Notes from the 100 Days of Trading Masterclass

Introduction

• Today and tomorrow are designated for business studies.
• Today's Topic: Organization
• Tomorrow's Topic: Personnel
• Schedule for the next four days:
  • Economic days will be observed.
  • Key components of macroeconomics (Banking, ADAS) will be covered.

Organization

• Definition:
  • Organization means identifying and grouping tasks.
  • It includes gathering physical, financial, and human resources.

Organization Process

1. Identification and Division of Work:
   • Identify and distribute tasks.
2. Departmentalization:
   • Create different departments.
3. Assignment of Tasks:
   • Assign tasks to each department.
4. Establishment of Reporting Relationships:
   • Establish relationships between higher and lower positions.

Importance of Organization

• Specialization:
  • Specialization can be achieved by distributing tasks.
• Clarity in Work Relationships:
  • Clear task distribution prevents resource wastage.
• Adaptation to Change:
  • Clear task distribution promotes cooperation and harmony.
• Improvement in Administration:
  • Clarity improves management and control.
• Growth Conservation:
  • Task distribution allows focus on other areas.
• Development of Personnel:
  • Task distribution promotes employee development.

Organizational Structure

• Organizational structure means a network of positions.
• Types of Structure:
  1. Functional Structure:
     • Create departments based on tasks.
  2. Divisional Structure:
     • Create departments based on products.

Advantages of Functional Structure

• Specialization and efficiency.
• Accumulation of similar activities.
• Reduction of resource wastage.

Advantages of Divisional Structure

• Product specialization.
• Fast decision-making.
• Increase in accountability.

Main Challenges

• Increase in costs.
• Conflict between departments.
• Need for additional resources.

Conclusion

• In today's session, the definition, importance, process, and significance of structural organization were understood.
• More information will be gathered in the next part.

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Thank you!
See the next part at 8 PM.