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Premium member Presentation Transcript BUSINESS ORGANISATION : BUSINESS ORGANISATION BUSINESS ORGANIZATION : BUSINESS ORGANIZATION Meaning: “Art of establishing effective coordination, technique of efficient operations, concerned with the study of methods and procedure, purpose of earning profits, covers different functions of business” Objective: Efficiency Division of work Delegation Slide 3: Functions: Production Marketing Finance Personnel Significance: Facilitates administration Ensures specialization Facilitates growth & diversification Slide 4: Social Responsibility: Causes: Public opinions Trade union movement Consumerism Education Public relation Managerial resolutions Rationale: Long term self-interest of business Ensuring law & order Maintenance of free enterprise Creation of society Moral justification Profitable opportunities System interdependence Slide 5: Areas: Utilization & conservation of national resource Promoting the interest of various groups in society To work within the framework of the laws Environmental planning Philosophy of the Country Responsibility Internal: Shareholders Workers External: Consumers Suppliers Government Community Slide 6: PROMOTION OF BUSINESS PROMOTION OF BUSINESS : PROMOTION OF BUSINESS Meaning: “Promotion begins when, an idea is conceived, preliminary & detailed investigation, feasibility of the idea, provision of funds & resources” Entrepreneurial decisions: Choice of form of business Financing preposition Selection of line of business Project report Location of business Size of unit Machines & equipments Labour force Slide 8: Promoters: conceives the business idea Sole Proprietorship: Individual introduces his own capital Absolute freedom Advantages: Ease of formation & dissolution Direct motivation & incentive Quick decision & prompt action Secrecy Flexibility in management Minimum cost of management Slide 9: Disadvantages: Limited capacity of an individual Difficulties of outside finance Unlimited liability Responsibility for decisions Company: Promotion Incorporation or Registration Floatation or Capital Subscription Commencement of Business Slide 10: Advantages: Limited liability Ease in management with a team Better reputation Disadvantages: High regulation formalities Late decisions Partnership: Combination of capital Labour & specialized skill or managerial talent Two or more persons Carry on business jointly Slide 11: Advantages: Facility of formation Scope of individual ability Protection of minority interest Disadvantages: Limited resources Limitation on capital & organizing power Risks of implied authority Lack of public confidence Types: Partnership at will Particular partnership Joint venture Limited partnership Slide 12: Kinds of Partners: Active or working partner Sleeping or dormant partner Nominal partner Partner in profits only Sub-partner Limited partner Partner by estoppels or holding out Rights of Partners: Take part in management Be consulted in business matters Have access to & to inspect & copy any of books of the firm Share profit & losses Entitled to get 6% interest on capital p.a. in any loan to firm To retire To act in emergency Slide 13: Duties of Partners: Must observe good faith towards other partner Indemnify the firm for any loss by his fraud and willful conduct Bound to attend diligently to his duties To hold & use the property of the firm for the purpose of business only Jointly & severally liable for all debts To act within his authority Slide 14: COMPANY COMPANY : COMPANY “Complex form of business organization, permanent existence, limited liabilities, common seal to authorize” Advantages: Large recourses Limited liabilities Continuity of existence Efficient management Transfer of share Democratic set up Slide 16: Disadvantages: Difficult in formation Separation of ownership & management Speculation of share Lack of secrecy Fraudulent management Delay in decision making Classification : On the basis of incorporation: Incorporated Un-incorporated Slide 17: On the basis of liability: Limited liability Unlimited liability Nationality: Indian Foreign On the basis of number of members: Public Private Independence: Independent Holding Subsidiary Slide 18: Ownership: Government Non-Government Co-operative Organization: Limited means Profit not a motive Voluntarily Common interest Features: Voluntary Equal voting rights Democratic management Importance to service motive Sales on cash basis Distribution of dividend Slide 19: Advantages: Open membership Service Motto Cheaper rates Democratic management Low management cost Surplus shared by members Disadvantages: Lack of capital Lack of unity among members Political Interference Slide 20: PUBLIC ENTERPRISE PUBLIC ENTERPRISE : PUBLIC ENTERPRISE “Concern owned & managed by the state or any public authority, social interests, nationalized or socialized industry, government undertaking, known as “Public Sector” Advantages: Growth of key & heavy industries Avoidance of uncertainty Planned progress Greater Better & cheaper products Prevents the concentration of wealth Strengthens the defense measures Helps in distribution of essential goods Slide 22: No exploitation of labour capital or management Preservation of national wealth Disadvantages: Greater Better & cheaper production is a myth Top heavy administration Nepotism and favoritism Delay in decision Importance: Creation of the social basis facilitates balanced economic growth Speed up the pace of industrialization Remove regional economic imbalances Equitable distribution of wealth Slide 23: SIZE OF BUSINESS UNIT SIZE OF BUSINESS UNIT : SIZE OF BUSINESS UNIT Refers to scale of its organization operations Size of Business: Scale of organization depends on nature of business & market Combination of recourses Measures of Size: Net worth Total Assets Employees Power & materials used Value of output Slide 25: Industrial Location: Development of industry at specific place depends on needed means of industry Factors affecting location: Physical Factors: Availability of raw material, Power Climatic conditions Economic Factor: Labour Transport Capital Sale centers Banking Slide 26: Political Factor: Peace & security Government policy Weber’s theory of Location: enunciated by Prof. Alfred Weber of Germany in 1909, causes influence location Primary: Cost of land Building Power labour Transport Secondary: Deviation from transport cost Slide 27: Criticism: Unrealistic approach More selective than deductive Study of only transport and labour Rest factors not included More importance to technical aspects Florence’s theory of Industrial Location: Approach of theory: Localization coefficient Localization multiple Slide 28: Criticism: Incapable of explaining industrial location, No significance of quantity produced No attention toward the local characteristics Difficult to calculate the tendency on the basis of multiples Plant Layout: Plan of installing of plant & machinery Objectives: Best production on minimum cost Maximum utilization of movable & immovable property Providing best services Safety against accidents Slide 29: Factors affecting Plant Layout: Weight of materials & products Form of the machines Checking Prospective needs of the factory Minimum shifting Type of Plant Layout: Line (product) layout, (Process) functional Product process layout Techniques of Plant Layout: Process flow chart Process flow diagram Machine data cards Template Scale model layout Slide 30: Business Combination: Combination of various units for common objects Objects: Reduction in the cost Development of mutual co-operating feeling Large scale production Regulating the market Reasonable return of investment Advantages: Economy & finance Economy in administration Economy in distribution Economy in production Maintaining selling price Slide 31: Advantages: Rise of big business Over capitalization Exploitation of labour Unequal distribution Kinds of Combination: Horizontal Vertical Lateral Circular Diagonal Slide 32: Cause of Combination: Elimination of competition & Price War Economics of large scale business Effects of trade cycles Rise of joint stock companies Technical progress Slide 33: APT Contact Landline No. 4082444 / 2445 / 2453 Mobile No. 9755557307 Website : www.aptinfoservices.com E-mail : firstname.lastname@example.org You do not have the permission to view this presentation. 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