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departmentalization |
Topics: Division of labour, Departmentalization, Organization Pages: 7 (1487 words) Published: September 14, 2014 |
DEPARTMENTALIZATION |
Introduction |
1.When two or more people work together to achieve a group result, it is an organization. After the objectives of an organization are established, the functions that must be performed are determined. Personnel requirements are assessed and the physical resources needed to accomplish the objectives determined. These ele... |
3.Departmentalization or departmentalization refers to the process of grouping activities into departments. Departmentalization is the process of breaking down an enterprise into various departments. How jobs are grouped together is called departmentalization. Rationale for Departmentalization |
4.A Department is an organization unit that is headed by a manager who is responsible for its activities. Departmentalization and division of labour are same things. However technically both are different. Both emphasize on the use of the specialized knowledge, but departmentalization has higher management level strate... |
5.Departmentalization subdivides work and workers into separate units responsible for the completion of specific tasks. Grouping related functions into manageable units to achieve the objectives of the enterprise in the most efficient and effective manner is departmentalization. A variety of means can be utilized for t... |
(i)Advantages.Efficiencies from putting together similar specialist and people with common skills, knowledge, and orientations. In-depth specialization. Co-ordination within functional area. (ii)LimitationsPoor communication across... |
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We acted for a clearing bank in connection with the provision of certain receivables, inventory, supply chain and general banking financing facilities to a leading automotive aftermarket parts supplier, including a £15,000,000 confidential invoice discounting and stock line, asset finance term loan, promissory note fac... |
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