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Summary Business Studies -Poonam Gandhi (2020-21) - Business management

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This document contains comprehensive and well-structured notes for Class 12 Business Studies based on the latest CBSE curriculum. It includes chapter-wise explanations, such as Planning, Staffing, and other core management concepts, written in simple language for easy understanding and quick revision. The notes highlight key terms, definitions, importance, limitations, and processes, making it ideal for board exam preparation. Designed to help commerce students grasp topics efficiently and perform confidently in exams.

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Institution
Senior / 12th Grade
Course
Business management








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Institution
Senior / 12th grade
Course
Business management
School year
4

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Summarized whole book?
Yes
Uploaded on
June 16, 2025
Number of pages
3
Written in
2024/2025
Type
Summary

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Chapter: Organising (Class 12 Business Studies)



🔑 Meaning of Organising

Organising is the process of identifying and grouping activities, assigning duties, and establishing
authority-responsibility relationships among individuals.



🧩 Steps in the Process of Organising

1. Identification and Division of Work

o Breaking down the total work into smaller activities based on specialization.

2. Departmentalisation

o Grouping similar activities into departments (e.g., HR, Marketing, Production).

3. Assignment of Duties

o Allocating specific tasks to individuals based on skill and responsibility.

4. Establishing Reporting Relationships

o Creating a clear chain of command and hierarchy for smooth coordination.



📚 Importance of Organising

1. Specialisation – Work division leads to skill enhancement.

2. Clarity in Working Relationships – Reduces confusion.

3. Optimum Utilisation of Resources – Avoids duplication.

4. Effective Administration – Establishes coordination and control.

5. Growth and Expansion – Supports new projects and scaling.

6. Adaptability – Organizational flexibility during changes.



🏢 Organisational Structure

Defines how jobs and responsibilities are divided and coordinated.

🧱 Types of Organizational Structures

1. Functional Structure

o Departments formed on the basis of functions (e.g., Sales, Finance).

o ✅ Advantages:

 Specialisation
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