Understanding Business
11th Edition
ISBN: 9780078023163
Author: William G Nickels, James McHugh, Susan McHugh
Publisher: McGraw-Hill Education
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Question
Chapter 8.1, Problem 8.1AQ
Summary Introduction
To determine: The way in which principle of division of labor and job specialization work under an individual most recent job.
Introduction:
A business is an organization that regularly engages in a specific sort of work for the purpose of earning profit or for nonprofit motives.
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Chapter 11 discusses the various forms of business structures.
Which form do you feel would be the most advantageous? Why?
Which form do you feel would come with the most liabilities? Why?
Would your answers change depending on the number of people and the type of business involved?
Management has the responsibility of taking action to enable a business to operate. Management makes decisions about the direction and actions of the business, and it involves accomplishing goals that are focused on the success of the company by using effective human and other resources, according to the structure it has.
Imagine that you worked in a company that has a bureaucratic structure. Based on this experience, do you think that the company has the best structure for its functions and the number of employees it has? And, according to that structure, do you consider that there are business leaders there? Explain.
Use the video in the 'In-Depth: Types of Company Structures' to guide you in your answer.
Organizing plays a crucial role in achieving efficiency and success in various aspects of life, whether in personal endeavors, businesses, or community initiatives. The process involves systematically arranging elements, resources, or tasks to streamline operations and achieve specific goals. In a professional setting, effective organizing ensures that teams work cohesively, deadlines are met, and resources are utilized optimally. It requires clear communication, strategic planning, and a well-defined structure. Additionally, personal organization skills are essential for managing time, setting priorities, and maintaining a healthy work-life balance. Overall, organizing is a fundamental concept that underlies the
smooth functioning of both individual and collective efforts.
Question: How can individuals enhance their organizational skills to improve productivity in both personal and professional domains?
Chapter 8 Solutions
Understanding Business
Ch. 8.1 - Prob. 8.1AQCh. 8.1 - Prob. 1MEDCh. 8.2 - Prob. 8.2AQCh. 8.2 - Prob. 8.2BQCh. 8.2 - Prob. 1TPCh. 8.2 - Prob. 2TPCh. 8.2 - Prob. 3TPCh. 8.3 - Prob. 8.3AQCh. 8.3 - Prob. 8.3BQCh. 8.3 - Prob. 4TP
Ch. 8.3 - Prob. 5TPCh. 8.3 - Prob. 6TPCh. 8.3 - Prob. 7TPCh. 8.4 - Prob. 8.4AQCh. 8.4 - Prob. 8TPCh. 8.4 - Prob. 9TPCh. 8.4 - Prob. 10TPCh. 8.5 - Prob. 8.5AQCh. 8.6 - Prob. 8.6AQCh. 8.6 - Prob. 8.6BQCh. 8.6 - Prob. 11TPCh. 8.6 - Prob. 12TPCh. 8.6 - Prob. 13TPCh. 8 - Prob. 1CTCh. 8 - Prob. 2CTCh. 8 - Prob. 3CTCh. 8 - Prob. 4CTCh. 8 - Prob. 5CTCh. 8 - Prob. 2DWSCh. 8 - Prob. 3DWSCh. 8 - Prob. 4DWSCh. 8 - Prob. 5DWSCh. 8 - Prob. 1TITCh. 8 - Prob. 2TITCh. 8 - Prob. 3TITCh. 8 - Prob. 1VCCh. 8 - Prob. 2VCCh. 8 - Prob. 3VC
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Similar questions
- What are the four resources that must be merged in order to organize and run a business?arrow_forwardHenry Mintzburg’s five parts of an organization are illustrated and are broken down into their components. Choose a company and analyze it using these five parts. Which three parts are most essential? If your organization had to give up one of these five parts, which one could it survive the longest without and why?arrow_forwardHow do entrepreneurs and startup founders apply organizing principles to build and scale their businesses, and what are the key challenges they face in the process?arrow_forward
- What are the main characteristics, advantages, and disadvantages of this form of business organization?arrow_forwardWhat management, organization, and technology issues would you consider if you wanted to move from a traditional bureaucracy to a flatter organization?arrow_forwardSelect TWO different organizations of your own choice (MUST be a Reputable, Renowned, & Legitimate Organizations). While considering the five basic parts of an organization (Strategic Apex, Techno Structure, Support Staff, Middle Management, & Operating Core) being discussed during lectures, describe the five basic parts of BOTH the organizations. Also, COMPARE and CONTRAST the two organizations in context of the five parts you described and discussed. Try to select the organizations in a same industry so that you can effectively compare the two organizations. To answer effectively, collect concrete information about the organizations and their parts.arrow_forward
- If you started your own company selling iPhone applications, what organizational structure would you create? Why?arrow_forwardYour business employs 600 people. Your products are sold throughout North America, and you design, engineer, produce, and distribute the products in various locations in the U.S. What formal organizational structure(s) do you employ? Why did you use this strategy? What are the pros/cons of this strategy?arrow_forwardI have a client who wants to open a franchise retail operation. I would like to ask the client 8-10 questions that would help the legal team structure the business, form the entity documents, and advise them on employee operations.arrow_forward
- How are the functions of the CRO aligned or connected with the functional responsibilities of the CEO?arrow_forwardYou were hired as a consultant of a hypothetical company, and your task is to review the organizational structure of the company and offer recommendations for possible reorganization. How will you go about doing this project? Answer the question by discussing your reorganization objectives, tasks/activities to be performed as a consultant, and information to be gathered. What organizing principles will you keep in mind as you propose changes to the existing structure? Explain.arrow_forwardDefine the parts of the Business Plan. Executive Summary Company Description (which also contains the mission, vision and objective) Products and Services Market and Competition Marketing and Selling Strategy Operating Plan Organizational Structure Financial Plan Consolidationarrow_forward
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