Define an organization and state why management is essential for any organization - Banking Diploma Education

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Saturday, December 28, 2013

Define an organization and state why management is essential for any organization

Q. Define an organization and state why management is essential for any organization.
Organization: An organization is a social entity that has a collective goal and is linked to an external environment. The word is derived from the Greek word organon, itself derived from the better-known word ergon which means "organ" – a compartment for a particular task. There are a variety of legal types of organizations, including corporations, governments, non-governmental organizations, international organizations, armed forces, charities, not-for-profit corporations, partnerships, cooperatives, and universities. A hybrid organization is a

body that operates in both the public sector and the private sector simultaneously, fulfilling public duties and developing commercial market activities.

In the social sciences, organizations are the object of analysis for a number of disciplines, such as sociology, economics, political science, psychology, management, and organizational communication. The broader analysis of organizations is commonly referred 'to as organizational-structure, organizational studies, organizational behavior, or organization analysis. A number of different perspectives exist, some of which are compatible:

From a process-related perspective, an organization is viewed as an entity is being organized, and the focus is on the organization as a set of tasks or actions.

From a functional perspective, the focus is on how entities like businesses or state authorities are used.

From an institutional perspective, an organization is viewed as a purposeful structure within a social context.

Sociology can be defined as the science of the institutions of modernity; specific institutions serve a function, akin to the individual organs of a coherent body. In the social and political sciences in general, an "organization" may be more loosely understood as the planned, coordinated and purposeful action of human beings working through collective action to reach a common goal or construct a tangible product.

This action is usually framed by formal membership and form (institutional rules). Sociology distinguishes the term organization into planned formal and unplanned informal (i.e. spontaneously formed) organizations. Sociology analyzes organizations in the first line from an institutional perspective. In this sense, organization is a permanent arrangement of elements. These elements and their actions are determined by rules so that a certain task can be fulfilled through a system of coordinated division of labor.

The importance of a good organization and management team: One of the most, important parts of running a successful business is that you have to have a good management team. Not only that but you have to have your business organized in a way that your management team can he roost effective. Making sure of this can be tricky but it has to happen if your business is going to be successful.

The reason that you need to make sure that you have a good organization and management team for your business is that it will keep things running smoothly. It will ensure that everybody knows what they are supposed to be doing and what the goals of the business are. This will keep everyone on the same page and working towards the same goals. Most companies know that they have to have a good management team and organization, the problem is that they don't know how to create it.
Creating the organizational structure of your company should be fairly straightforward. What you need to make sure of is that you have clear lines of both communication and responsibility. Everybody has to know who is responsible for what; this is the only way to ensure that things get done properly. It is also important that information get passed in an efficient manner which is why you need to have a clear line of communication. This has to be a two way street, it can't just be about management telling employees what to do, there has to be a way for employees to bring issues to the attention of management.
There are all kinds of ways that a business can be organized but most of them use a pyramid structure with senior management on to each supervising a group of middle managers and each of these managers leading a group of employees. Of course for larger companies the pyramid will be much larger. This is the way that most companies do things but it can be altered to meet your needs and there are many examples of successful companies that have used different approaches
Creating a good management team can be a bit more of a challenge; there is no doubt that good managers are critical to your business. They are the ones who will make the important decisions so they have to have the experience and the judgment to make good ones. Determining whether they do or not can be a challenge and the truth is that you may find that you do hire managers who are not up to the job. If that is the case you have to get rid of them, bad managers can do an enormous, amount of damage to your business. A bad manager will make bad decisions, will hurt the morale of the employees and your relationship with customers, you can't afford to keep them around.


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