under a specific set of operating policies. Dr A.N Agarwala “Business organization is an act of bringing into effective cooperation the available resources for production and distribution of goods with a to earn the profit.

4. OBJECTIVES OF BUSINESS ORGANIZATION

5. Types of business

6. FORMS OF BUSINESS ORGNIZATION

7. COOPERATION Cooperation is a business organization that has a separate legal personality from its owners. Ownership in a stock cooperation is presented by shares of stock. The owners enjoy limited liability but have limited investment in the company’s operations. The board of directors n elected group from the stockholders, controls the activities of the cooperation.

8. Limited liability company

9. Common  Features of Business Organizations 1. Structure An organization is a structure which is used to arm people with specific relations and authority. Within the structure, people work to achieve the desired objectives.   It is the skeleton around which an organization is built. Structure has a formal character.   It is an arrangement and formulated for grouping tasks, jobs, delegating authority, allocating responsibility and accountability, along with the number of persons involved in the managerial hierarchy and at the shop-floor level.   It helps management tasks to be done easily and smoothly through the identification of different tasks, grouping together of similar activities and assigning tasks to individuals.   The allocation, supervision and functions are essentially designed under  organizational structure .   The formal relationship among persons working at different levels, well-defined authority and responsibility and individual actions and interactions are the bases of  the structure of an organization . The structure concentrates on the division of work, specialization, coordination of work, job design, grouping of jobs and work allocation. 

10. 2. Process An organization is an operation within the structure.   It is just like a body structure where the functions of each organ of the body are defined and specifically performed.   An organization like the human body is an ongoing process of structure.   It is a process of managerial function.   It aims at organizing work, arranging people and systems, developing technology, designing communication and providing an organizational climate. The organization is concerned with the organizing process, including the decision of the course of action, division of various activities, assignment of tasks to proper persons, delegation of authority and responsibility, coordination of the various tasks and the decisions of the management. 

11. 3. Relationships The organization sets up certain forms of relationship to enable workers to perform their jobs harmoniously. Relationships are defined and designed as per the needs of the organization. Functional relations are developed to perform the activities of the organization. An established relationship is useful for training and development of human resources. 

12. 4. Authority and Responsibility The  structural relationship  becomes effective with  the allocation of authority and responsibility .   Each cadre is specifically assigned the authority and responsibility for the tasks he has to perform.   Members of the cadre must know the rights and powers to be exercised to perform their duties.   The authority and responsibility is ultimately vested with the top management.   Since the Chief Executive cannot perform all the jobs, he has to decide what part of his work will be entrusted to his subordinates and what part of the job will be retained by him. Organizational structure has well-defined  authority and responsibility , explicit or implicit. 

13. 5. Performance The organization, by its performance, tries to achieve synergistic results, which infers that the whole organization is greater than the sum of its parts. The organizational structure and process are designed to  achieve the goals and objectives through effective performance  which is possible with  human resource development .   Organization development programs maximize work motivations and creativity.    Job enrichment , job enlargement and  job satisfaction  also come under  organizational performance .   Specialization in particular is the core of an organization.   It helps in the  effective performance of the job .   Discipline, unity of command, giving direction, scalar chain  decentralization  and coordination need to be properly exercised to achieve good  job performance  in an organization

14. 6. Behavior of Groups An organization is a composition of people. The success of an organization depends upon the behavior of the people and the group.  Individual groups and structures are the bases of group behavior . Relationships on a person-to-person level and subordinate-to-subordinate as well as with the superior are established in a group.   Formal and informal organization helps in developing proper behavior of a group. Group behavior has given birth to team work which has been accepted as the most effective form of organization.   Team spirit,  team performance , team rewards and team motivation have achieved new dimensions in big organizations in the beginning of the twenty-first century. 

15. Importance of business organisation Business organization are highly important for a country. There organizations have economic as well as social importance. some of the important points highlighting are discussed as follow

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