It is responsible for growth and survival of organization. Essentials for Prosperity of Society - Efficient management leads to better economical production which helps in turn to increase the welfare of people.
Good management makes a difficult task easier by avoiding wastage of scarce resource. It improves standard of living. It increases the profit which is beneficial to business and society will get maximum output at minimum cost by creating employment opportunities which generate income in hands. Organization comes with new products and researches beneficial for society. View All Articles. Similar Articles Under - Management Basics. To Know more, click on About Us. Organisation stimulates creativity.
By providing well-defined areas of work and ensuring delegation of authority, organisation provides sufficient freedom to the managers and encourages their initiative, independent thinking and creativity. By ensuring delegation of authority, two-way communication, co-operation, effective leadership, employee morale and flexibility to adjust to changes in the conditions, a sound organisation facilitates stability of the organisation.
Organisation increases employee satisfaction, ensures better relations between the management and the workers, and thereby reduces employee turnover. Organisation avoids delay and duplication of activities and consequent confusion by ensuring well-defined responsibilities and authority. By providing the framework for holding together the various functions in an orderly pattern, organisation fosters co-ordination.
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Top 10 facts why you need a cover letter? Location of Decision Centers: It determines the location of centers of decision making j in the organization.
Proper Balancing: It helps in creating proper balance and lays emphasizes on coordination of group activities in the organization. Stimulating creativity: An efficient and sound organization structure provides well defined patterns of authority that stimulates creative thinking and initiative among members of the organization. Every organizational member understands his power and utilizes it to perfection to get appreciation in the organization. Encouraging growth: It provides the framework within which an enterprise functions.
If the structure of organization is flexible then it will help in meeting challenges and creating opportunity for growth. It helps in facility growth of the enterprise by increasing its capacity so that increased level of activity can be handled.
Making Use of Technical Improvements: Adaptability to the change in a sound organizational structure and in making maximum use of latest technology. It modifies the existing pattern of authority responsibility relationship in respect to the technological improvements in the organization. Thanks indeed may always put different ideas concerned with leadership in terms of organization structure and with its importance in organization and it's implications in education.
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