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Masters of Business Administration Notes


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Meaning of Organization
There are numerous definitions of th term 'organisation', and many attempts have been made to lay down a standard definition, but none of them has been entirely successful, and there is no present intention of adding to th list. Only two are quoted, as they are simple and give almost a non-controversial description.


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The first is that given by Mr. G.E., Milward-”harmonious interrelation of functions and staff”; secondly, and the one which seems preferable, is that given by Haney- “organisation is a harmonious adjustment of specialised parts for th accomplishment of some common purpose or purposes.” The term implies that something is brought into being in the sens that certain elements are put together in a particular pattern of relationship. The kinds of elements selected an the way in which they are put together define the organisation. For instance, th elements of a manufacturing business include men, materials, machines, buildings, and money, to mention aw few. And when th three factors land, labour and capital are harmoniously combined by the fourth factor-Business Enterprise or Entrepreneurial Ability for th purpose of producing or acquiring wealth we have “Business Organisation”. A business unit, therefore, is “a more or less independent complex of land, labour and capital, organised and directed for productive purpose by Entrepreneurial ability”.

Among th relationships usually defined by the business organisation structure are: (a) ownership of property; (b) participation in income through wage payments and by other means; (c) relation to th general public and the State; (d) duties and responsibilities of individuals to each other in

matters relating to (i) procurement of materials; (ii) procedure in the manufacture of th product; (iii) procedure in merchandising the product; (iv) tenure of employment. Since the enterpriser of the businessman plays a decisive part in the formation of an organisational pattern an its direction, an attempt must be make to clearly understand the nature and scope of his services.

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