Chapter 5 | Organising | Business Studies | Class 12 | Part 1

Rajat Arora・2 minutes read

The 100-day commerce masterclass covers business studies and economics, with a focus on organizing, staffing, macroeconomics, money banking, ADAS, and accounts. Organizing in business involves identifying activities, grouping resources, establishing relationships, and leads to improved administration, growth, and development within an organization.

Insights

  • The 100 days commerce masterclass covers a wide range of topics, including business studies, economics, and accounts, with a focus on organizing, staffing, macroeconomics, money banking, and ADAS, providing a comprehensive understanding of key concepts in these fields.
  • Organizing in business studies involves crucial functions such as identifying activities, dividing work, departmentalization, assigning duties, and establishing reporting relationships, leading to benefits like improved administration, personnel growth, and development within an organization, showcasing the importance of organizational structure and its impact on efficiency and growth.

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Recent questions

  • How do you make homemade chocolate chip cookies?

    Combine butter, sugars, eggs, vanilla, flour, chocolate chips, bake.

  • What is the focus of the 100 days commerce masterclass?

    Business studies, economics, accounts, and organization.

  • What does organizing involve in business studies?

    Identifying activities, grouping resources, establishing relationships, and clarity.

  • What are the benefits of organizing in business?

    Specialization, clarity, resource utilization, and adaptation to change.

  • What is the difference between functional and divisional structure in organizations?

    Functional groups by functions, divisional by products, with pros and cons.

Related videos

Summary

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Homemade Chocolate Chip Cookies Recipe

  • Recipe for homemade chocolate chip cookies
  • Ingredients: 1 cup butter, 1 cup white sugar, 1 cup packed brown sugar, 2 eggs, 2 teaspoons vanilla extract, 3 cups all-purpose flour, 1 teaspoon baking soda, 2 teaspoons hot water, 1/2 teaspoon salt, 2 cups semisweet chocolate chips
  • Instructions: Preheat oven to 350 degrees F (175 degrees C). Cream together butter, white sugar, and brown sugar until smooth. Beat in the eggs one at a time, then stir in the vanilla. Dissolve baking soda in hot water, add to batter along with salt. Mix in flour and chocolate chips. Drop by large spoonfuls onto ungreased pans. Bake for about 10 minutes in the preheated oven, or until edges are nicely browned.

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"100 Days Masterclass: Business and Economics Studies"

  • The 100 days commerce masterclass focuses on business studies for two days, covering organizing and staffing.
  • Following this, economics will be the focus for the next two days, including macroeconomics, money banking, and ADAS.
  • The program for the next four days will solely cover economics and business studies.
  • The subsequent days will continue with accounts BST and accounts ECO.
  • Organizing in business studies involves understanding concepts, internalizing NCRT headings, and ensuring conceptual clarity with examples.
  • Planning is the initial function in management, involving deciding in advance what will happen and how.
  • Organizing involves identifying and grouping different activities of an organization, bringing together physical, financial, and human resources.
  • The organizing process includes identification, division of work, departmentalization, assignment of duties, and establishing reporting relationships.
  • Span of management refers to how many subordinates a superior can effectively manage.
  • Specialization, clarity in working relationships, proper resource utilization, and adaptation to change are benefits of organizing.
  • Organizing leads to improved administration, growth, and development of personnel within an organization.
  • Organization structure is a network of job positions with different levels of responsibilities and authority.
  • Functional structure groups activities based on functions, while divisional structure groups them based on products.
  • Functional structure offers specialization, clarity, and efficiency but may lack overall objective focus and coordination.
  • Divisional structure provides operational and product specialization, fast decision-making, accountability, flexibility, and growth but requires more resources and may lead to conflicts and increased costs.
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