Importance or Necessity of Business Organization )
Importance or Necessity of Business Organization: Production-sales, warehousing, transportation, finance, advertising, holidays etc. are the basic functions of business.
Integration and consolidation of these activities is necessary to achieve the desired goal. Organization plays an important role in this regard. In the modern business world, the importance of business organization is immense in the production and distribution system.
The necessity and importance of self-business organization is briefly discussed
1. Organization can be called the backbone of business. By relying on the organization, the business manages all its administrative activities and information activities to achieve the desired goals. Because, all business activities are included through the organization
. 2. Through the process of organization, land, labor, raw materials, machinery, money and methods used in business activities are linked and made productive.
3. Business organization provides unity and harmony among different departments or branches, subdivisions and all employees of the business.
4. In the field of business management, organizations make employees aware of the relationship, which helps in achieving the organizational objectives of the business.
5. Fair use of high-quality workers, machinery, raw materials, technology, etc. can be ensured through organization.
6. Organization helps in increasing efficiency of business by preventing delays, chaos and misunderstandings in any business activity.
7. Through organization, the unity of command and direction is maintained in the business organization. As a result, employees can engage in their own work and perform their work properly.
8. Business organization creates a structure within which the repeated management functions of planning, directing, coordinating and controlling can be successfully carried out.
9. The business entrepreneur continues the production and distribution process by co-ordinating various production agents through organization. This ensures the success of the business.
Functions of Business Organizations (Functions of Business Organizations): All legitimate economic activities for meeting the needs of people belong to business. The main functions of the business are as follows
1. Production 7. Risk taking and insurance
8. Advertising and Promotion
9. Accounting
16. Personnel work
11. Market Research
12. management
2. 3. Business 8 5. Transportation 6. The tasks mentioned in warehousing business are discussed below
1. Production: Production is the primary and main function of business. To make the resources provided by nature suitable for human use is called production. For example, jute from jute, cotton from yarn and yarn from cloth etc. Extraction of natural resources, extraction, refining, processing, construction, reproduction, etc. belong to production activities.
2. Purchase: In order to continue the production of the business or for the purpose of resale to the consuming public, the business organization has to purchase raw materials and various goods from different places in the country and abroad. Such purchases are considered part of the transaction itself.
Integration and consolidation of these activities is necessary to achieve the desired goal. Organization plays an important role in this regard. In the modern business world, the importance of business organization is immense in the production and distribution system.
The necessity and importance of self-business organization is briefly discussed
1. Organization can be called the backbone of business. By relying on the organization, the business manages all its administrative activities and information activities to achieve the desired goals. Because, all business activities are included through the organization
. 2. Through the process of organization, land, labor, raw materials, machinery, money and methods used in business activities are linked and made productive.
3. Business organization provides unity and harmony among different departments or branches, subdivisions and all employees of the business.
4. In the field of business management, organizations make employees aware of the relationship, which helps in achieving the organizational objectives of the business.
5. Fair use of high-quality workers, machinery, raw materials, technology, etc. can be ensured through organization.
6. Organization helps in increasing efficiency of business by preventing delays, chaos and misunderstandings in any business activity.
7. Through organization, the unity of command and direction is maintained in the business organization. As a result, employees can engage in their own work and perform their work properly.
8. Business organization creates a structure within which the repeated management functions of planning, directing, coordinating and controlling can be successfully carried out.
9. The business entrepreneur continues the production and distribution process by co-ordinating various production agents through organization. This ensures the success of the business.
Functions of Business Organizations (Functions of Business Organizations): All legitimate economic activities for meeting the needs of people belong to business. The main functions of the business are as follows
1. Production 7. Risk taking and insurance
8. Advertising and Promotion
9. Accounting
16. Personnel work
11. Market Research
12. management
2. 3. Business 8 5. Transportation 6. The tasks mentioned in warehousing business are discussed below
1. Production: Production is the primary and main function of business. To make the resources provided by nature suitable for human use is called production. For example, jute from jute, cotton from yarn and yarn from cloth etc. Extraction of natural resources, extraction, refining, processing, construction, reproduction, etc. belong to production activities.
2. Purchase: In order to continue the production of the business or for the purpose of resale to the consuming public, the business organization has to purchase raw materials and various goods from different places in the country and abroad. Such purchases are considered part of the transaction itself.
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