How many functions in organisation ? Merits and demerits organisation ? Planning process?

Question

Accepted Answer

There are various functions in an organization with their own merits and demerits. Planning process is crucial for success.

Functions in an organization include finance, marketing, human resources, operations, etc.
Merits of organization include efficient use of resources, clear hierarchy, and specialization.
Demerits of organization include bureaucracy, slow decision-making, and lack of flexibility.
Planning process involves setting goals, identifying resources, and creating strategies to achieve objectives.
Effective planning can lead to increased productivity and profitability.
Poor planning can result in missed opportunities and failure to meet goals.

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