Following are the main types of business organisations: A. Private Sector B. Public Sector (State Ownership and Control) C. Joint Sector. A. Private Sector Organisations: 1. Private Companies (Individual Ownership): As the name suggests, such type of business is owned by one man. The businessman invests capital, employs labour and machines. This is the oldest and simplest form of business [...]
After reading this article you will learn about:- 1. Meaning of Departmentalism 2. Methods of Departmentalism 3. Factors. Meaning of Departmentalism: When two or more people contribute their efforts together then an understanding as to "who does what" is necessary. The activities and objectives must be arranged in the form of duties that can be allotted to specific individuals and [...]
Plans can be classified in following categories: 1. Standing or Repeated Use Plans 2. Single-Use Plans 3. Enterprise Plans 4. Time Plans. Type # 1. Standing or Repeated-Use Plans: These plans are used again and again and repetitive in nature. These are formulated by managers at different levels meant for repeated use as and when the situation demands. Such plans [...]