Importance of company organization class is for the HSC candidates or for the students of classes 11 and 12. This class is a part of HSC (11-12) [ এইচএসসি (১১-১২) ], business organization and management. You can find it as Business Environment, chapter 5, the topic name is ” Importance of company organization “. This class will help you in your upcoming HSC examination.
Importance of company organization
Here are some of the primary reasons that highlight the importance of organization:
Improves administration
A well-defined organizational structure can make it easier to successfully conduct both daily operations and long-term business strategies. With an organizational structure, employees develop a clearer understanding of the interconnected processes that allow the company they work for to function. Improved administration can offer other benefits too, like increased accountability and compliance with governmental regulations.
Provides stability
Implementing an organizational system may improve the team’s or business’s stability. A productive organizational structure can promote open communication channels, a delegation of tasks, collaboration, and strong leadership, all of which might contribute to the overall stability of the company.
Providing a stable work environment may lead to other benefits, too. For example, employees who feel that they work in a stable environment might feel better about their job security, which can lead to higher employee satisfaction and retention rates.
Defines professional relationships
An organization provides a transparent hierarchy for how various employees connect with one another. For example, the organization makes it apparent to each employee whom can they contact for help and to whom they might delegate tasks as needed. This can boost every professional’s ability to not only prioritize tasks or request assistance but also improve their relationships with colleagues.
Supports specializations
An effective organizational structure designates every employee and department with specific tasks and professional fields. Giving employees the ability to specialize in their professional responsibilities can help them perform at their best since they now have the opportunity to take on duties that best fit their interests and skills. Businesses that support their employees in pursuing specializations may receive other benefits too, like improved operational efficiency.
Optimises resources
Internal organization can help companies more effectively allocate and use their resources. A clear organizational structure reduces the chance of employees accidentally duplicating or delaying using various resources, as they understand how to distribute various resources. Resources that businesses may be able to optimize their use of might include:
Financial resources: Financial resources might include budgets for various departments, return on investments (ROI), and investors.
Human resources: One of a company’s best resources is its human resources, meaning its personnel. This might also encompass a business’s vendors, investors, or partners.
Logistical resources: Logistics refers to how companies can develop, produce, ship, or deliver their products or services. Businesses with effective organizations might, for example, have an easier time acquiring raw materials or providing timely services.
Physical resources: Physical resources might include technology devices or systems, office supplies, or data management systems.
Promote a culture of transparency
A culture of transparency refers to a business that’s honest with its employees about factors like its operations, goals, or areas of improvement. Since the organization clearly delegates various responsibilities to different employees, this can help promote a company culture that encourages supervisors to be transparent, when possible, with their supervisees. In a work environment that embodies transparency, employees may feel more valued, which can lead to better engagement and retention rates.
Foster innovation
Having a defined organizational system can improve the creativity of a team or company. When employees have more clearly defined roles, that allows them to hone specific skills related to their position, which can give them the ability to take on additional or more complex tasks. As employees become more proficient at their jobs, they may also develop the capability of thinking creatively about their duties or projects.
Offer the ability to grow
Another key importance of organization is that a business with a well-constructed organizational hierarchy may have more of an ability to grow, scale, or adapt to change. Although it might seem like less organization could be an asset for businesses wanting to evolve, a strong organizational system actually helps companies develop because it gives them a defined structure for which departments can best grow or adapt to the changes.
Additionally, both clear divisions of responsibilities and properly allocated resources can provide company leaders with the flexibility to develop the business further.
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