After reading this article you will learn about the relationship between environment and business. Environment is closely related with business. There is a constant 'give and take' relationship between environment and business. The business receives inputs, information and technology from the environment and gives it back in the form of outputs (goods and services). If these outputs are accepted by [...]
After reading this article you will learn about:- 1. Meaning of Formal Organisation 2. Features of Formal Organisation 3. Merits 4. Limitations. Meaning of Formal Organisation: Formal organisation is a well-defined structure of authority and responsibility that defines delegation of authority and relationships amongst the organisational members. It works along pre-defined set of policies, plans, procedures, schedules and programmes. Most [...]
This article throws light upon the top three theories of formal organisation. The theories are: 1. Classical Theory 2. Human and Participative Theories 3. Contingency Theory. 1. Classical Theory: It focuses on structure, design and features like specialisation, scalar chain, departmentation, span of control, centralisation/decentralisation etc. The structure is created and people are appointed to run the various departments. Human [...]