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An organisation can be defined as:
“A social arrangement which pursues collective goals, which controls its own performance, and which is a boundary separating it from its environment.”
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This is, perhaps, a deceptively simple definition. Probably the most important word is ‘social’. Organisations consist of people and we are all social animals. We have to get on with our colleagues; ideally we would like our boss, or at least respect our boss. We have to get on with customers; we have our own ambitions; we have our own motivations.
Early management theory tended to neglect the social side of organisations and management and had a rather cold, militaristic approach. Modern theories have changed this considerably.
Another important aspect of the definition is that of ‘collective goal’s. There has to be an assumption that people within an organisation are ultimately aiming at the same end results, if they are not, then chaos is likely to rule. One of the functions of management is to arrange the business and the people in it so that everyone is pulling in the same direction, and the collective goals are ultimately established.
Types of organisations
You need to be aware of the characteristics of several types of organisation.
Commercial organisations are profit-seeking. They can be sole traders, partnerships,
limited liability partnerships and limited companies. The main advantage of limited
liability partnerships and limited companies is that if the organisation hits hard times
and has to go to liquidation, the owners of the organisation are protected. Creditors
and banks can pursue only the assets which are in the company. Sole traders and
partners, on the other hand, have unlimited liability for all the business’s debts.
The second type of organisation is a not-for-profit organisation. An example of a notfor-
profit organisation could be a charity, such as a charitable hospital. Instead of
producing a profit and loss account, they tend to produce income and expenditure
accounts. Ultimately their income has to exceed their expenditure or they will run out
of money.
Public sector organisations are owned by the state either at a national level or at a
local level. Examples could be the defence department, many health services and
educational systems. In some economies other industries or businesses are also
owned by the state. For example, many national airlines are state-owned.
Non-governmental organisations tend to be not-for-profit organisations but with an
international brief. Many United Nations organisations will fall into this category.
Co-operatives are owned by the people who work in the organisation. Some farmers,
for example, set up co-operatives to market their products more effectively than they
could on their own. Usually they seek some sort of profit, but the ownership is shared
widely amongst the people who are working in the organisation.
How do I get your video lectures
hey admin, please reply 🙂
is it ok for me to print your notes to study instead of studying it on the computer??
Thank You 🙂
Why not? Just download the course notes and print them out.
Thank You
this one is nice way to improve F1
Thank you for the lecture. It’s started me off on the ACCA path today whilst Yuletide is still in the air ! I love using the computer (inc. chatting to folks) rather than sitting with a book on my knees in the living room trying to keep awake after a meal !!
I don’t feel so isolated now, and feel MUCH more motivated. Thanks again OT !
Won’t forget a nice donation if/ when I pass F1
atb r
nice lecture
my friend just passed f1 today with 88%…and he said he only took the help of opentution.com. i totally agree that Opentution is the best site for video lectures. Now i am also finding it very useful. i used to hate theory subjects but with opentution ,everything is made easy… thanks alot to opentutiom.com
Great! Thanks for the feedback.
I’m just trying to get started and though I believe F1 can be passed with just the opentuition notes & lectures, would I be right to assume it is just the case with F1? For F2 and more, you need to enrol into a course, get some tutoring…?
I want to for F1 in january is it possible Thats CBE please advise
You should contact your local ACCA office or a local tuition provider which provides CBE exams
Admin… Can you please answer my question below? Please… Thank you
The lectures and notes should be enough to pass, but it is a good idea to have some question practice. BPP, Kaplan, LSBF etc publish revision kits with practice questions.
i have the BPP revision kit… i hope thats enough for practice… thanks alot 🙂
hi admin… i have been preparing for my exams in december (f1,f2,f3)… i am almost done with f2 and f3… i have only studied the first chapter of f1 as of yet. can you please tell me whether watching these video lectures are sufficient to pass in f1 paper? please do give me a reply. thanks
hi… i have been preparing for my exams in december (f1,f2,f3)… i am almost done with f2 and f3… i have only studied the first chapter of f1 as of yet. can you please tell me whether watching these video lectures are sufficient to pass in f1 paper?
also can you please tell any alternatives to study f1…
Hi, can I find out if the materials are also relevant for 2014? I ahve just started studying for ACCA. Tx.
Its relevant up to end January 2014. Thereafter, there are relatively minor changes to the syllabus, but the main change will be to the exam format:
“F1/FAB is being restructured with effect from February 2014, to introduce longer
style questions. The new examination will consist of two sections. Section A will contain 30 two mark objective questions and 16 one mark objective questions. Section B will contain 6 four mark multi-task questions each of which will examine one of the six main sections of the syllabus.”
See: https://www.accaglobal.com/en/student/acca-qual-student-journey/qual-resource/acca-qualification/f1/pilot-papers.html
from where you can download specimen exams.
Thanks,very useful
Thanks.But I want to know whether the material valid is for December 2013 .
Why are there too many comments before 2012 ?
Hi all of u
I just want to know is those material valid for December 2013 ?
Please advice me…
Thanks alot
yes it is
YES IT IS
yes
Can someone give me another definition of what they understand the matrix structure to be, i some what have it, but i want to hear a different view from what i gathered.