Business Organization: Structure, Types, and Departmentation
**TMA 4: Business Organization**
**Business Organization**
Business organization consists in establishing rules and principles to coordinate the available means in order to reach one or more objectives with minimum effort and cost.
**Types of Organization**
**Informal Organization**
This is formed by a group of employees who have relationships based on common interests, hobbies, concerns, etc. For the proper functioning of the organization, it is important that both the company and its human team are
Read MoreSports Culture: Values, Attributes, and Social Impact
Culture, Ideology, Mentality, and Civilization in Sports
Culture: An individual depends largely on their relationship with others. They are part of a group and are conditioned by it (way of thinking, feeling, etc.). All of this, in social science, is culture.
Sports Civilization: The most important cultural productions are the rules of competition and the game (the same everywhere), large stadiums, equipment, clothing regulations, etc. These endure over time for future civilizations.
Ideology: Cultural
Read MoreFinancial Management: Strategies for Business Success
Financial Management: Strategies for Business Success
Financial management is the managerial activity concerned with the planning and controlling of a firm’s financial resources. In other words, it involves acquiring, financing, and managing assets to accomplish the overall goal of a business enterprise.
Objectives of Financial Management
- Create wealth for the business
- Generate cash flow
- Provide an adequate return on investment, considering the risks and resources invested
Elements of Financial Management
- Financial
Employee Motivation and Knowledge Management in the Workplace
Motivation of Workers
For people to conduct activities as planned, the company must address motivating them.
Main Theories on Motivation
A) Maslow’s Hierarchy of Needs
Human needs explain all human behavior. Maslow divided needs into five levels:
- Primary: Those related to survival (eating, drinking, etc.).
- Safety: Avoiding risks from ignorance about the future.
- Social: Integration into the family and groups; feeling accepted and loved.
- Esteem: Appreciation and respect from others; recognition.
- Self-actualization:
Understanding Money Creation, Financial Systems, and Markets
Banks and Money Creation
Banks can accept deposits and grant credits. However, they are also required to keep a portion of these deposits as reserves. Reserves are composed of cash in the bank and deposits of banks in the Central Bank. Banks are required to maintain cash reserves to deal with the withdrawal of deposits by customers. The Central Bank requires this, and it is an instrument for monetary policy. The amount of bank money created depends on the reserve requirement ratio (k): the larger
Read MoreAlpha Phi Alpha Risk Management and Member Responsibilities
Insurance Coverage for Activities and Events
General Org has an insurance policy that covers approved chapter, district, and regional activities/events.
- Districts and chapters must ensure events have insurance coverage.
- Chapters are held responsible for alcohol-related accidents.
- To get insurance coverage, chapters must be in good standing and submit a special event checklist.
- A special event is something that is NOT regularly scheduled.
- All events, including community service events, require a special