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FAQs on DU B.COM BUSINESS ORGANIZATION AND MANAGEMENT 8255 SEM1 2014 PAPER - B Com

1. What is the significance of business organization and management in the field of commerce?
Ans. Business organization and management play a crucial role in the field of commerce. It helps in establishing and running efficient and effective business operations. It involves planning, organizing, leading, and controlling various activities within an organization to achieve the desired goals and objectives.
2. How does business organization and management contribute to the success of a business?
Ans. Business organization and management contribute to the success of a business by providing a structured approach to various business activities. It helps in optimizing resources, improving productivity, ensuring smooth coordination among different departments, and making informed decisions. Effective management ensures the achievement of organizational goals and enhances the overall performance and profitability of the business.
3. What are the key principles of business organization and management?
Ans. The key principles of business organization and management include division of labor, unity of command, scalar chain, span of control, unity of direction, authority, responsibility, discipline, and coordination. These principles provide guidelines for organizing and managing various business activities to achieve efficiency and effectiveness.
4. How does business organization and management impact employee motivation and productivity?
Ans. Business organization and management plays a significant role in employee motivation and productivity. A well-structured organization provides clear roles and responsibilities, opportunities for growth and development, and a supportive work environment, which motivates employees to perform better. Effective management practices, such as setting clear goals, providing feedback, and recognizing and rewarding good performance, also contribute to increased productivity.
5. What are the challenges faced in business organization and management?
Ans. Business organization and management face several challenges, such as managing diverse workforce, adapting to technological advancements, handling organizational change, maintaining work-life balance, and addressing ethical issues. These challenges require managers to develop effective strategies and skills to overcome them and ensure smooth functioning of the organization.
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