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Overview Definition and Importance of Industrial Organization

Industrial organization is a field of economics that deals with strategic firm behavior, regulatory policy, antitrust policy, and market competition. It applies economic theory of price to industries. The "industrial" refers to any large-scale business activity like tourism or agriculture, not just manufacturing. An organization is a systematic arrangement of people brought together to accomplish a specific purpose, whether for-profit or not-for-profit. Common characteristics of organizations include goals, structure, and people. Management is the process of getting things done effectively and efficiently through other people, and managerial effectiveness and efficiency relate to how well resources are used to achieve organizational goals.

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515 views10 pages

Overview Definition and Importance of Industrial Organization

Industrial organization is a field of economics that deals with strategic firm behavior, regulatory policy, antitrust policy, and market competition. It applies economic theory of price to industries. The "industrial" refers to any large-scale business activity like tourism or agriculture, not just manufacturing. An organization is a systematic arrangement of people brought together to accomplish a specific purpose, whether for-profit or not-for-profit. Common characteristics of organizations include goals, structure, and people. Management is the process of getting things done effectively and efficiently through other people, and managerial effectiveness and efficiency relate to how well resources are used to achieve organizational goals.

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dianatrrdo
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OVERVIEW, DEFINITION AND IMPORTANCE OF

INDUSTRIAL ORGANIZATION
AND MANAGEMENT
INDUSTRIAL ORGANIZATION

Is a field of economics dealing with the strategic behavior of firms,


regulatory policy, antitrust policy and market competition.
Industrial organization applies the economic theory of price to
industries.

The "industrial" in industrial organization refers to any large-


scale business activity, such as tourism or agriculture—not
just manufacturing. Industrial organization is also sometimes
referred to as "industrial economy."
ORGANIZATION

A systematic arrangement of people brought together to


accomplish some specific purpose; applies to all
organizations—for-profit as well as not-for-profit
organizations.
COMMON CHARACTERISTICS

• Goals
• Structure
• People
ORGANIZATIONAL LEVEL
MANAGEMENT

The process of getting


things done, effectively
and efficiently, through
and with other people .
MANAGERIAL EFFECTIVENESS

Where in the team and department leaders in the


organization are able to organize employees to accomplish
the company’s goal. Skills in motivating and dealing with
people are a major part of management effectiveness.
MANAGERIAL EFFICIENCY

Is the proportion of total organization resources that


contribute to productivity during the manufacturing process.
The higher this proportion, the more efficient the manager.
The more resources wasted or used during the production
process, the more efficient the manager.
MANAGEMENT FUNCTIONS

They can be classified as


1) Planning involves defining goals, establishing strategies for achieving those
goals, and developing plans to integrate and coordinate activities.
2) Organizing involves arranging and structuring work to accomplish the
organization’s goals.
3) Leading involves working with and through people to accomplish
organizational goals.
4) Controlling involves monitoring, comparing, and correcting work
performance.
REFERENCE:
https://www.studocu.com/ph/document/de-la-salle-university-dasmarinas/industrial-organization-and-management/iom-mod-
1-and-2-notes-modules-1-2/21313246

https://www.investopedia.com/terms/i/industrial-
organization.asp#:~:text=Industrial%20organization%20is%20an%20analysis,that%20affect%20a%20firm's%20operations.

https://www.worldsupporter.org/en/chapter/40838-summary-industrial-organization-context-martin

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