organisation

Line and Staff Organisation

Line and Staff Organisation

Line and Staff Organisation This method was developed to remove the defects of the Line Organisation and Functional Organisation. Under this system, the work is divided into independent divisions and responsibility is also divided in a scalar form but a technical specialist is also appointed along with the departmental heads. These specialists only give advice …

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Functional Organisation

Functional Organisation

Functional Organisation The principle of Functional Organisation was developed by F.W. Taylor. He emphasised that under this system one person should be allotted only one job in which he is specialised. This organisation structure is built on the principle that no person can be specialised in all the fields. Thus, each person should be given …

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Line Organisation

Line Organisation

Line Organisation This form of organisation has several names like Vertical Organisation, Scalar Organisation, Military Type Organisation or Departmental Organisation. This is the oldest and most popular form of organisation. It creates a chain of command, which allows the flow of authority downwards, from the top management to the subordinates. In other words, the highest …

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Proprietorship Advantages, Merits and Importance

Meaning of Sole Proprietorship Sole trader-ship (proprietorship) is that form of business organization whose owner is just one person, who is called the sole trader. This person invests capital in the business and is solely responsible for all the profits and losses of the business. The same person is the manager and organizer of the …

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Proprietorship : Definition and Characteristics

Introduction to Sole Proprietorship Sole trader-ship or proprietorship is the oldest form of business in all the countries of the world. Along with the progress of the business, its form has also been changing. But due to its simplicity, quick formation, and easiness, this form is the most popular and in practice in the world. …

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