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Business Organisation

This document discusses the concept of business organization. It defines a business organization as an economic arrangement of people directed towards a common economic goal. Business organizations can be for-profit, focusing on generating profits, or non-profit, focusing on improving social good. The key characteristics of business organizations are adequate capital, flexibility of operations, continuity and stability. When selecting a business organization form, considerations include the nature of business, capital requirements, management style, and government regulations.

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Dr.Sree Lakshmi K
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58 views8 pages

Business Organisation

This document discusses the concept of business organization. It defines a business organization as an economic arrangement of people directed towards a common economic goal. Business organizations can be for-profit, focusing on generating profits, or non-profit, focusing on improving social good. The key characteristics of business organizations are adequate capital, flexibility of operations, continuity and stability. When selecting a business organization form, considerations include the nature of business, capital requirements, management style, and government regulations.

Uploaded by

Dr.Sree Lakshmi K
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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OPEN ELECTIVE

BUSINESS ORGANISATION
UNIT 1
INTRODUCTION TO BUSINESS
SESSION 5
CONCEPT OF BUSINESS ORGANISATION

DR.SREE LAKSHMI K
ASSISTANT PROFESSOR
GOVT.R.C.COLLEGE
BENGALURU
INTRODUCTION TO BUSINESS
ORGANISATION
 for representing any business enterprise or a business firm the
term business organization is used
 the term business organization describes how businesses are structured and how
their structure helps them meet their goals.
 in general, businesses are designed to focus on either generating profit or
improving society. when a business focuses on generating profits, it is known as a
for-profit organization.
 when an organization focuses on improving the social good through the arts,
education, health care, or some other area, it is known as a nonprofit (or not-
for-profit) organization and is not typically referred to as a business.
DEFINITION OF BUSINESS ORGANISATION

GEORGE R TERRY
“BUSINESS ORGANISATION IS AN ECONOMIC
ARRANGEMENT OF PERSONS WHERE ALL EFFORTS
ARE DIRECTED TO ACHIEVE A COMMON
ECONOMIC GOAL”.
CHARACTERISTICS OF BUSINESS
ORGANISATION

ADEQUACY OF • LIMIT OF LIABILITY


CAPITAL • FLEXIBILITY OF OPERATIONS
• BUSINESS SECRECY
FLEXIBILITY OF • MANAGEMENT OF CONTROL AND
OPERATIONS OWNERSHIP
• EASE IN FORMATION
CONTINUITY • TAX CONSIDERATIONS
AND STABILITY
OBJECTIVES OF BUSINESS ORGANISATION
INCREASE MAXIMUM FOCUS ON ESTABLISH CREATE
EFFICIENCY OF PRODUCTION SOCIAL AND WEALTH
BUSINESS AT MINIMUM RESPONSIBILITY MAINTAIN
EXPENSES EMPLOYEE
RELATIONHIP

CO- SATISFY CREATE OPTIMUM PROTECT


ORDINATION CONSUMERS EMPLOYMENT UTILISATION OF INTEREST OF
AMONG OPPORTUNITIES RESOURCES VARIOUS
VARIOUS STAKEHOLDERS
DEPARTMENTS
CRITERIA FOR SELECTING FORM OF BUSINESS
ORGANISATION
Nature of Area of Management liability
the Business operations

Capital Degree of Government Extent of


requirements risk regulations control
Importance of Business organization

Finance Cost reduction


management
Importanc
e
Product growth Distribution
Importance of Business organization

Minimum wage transportation

Importance

Distribution Feedback

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