Everything you need to know about the importance of organisational structure. Sound organisation is a must for every enterprise not only for its continuity but also for its success. It is the backbone of a management and without it; no management can manage the various operations of an enterprise. It lays the basis for other managerial functions such as planning, [...]
After reading this article you will learn about the advantages and disadvantages of different types of organisation:- 1. Advantages and Disadvantages of Line Organisation 2. Advantages and Disadvantages of Staff Organisation 3. Advantages and Disadvantages of Functional Organisation 4. Advantages and Disadvantages of Committee Organisation. 1. Advantages and Disadvantages of Line Organisation: Advantages of Line Organisation: Following are the advantages [...]
The following points are taken into consideration while selecting a form of business organisation: 1. Easy in Formation 2. Easy in Raising Finance 3. Extent of Liability 4. Flexibility of Operation 5. Stability and Continuity 6. Secrecy 7. Government Regulations 8. Tax Liability 9. Decision-Making Opportunities. Factor # 1. Easy in Formation: The primary consideration in making the choice is [...]