Business organization refers to collaboration/cooperation of certain group of people in
an organization that works together to achieve business objectives.(Jeff,2011) Business Organization is based Hierarchical structure that consists of CEO, General Managers, Managers, and Entrepreneurs. CEO:- CEO is head of organization responsible for strategic decision making at organization. General Managers:- General Managers directly reports to CEO and Manage different department . Each General Manager is responsible for different department. GM Operations:- GM Operation is head of Operations at organization and responsible for all business operations at organization GM Human Resource:- GM HR is responsible for Human resource management at organization. GM act as head of department. GM Finance:- GM Finance is head of Finance department. GM Sales and Marketing:- GM Sales and Marketing is head of Sales and marketing department at organization Managers:- Each department at organization is managed by Managers who are responsible for implementation of strategic decision taken by higher management and ensure business operations are conducted efficiently. Entrepreneurs:- Turn different business ideas into reality
Potential legal or ethical issues
Every business can have potential ethical and legal issues that needs to be considers in order to avoid any ethical or legal issues, Potential Ethical and legal issues can be as followes (O.C & Fraedrich, 2009)
Liability Issue:- Liability issues can be source of legal complications for business. Therefore structure of business should be selected considering liability issues as well. Being Limited liability company our organization will be able to avoid potential liability issues . however protection of owner`s assets are not guaranteed in case of any legal issue arise due to management issues in company Taxation Issue:- Being Limited Liability company Tax issues might be potential issue because LC require extra documentation to file its tax return and it should be submitted as corporation or partnership organization that makes taxation issue confusing.
Operating Agreement:-Being LCC organization need to get approved its operation agreement with operating instructions in it.
Legal Issues:- Different states and counties might have different rules and regulations that might affect the business operations.
Business Culture:- Accepted norms, values, behaviour and traditions in business/organization develops the business culture. It is important to influence the development process of business culture from start as once developed organization/business culture is very hard to change. Organizational objectives should be considered in order to develop business culture. (Jan, 2009) Experts has developed different models of business culture that are Control Culture model, Compete Culture model, and Adhocracy culture model. It takes time to develop culture and it evolves over time.
Types of Motivation:-
Motivation is Positive energy that can help business progress further and gain competitive advantage. A motivated employee can work lot better than un motivated employee. Therefore Managers use different type of motivations in order to keep their employees motivated and engaged. (Robert,2010) Different types of motivations includes Monetary Rewards Challenge Fear Appreciation and Recognition Combination of monetary rewards and appreciation/recognition is best suitable strategy for my organization.
Human Resource Management
Human resource management is important function in any organization. Human resource department at organization is responsible for all functions related to human resource management.. Better management of human resource can increase employee retention that may decrease human resource acquisition costs and help organization to gain competitive advantage. (Jeff,2011) The main functions handled by human resource department are Recruitment/Staffing Training and Development Motivation Maintenance
Technology
The reasonable use of technology in businesses is becoming more and more important every day. Technology plays an important role in performing day to day business operations in organization. However it is very important to integrate technology into business functions effectively in order to maximize the benefits of technology. Use of technology for business functions covers all aspects of businesses. CRM (Customer Relationship Management) Software tools at Sales and Marketing department plays very important role in managing relationship with customers and suppliers. Accounts Software helps finance department in managing accounts related activities. Microsoft Dynamics software can be used in Business operations and human resource management. (Pride, Huges & Kapoor, 2011)
Operations and Materials Management
Operations and materials management is key success factor for any business. An Effective control over business operations and materials related function is essential for organization. Operations need delegation of duties and its continuous monitoring. Operation Manager in an organization is responsible for management of operations while material management ensures that required products are available when and where needed. Lack of operations and material management may harm business operations. (Ristau,2010)
Reference:- Jan, P. (2009). Managing organizational culture for effective internal control: From practice to theory. (1st ed.). UK: Springer. Jeff, M. (2011). Introduction to business. (2nd ed.). New York: Thompson/South-Western. O.C, F., & Fraedrich, J. (2009). Business ethics 2009 update: Ethical decision making and cases. (2nd ed.). New York: Cengage Learning,. Pride, W., Huges, R., & Kapoor, J. (2011). Business. (2nd ed.). New York: Cenage Learning Publication. Ristau, R. (2010). 21st century business: Intro to business. (1st ed.). New York: Cenage Learning Publication.