Give the meaning of ‘Authority’ as an element of delegation.
Authority refers to the right of an individual to command his subordinates and to take action within the scope of his position. Authority also refers the right to take decision-related to management and tell people what to do and what not to.
State any one advantage of ‘Formal Organisation’.
State any three advantages of formal organization.
A company has been registered under the Companies Act with an authorized share capital of `20,000 crores. Its registered office is situated in Delhi and manufacturing unit in a backward district of Rajasthan. Its marketing department is situated in Bhopal.
The company is manufacturing Fast Moving Consumer Goods (FMCG).
(i) Suggest with the help of a diagram a suitable organization structure for the company.
(ii) State any three advantages of this organization structure.
’Organising involves a series of steps in order to achieve the desired goals.” Explain these steps.
