In the earlier blog,
we learnt about the objectives of cost accounting and mentioned its relevance
towards decision making. From today’s blog, we would take a small detour to
discuss various aspects of organization theory to really set the context for our
discussion on other topics including finance in the future.
we learnt about the objectives of cost accounting and mentioned its relevance
towards decision making. From today’s blog, we would take a small detour to
discuss various aspects of organization theory to really set the context for our
discussion on other topics including finance in the future.
Before we begin this
journey into understanding organization theory, it would be apt to look at the
definition of organization. So this blog focuses on understanding and defining
the term “organization”.
journey into understanding organization theory, it would be apt to look at the
definition of organization. So this blog focuses on understanding and defining
the term “organization”.
Every day, we
encounter numerous “organization” – the schools, hospitals, Infosys
etc; all these have some characteristic in common. They are all:
encounter numerous “organization” – the schools, hospitals, Infosys
etc; all these have some characteristic in common. They are all:
- Social entities
- Goal Directed
- Are designed as
deliberately structured and coordinated activity systems - Are linked to
external environment
It is common to see
that every organization has policies and procedures that help scale up
operations and grow, however it is people whom we find really driving organizations.
It is their relationship with one another, their interaction that really
enables organizations to attain their goals. It is this that organization
theory deals with.
that every organization has policies and procedures that help scale up
operations and grow, however it is people whom we find really driving organizations.
It is their relationship with one another, their interaction that really
enables organizations to attain their goals. It is this that organization
theory deals with.
We will explore more
about this as we begin discussing this further.
about this as we begin discussing this further.
Read in Kannada:
http://somanagement.blogspot.com/2011/10/blog-post_8909.html
http://somanagement.blogspot.com/2011/10/blog-post_8909.html