Business Organisation

Learning Outcomes

At the end of this unit the students will be able to

Relationship between objectives, growth and business organisation

• Discuss the appropriateness of a given form of organisation in enabling a business to achieve its objectives
• Recommend suitable forms of business organisation to the owners and management in a given situation

Types of business organisation

• Identify and explain the main features of different forms of business organisation
• Describe the main features of sole traders, partnerships, limited companies, franchises and joint ventures
• Understand the differences between sole traders and partnerships
• Understand the differences between unincorporated businesses and limited companies

Growth of multinational companies

• Identify reasons for the importance and growth of multinational business
• Explain why multinational companies are created
• Understand the potential impact of multinationals on the countries [economies] where they are located by looking at the advantages and disadvantages that they create [e.g. employment, inward technology,repatriation of profits]

Control and responsibility

• Draw, interpret and explain simple organisational charts
• Understanding of the roles, responsibilities and inter-relationship of people within organisations
• Understand the concepts of span of control, hierarchy, chain of command and delegation
• Comment on the central features of organisational structure
• Show analytical awareness of the features of a given chart
• Appreciate that organisational charts change as a business expands

Limited and unlimited liability

• Understand the role and function of entrepreneurship
• Understand the concepts of risk and ownership
• Understand the concept of limited liability
• Internal organisation (organisation structure, hierarchy, span of control)
• Discuss the role of management
• Knowledge of the functions of management
• Understanding of the concepts of ownership and control

Internal and external communication

• Explain the different means of communication
• Understand the concept of communication
• Appreciate the importance of communication within a business
• Understand how communication takes place
• Awareness of the barriers to effective communication
• Knowledge of the barriers to effective communication
• Understanding of why such barriers exist
• Understand how the barriers to communication can be overcome
• Explain how barriers can be overcome
• Comment on the appropriateness of different means of communication
• Understanding of when to use a given method of communication

Internal communication (effective communication and its attainment)

• Understanding of methods of internal and external communication
• Knowledge and understanding of different methods understanding of the difference between internal and external communication
• Understand the need for effective internal communication
• Knowledge of the concept of effective communication
• Understanding of the consequences of a breakdown in effective communications

 

 

 

 

• Revision notes ( 16 Articles )
  

• Interactive Quizzes ( 11 Articles )