MNG2601 Chapter 8EXAM QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+||BRAND
NEW!!
Differentiate between the terms 'organising', 'business' and 'business structure'.
Organising - process of creating a structure for a business that will enable its
employees to work effectively towards its vision, mission, goals and objectives.
Business - end-result of the organisation process
Business Structure - basic framework that illustrates the formal relationships
between responsibilities, tasks and people in the business.
Organising is one of the fundamental functions of management. Explain the
reasons for its importance.
• Leads to a structure that indicates clearly who is responsible for what.
• Employees will be expected to account for the outcomes, for that portion of
the work directly under their control.
• It ensures that communication is effective and reaches the relevant people.
• It helps managers to deploy resources meaningfully.
• It enhances the principle of synergy, and the effectiveness and quality of the
work performed.
• The workload can be divided into activities to be performed by an individual or a
group of individuals.
• A variety of tasks, procedures and resources can be grouped systematically.
• The related tasks are grouped together meaningfully in specialised sections so
that respective experts can deal with their specialised tasks.
• A business structure is responsible for creating a mechanism to coordinate the
activities in the entire business.
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+||BRAND
NEW!!
Differentiate between the terms 'organising', 'business' and 'business structure'.
Organising - process of creating a structure for a business that will enable its
employees to work effectively towards its vision, mission, goals and objectives.
Business - end-result of the organisation process
Business Structure - basic framework that illustrates the formal relationships
between responsibilities, tasks and people in the business.
Organising is one of the fundamental functions of management. Explain the
reasons for its importance.
• Leads to a structure that indicates clearly who is responsible for what.
• Employees will be expected to account for the outcomes, for that portion of
the work directly under their control.
• It ensures that communication is effective and reaches the relevant people.
• It helps managers to deploy resources meaningfully.
• It enhances the principle of synergy, and the effectiveness and quality of the
work performed.
• The workload can be divided into activities to be performed by an individual or a
group of individuals.
• A variety of tasks, procedures and resources can be grouped systematically.
• The related tasks are grouped together meaningfully in specialised sections so
that respective experts can deal with their specialised tasks.
• A business structure is responsible for creating a mechanism to coordinate the
activities in the entire business.
