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We give an insight into organisational structures, objectives, and policies and guide the students to achieve all the goals set by the course for the analysis of the organisations.
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An organisation created by a legal person provides it with an organisational framework, powers, and liabilities. If the specific organisation is an LLC, for example, it will operate as a different legal person from the owners, therefore no owner will be liable personally to their business creditors for its debt obligations.
The organisation structure normally leads to operational management being performed by company-specific line executives while the board of directors oversees the governance of the entire organisation. Although the LLC offers flexibility in management, the LLC also requires regulatory conformity through annual reports and corporate taxes, which alters the compliance and management of the organisation.
The operational functions within an organisation would contain various departments and activities to help the business achieve its objectives. Some of the fundamental functions are as follows:
An organisational chart can help visually illustrate these elements, showing where you fit in the structure, who you oversee, and your direct reporting line.
Different managers in an organisation have different responsibilities as follows:
Every level serves to ensure that the goals of the organisation are met through strategic direction, coordination, and effective operation.
Economic Factors: Consumer expenditure and expenses are determined through economic development, rate of interest, and unemployment rate
Political and Legal Factors The Government’s policies and regulations as well as political stability create decisions related to operation and compliance requirements.
Social and Cultural Factors Demography, culture, educational level, etc contribute to the quality and behavior of consumers in the workplace
Technological Factors Technology advancement, digitization, and automation require innovation and result in the process of operational activities.
Environmental Factors: Climate change, resource availability, and natural disasters affect the sustainability effort and chain.
Competitive Forces: This is influenced by the intensity of the rivalry among existing firms in an industry, also by the bargaining power of buyers and suppliers, and finally, by the threat of new entrants and substitute products.
A PESTLE analysis is a tool used to evaluate external factors affecting an organisation. It stands for:
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