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Explain steps involved in Organisation Design.
The steps involved are:-
(i) Formulate and understand the objectives and goals of the organisation and the nature of business to be continued.
(ii) Find out the functions necessary to get the objectives of the organisation.
(iii) Associated functions - for example: Inventory Control, Quality Control and Production Control can be grouped together.
(iv) Observe all the functions and outline the different positions to be filled to take up those functions.
(v) Prepare job descriptions, responsibilities and duties of all positions.
(vi) Fill up all the positions through recruiting appropriate persons either from outside or from in, by upgrading the existing personnel after providing them extensive suitable training.
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What is a ledger account?
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