Introduction to organization, Purpose, Importance

informative

1. Introduction to
Organizations
Karanjeet Singh Uppal
4-Jan’24

2. Agenda
1. Introduction
2. What is an organization?
(from Multinationals to Non-Profit)
3. Importance of organizations
4. How do organizations create value?
5. Application & Wrap-Up

3. -Introduction
-Favourite Organization

5. Sports team: Everyone has their role -Coach, Players, Staff
Purpose: Contribute to winning games ~ everyone works towards success

6. What is an organization (from Multinationals to Non-Profit)
1.Organizations come in various forms, ranging from multinational
corporations to non-profit entities.
2.Serve as tools that people use to coordinate their actions to
achieve common goals.
3.Exist to satisfy diverse needs, whether it's the production of
goods and services by corporations like FedEx Kinko’s or the
provision of social services by non-profit organizations.
4.Grouping people & resources to fulfill specific needs, with new
organizations emerging in response to evolving technologies and
societal demands.

7. Organization: Group of people working together towards a common goal.
MNCs →small family-owned businesses →non-profit organizations →governmental agencies

8. Analyze: Local business or a well-known brand you are familiar with.
Think what you understand about their structure, goals, and impact.

9. GD: Each group to choose any 1 organization
Present: Org., key aspects –purpose, goals, structure, impact on society

10. Agenda
1. Introduction
2. What is an organization?
(from Multinationals to Non-Profit)
3. Importance of organizations
4. How do organizations create value?
5. Application & Wrap-Up

13. Importance of organizations
1.Play a vital role in navigating uncertain and dynamic environments.
2.Managers within these entities must address challenges & find
solutions for organizations to survive, thrive, and perform effectively.
3.Significance of organizations lies in their ability to create value by
leveraging economies of scale, scope, and technology.
4.Provide a structure for specialization and the division of labor, enabling
individuals to enhance their skills and efficiency.
5.Serve as powerful entities to manage external environments,
economize on transaction costs, & exert control, ensuring cohesive
efforts toward common objectives.

14. Engines driving the
world
Create jobs → Innovative products/services → Economy → Social Change

15. ISRO: Launches satellites, explores space, advances technological capabilities

16. Create products →employment to thousands of people

18. Group Activity: Imagine a world without organizations
Present: How life would be without businesses, schools, hospitals, etc.

19. Agenda
1. Introduction
2. What is an organization?
(from Multinationals to Non-Profit)
3. Importance of organizations
4. How do organizations create value?
5. Application & Wrap-Up

20. How do organizations create value?
1.The creation of value within organizations occurs through a dynamic process
involving inputs, conversion, and outputs. Inputs, such as raw materials,
human resources, and information, are obtained from the environment.
2.The organization then utilizes large-scale technology and human skills to
transform these inputs into valuable outputs, such as goods and services.
3.This value creation is influenced by the organization's environment, which
includes factors like customers, suppliers, competitors, and government
regulations.
4.Organizations continuously adapt to changes, innovate, and manage their
environments to sustain value creation over time, exemplified by companies
like Amazon.com, whose success stems from leveraging new information
technologies.

21. Your favourite brand? Why?
Skills, ideas, and resources; research what people want, design and sell

22. Value: Inputs →Outputs
1. Inputs:Resources -raw materials,
machinery, information, knowledge,
human resources, money, and capital
2. Applyappropriate production & and
transformation processes
3. Producefinished goods and services
4. Value creation:central to business,
leaders understand how to define &
create value for their firms

23. McDonalds Example

24. Contoso business plan 24

25. Contoso business plan 25

26. Additional Readings: Chapter 1 of both books

27. Reference Materials

28. Book Reading
1.Pg. 23-29; Jones, Gareth, R. (2013). Organizational Theory, Design &
Change. 7th Edition, Pearson (Chapter 1)
1. What is an organization (from Multinationals to Non-Profit)
2. Importance of organizations
3. How do organizations create value
Topics Covered (from module plan)

29. Summary
QnA