The significance of the organizing function mainly arises from the fact that it helps in the survival and growth of an enterprise and equips it to meet various challenges.” In the light of this statement explain any five points highlighted the crucial role that organizing plays in any business enterprise.
Answers
Answer:
Organizing is the process of defining and grouping activities and establishing authority relationships among them.
The organizing function helps in the growth and survival of an enterprise in a dynamic environment by providing the following benefits:
Benefits of Specialization
1-It facilitates the systematic allocation of work. This reduces the workload as well as enhances productivity, as each task is repetitively performed by a worker which helps him to gain experience and attain specialization.
Clarity in Working Relationships
2-The establishment of working relationships clarifies the lines of communication and specifies who is accountable to whom.
Thus, there is no confusion regarding the performance of work, fixation of responsibility and communication.
3-Optimum Utilization of Resources
It leads to proper usage of all materials, financial and human resources by proper assignment of jobs. Assignment of jobs to workers reduces duplication of work, prevents confusion, minimizes wastages and allows the best possible use of resources.
Explanation:
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