Business Organization & Management at Dilbudh Urang Department of Commerce, Haflong Govt. College
Factors influencing social responsibility realization, modernizing facilities, responsibility towards stakeholders, case for & against social obligations of business, nature and scope of management, objectives of management including resource utilization, performance improvement, talent mobilization, and future planning.
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A BRIEF DESCRIPTION ON BUSINESS ORGANISATION & MANAGEMENT DILBUDH DILBUDH URANG DEPARTMENT OF COMMERCE DEPARTMENT OF COMMERCE HAFLONG HAFLONG GOVT. COLLEGE, GOVT. COLLEGE, HAFLONG URANG HAFLONG. .
Factors Responsible for the realisation of Social Responsibility: 1. Market Forces. 2. Government Intervention. 3. Emergence of Professional Managers. 4. Growth of Trade Union. 5. Public Scrutiny. SOCIAL ISSUES FOR BUSINESS No discrimination in employment. Support for educational institutions. Help for charitable causes.
Modernising Facilities. . Controlling use of hazardous products. Responsibility of Business towards Different Interest Groups: Shareholders. Employees. Government. Community. Environment: a. Conservation of natural, b. Pollution Control. Consumers: a. Products, b. Marketing
Case for Social Obligations of Business: 1. Creation of Society. 2. Long-term Interest of Business. 3. Moral Justification. 4. Socio-cultural norms. 5. Useful to Owners Interests. Case against Assuming Social Obligations: 1. Diverting from Business Objective. 2. Increase in Price. 3. Influencing Social Set-up.
4. Lack of Understanding. 5. Lack of Accountability. (to owners only) NATURE AND SCOPE OF MANAGEMENT: Definition of management: Management have defined by various management thinkers as per their line of interest and experience. These may be categorised as below: A. Art of Getting Things Done B. Management as a process
(C) Management as A Discipline (D) Art and Science of Decision-Making and Leadership (E) An Art of Increasing Productivity (F) Integration of Efforts (G) Management As A Group of Managers Nature or characteristics of management: Multidisciplinary Management is a group activity Management is goal-oriented
Management is a factor of production Management is universal in character Management is a social process Management is a system of authority Management is a dynamic function Management is an art as well as a science Management is a profession OBJECTIVES OF MANAGEMENT PROPER UTILISATION OF RESOURCES IMPROVING PERFORMANCE MOBILISING BEST TALENT PLANNING FOR FUTURE Contd
