organization Archives

Factors Affecting Formation of Departments

Departmentalization (or Departmentation) Departmentalization refers to the formation of departments in a business organization, into small units or departments. For example – the division of an organization into production department, marketing department, finance department, etc. Departmentalization is done based on the nature of the business and at the time of departmentalization, each department is specified […]

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Departmentalization

Business Organization / January 27, 2024 / business, organization / Sadiq Rizvi

Meaning of Departmentalization (Departmentation) Departmentalization refers to the division of a business organization, into small units or departments. For example – the division of an organization into production department, marketing department, finance department, etc. Departmentalization is done based on the nature of the business and at the time of departmentalization, each department is specified clearly

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Committee Organization

Business Organization / April 7, 2023 / business, management, organization / Sadiq Rizvi

Committee Organization A Committee Organization is a type of democratic organization where all the decisions and work are carried out after mutual discussions and majority voting. Similarly, it has a Working Committee which is formed by the heads of different departments of the organization, who put forward the problems of each department in the meetings.

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Line and Staff Organization

Business Organization / April 6, 2023 / business, management, organization / Sadiq Rizvi

Line and Staff Organization This method was developed to remove the defects of the Line Organization and Functional Organization. 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 Organization

Business Organization / April 4, 2023 / Frederick Winslow Taylor, management, organization / Sadiq Rizvi

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

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Line Organization

Business Organization / April 3, 2023 / business, management, organization / Sadiq Rizvi

Line Organization This form of organization has several names like Vertical Organization, Scalar Organization, Military Type Organization, or Departmental Organization. This is the oldest and most popular form of organization. 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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Importance of Organization in Modern Industrial Enterprises

Business Organization / April 2, 2023 / organization / Sadiq Rizvi

Importance of Organization The importance of organization can be easily understood by Andrew Carnegie’s words that the organization is the foundation of business enterprise. Take away our factories, our trade, our avenues of transportation, our, wealth, leave only our organization with us and we shall re-establish ourselves in just few years.

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Principles of an Ideal Organization

Business Organization / April 1, 2023 / business, management, organization / Sadiq Rizvi

Meaning of Organization The term Organization means to put into working order or arrange in a system. It performs the task of arranging in order the various steps involved in the entire process of production. It is that device through which production is maximised at minimum cost. In other words, the task of establishing effective

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Registration of Firms

Business Organization / October 30, 2020 / business, firm, organization, partnership / Sadiq Rizvi

Prior to the year 1932, there was no arrangement for the registration of firms in India. But after the enforcement of the Partnership Act, 1932, provisions for registration of firms were made. But for partnership firms, registration was made voluntary and not compulsory, or registration of the firm is dependent on the will of the

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Duties, Obligations and Liabilities of Partners

Business Organization / October 26, 2020 / business, organization, partnership / Sadiq Rizvi

A partner has unlimited personal liability in a partnership firm. The liabilities of partners are unlimited in all firm contracts. They are jointly and severally liable for all torts committed by one of the partners or by a firm employee within the scope of the partnership’s business.

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