Business Environment
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Introduction:
Tata Group is having more than 100 operating companies in seven different business sectors. They are; * Communication * Information technologies * Engineering materials * Services * Energy * Consumer products & chemicals
TATA Group is operating in more than 80 countries across the globe. TATA steel is one of the top 10 steelmakers and TATA motors are among the top 5 vehicle manufacturers in the world. The major TATA companies are: * TATA STEEL * TATA MOTORS * TATA CONSULTANCY SREVICES * TATA POWER * TATA CHEMICALS * TATA TELESERVICES * TITAN * TAJ HOTELS
Aim: The main aim of this assignment is to provide the necessary understanding of an organization, the objectives and responsibilities of stakeholders and organization and the influence of stakeholders in between business and the local, national and global environments.
Task-1:
1.1. To identify the purposes of different types of organization
To accomplish different goals organizations are set up in specific ways and to achieve these goals structure of an organization can help to its progress. The structure which they use to operate and matching their needs the organization can achieve the higher sales and profits.
There are three main types of organizational structure: * Functional structure * Divisional structure * Matrix structure
Functional structure: To group each portion of the organization according to the purpose the functional structure is set up. There may be marketing department, sales department and a production department in this group. This type of structure is suitable for small business in which each department can rely on the talent and knowledge of its workers and support itself but there is a default in the coordination and communication between departments having separate departments working separately.
Divisional structure: The large companies
Introduction:
Tata Group is having more than 100 operating companies in seven different business sectors. They are; * Communication * Information technologies * Engineering materials * Services * Energy * Consumer products & chemicals
TATA Group is operating in more than 80 countries across the globe. TATA steel is one of the top 10 steelmakers and TATA motors are among the top 5 vehicle manufacturers in the world. The major TATA companies are: * TATA STEEL * TATA MOTORS * TATA CONSULTANCY SREVICES * TATA POWER * TATA CHEMICALS * TATA TELESERVICES * TITAN * TAJ HOTELS
Aim: The main aim of this assignment is to provide the necessary understanding of an organization, the objectives and responsibilities of stakeholders and organization and the influence of stakeholders in between business and the local, national and global environments.
Task-1:
1.1. To identify the purposes of different types of organization
To accomplish different goals organizations are set up in specific ways and to achieve these goals structure of an organization can help to its progress. The structure which they use to operate and matching their needs the organization can achieve the higher sales and profits.
There are three main types of organizational structure: * Functional structure * Divisional structure * Matrix structure
Functional structure: To group each portion of the organization according to the purpose the functional structure is set up. There may be marketing department, sales department and a production department in this group. This type of structure is suitable for small business in which each department can rely on the talent and knowledge of its workers and support itself but there is a default in the coordination and communication between departments having separate departments working separately.
Divisional structure: The large companies
References: http://tutor2u.net/economics/content/topics/fiscalpolicy/fiscal_monetary_comparison.htm http://tutor2u.net/economics/content/topics/fiscalpolicy/fiscal_monetary_comparison.htm http://btechnd.blogspot.com/2009/07/use-range-of-examples-to-illustrate.html http://ec.europa.eu/social/main.jsp?catId=307&langId=en http://btechnd.blogspot.in/2009_06_01_archive.html http://smallbusiness.chron.com/different-types-organizational-structure-723.html http://www.slideshare.net/BusEd/different-types-of-business-organisation http://businesscasestudies.co.uk/business-theory/strategy/types-of-business-organisations.html http://businesscasestudies.co.uk/business-theory/strategy/types-of-businesses.html