Organizing — Revision Notes
Madhya Pradesh Board · Class 12 · Business Studies
Organizing revision notes for Madhya Pradesh Board Class 12 Business Studies: 4 topics in quick points. Includes Meaning and Process of Organizing.
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Key Topics to Revise
1. Meaning and Process of Organizing
- Organizing is the process that initiates implementation of plans by clarifying jobs and working relationships and effectively deploying resources for attainment of identified and desired results.
- Organizing can also be understood as identifying and grouping work, defining responsibility and authority, and establishing relationships so that people work effectively together.
- The first step in organizing is identification and division of work.
2. Importance of Organizing and Organization Structure
- Organizing is essential for successful implementation of plans.
- It promotes specialisation because workers do similar tasks repeatedly.
- It creates clarity in working relationships by specifying reporting lines.
3. Types of Organization Structure
- The two main types of organization structure are functional structure and divisional structure.
- Functional structure is based on functions.
- Divisional structure is based on product lines and is supported by functions.
4. Formal and Informal Organization
- Formal organisation is deliberately designed by management to accomplish a task.
- It specifies authority, responsibility, and coordination clearly.
- Formal organisation places more emphasis on work than on interpersonal relationships.
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