ENTREPRENEURSHIP

AND STARTUPS

DipTech Academy
By – Dayanand Diljeet Unit – 4 Management
Syllabus

01 02 03
▪ COMPANY’S ▪ ▪ FINANCIAL
ORGANIZATION RECRUITMENT ORGANIZATION
STRUCTURE. AND AND
MANAGEMENT MANAGEMENT.
OF TALENT.
 Organization
An organization can be
defined as a group of people
who come together to work
towards a common goal or
purpose..

Types of Organization
1. Profitable
organization
2. Non profitable
organization
3. Government
organization
4. International
organization
Company’s
Organization What is Organization structure
Structure

Employees want to understand their job

responsibilities, whom they report to, what
decisions they can and should make and how
they interact with other people and teams
within the company. An organizational
structure creates this framework.
Types of Organization
and their Structure
There are two broad categories of
organization, which are:
1. Formal Organization
2. Informal Organization
Different forms of a
formal organization
structure
1. Functional
2. Line
3. Line and staff
4. Divisional Structure
5. Matrix Structure
6. Pyramidal structure
(Hierarchical structure)
7. Pentagonal Structure (flat
structure)
8. Collegial Structure
(circular structure)
 ❑ Division of labor by Function (Marketing,
Functional Production, Finance)
❑ Division of labor on the basis of Specialization.
Structure ❑ All the worker have specific skills and action
❑ Widely used in origination
Line, line and Staff

Line and Staff Organisation: Line

Line Organisation: Line and staff organisation is an
organisation is the simplest improved version of the line
organisation structure and it also organisation. In line and staff
happens to be the oldest organisation, the functional
organisation structure. It is also specialists are added in line. The
known as Scalar or military or staff is for assisting the line
departmental type of organisation. members in achieving the target
effectively.¯
Divisional
Structure
➢ It is design around
a. Product
b. Clients
c. Territories
• In complex organization it is normal
pattern.
• There may be divisions at the top of
the hierarchy (Marketing division may be
divided in to industrial sales , governmental
sales and consumer sales division)
Matrix Structure
• Combination of functional and product
departmentalization.
• Occurs frequently in construction (e.g. - building
a bridge), in aerospace (e.g. - designing and
launching weather satellite)
• This may be more effective through :
• Define objectives of the project or task
• Clarifying the roles authority responsibilities of
the managers and team members.
• Selection of appropriate manager for leadership
• Undertaking organization and team development.
Matrix Advantages
Structure • Orientation towards end result.
• Maintenance of professional
identification and efficient allocation
of specialists.
• Pin point product-profit
responsibility.

Disadvantages
• Conflict in organizational authority
(due to power struggles).
• Possibility of disunity of command
(due to dual chain of command).
Pyramidal, Pentagonal,
Collegial structure

Hierarchical structure flat structure circular structure

Key elements in
formal
structure
1. Work
Specialization
2. Chain of
command
3. Span of control
4. Centralization and
decentralization
 Work
Specialization
1. It is the division of labor
2. Ensure efficient utilization
of skills worker
3. Early 20th century,
Henery Ford utilized this
concept in ford company.
4. Training is more efficient,
easy and less costly.
Chain of Command

An unbroken line of authority

which extends from the top
to the lowest level.

It Clarifies who reports to

whom.

It Ensures authority,
responsibility and unity of
command.
 Span of Control
▪ It Determines the number
of levels and manager.
▪ No of managers to
total operative level
employees.
▪ Wider span
reduce effectiveness due
Span of four Span of Eight
to lack of leadership and
support.
Centralization
A degree which
decision making is
Top management
concentrated at the
Makes Key Decision.
single point of
organization.

Lower level
Decision making
managers merely
responsibility is
carryout top
moved upward in
management
hierarchy.
directives.
Decentralization

Advantages
• Effective Communication
• Participatory decision
making
Lower level personnel can • Higher employee
provides input and can act productivity
• Higher subordinate
closely with the top substation
management • Quicker response to a
series unrelated problems
• Assists the subordinates
for higher level positions
Recruitment and Management of
Talent
Selection, Recruitment and Training

Personal Selection – Personal selection lies on the boundary of

organization and the external environment. It is related to external
organization.

Matching of individual needs, goals, abilities, interest and aptitude

to organizational requirements.

Traditionally we talk about selection of a candidate is square peg

in square hole and round peg in round hole.
Principles of selection

There are
mainly Commitment -
four
principles Planning
of
selection.
Action
Evaluation
Basic Selection Model

There are two approaches

to this matching processes.
1. The human engineering
approach.
2. The selection model.
 What is talent

Talent Management
A set of processes that allow a
company to increase value
Management provided by their human capital.

Key
Processes Goal alignment
Candidate selection
Performance management
Employee Development
Rewards Delivery
Financial organization and
Management
Financial organization - A middleman between customers and the capital
or debt markets, offering the bank and investing services, is a financial
institution. It is a firm that engages in financial and monetary operations,
including deposits, loans, investments, and currency exchange.
Example - Insurance Companies, Credit Unions, Mortgage
Companies, Investment Banks, Brokerage Firms, Central Banks,
Savings and Loan Associations.
Financial organization and
Management
Insurance Companies - Insurance companies are businesses that offer protection
against potential future losses. They do this by selling insurance policies to
individuals and businesses. The premium that the policyholder pays is used to cover
the company’s costs, including claims playouts and administrative expenses.
Credit Unions - A credit union is a type of financial institution that is owned and
operated by its members. Credit unions offer many of the same services as banks,
but they are typically much smaller. They also tend to be more localised, with most
credit unions serving a specific community or region.
Mortgage Companies - A mortgage company is a financial institution that
specialises in home loans. Mortgage companies help people finance the purchase of
a new home or refinance an existing home loan.
Financial organization and Management
Investment Banks - An investment bank is a financial institution that helps companies
raise capital by issuing and selling securities. Investment banks also help companies
with mergers, acquisitions, and other corporate finance activities.
Brokerage Firms - A brokerage firm is a financial institution that helps clients buy and
sell securities. In the UK, some brokerage firms are regulated by the Financial
Conduct Authority (FCA) and are required to adhere to strict rules and regulations.
Central Banks - The Bank of England is the central bank of the United Kingdom and is
responsible for monetary policy in the UK. The Bank of England also regulates
banks and financial institutions in the UK.
Savings and Loan Associations Banks- A savings and loan association is a type of
financial institution that offers savings accounts and loans. In the UK, there are a
few different savings and loan associations that you can choose from. Some of the
benefits of banking with a savings and loan association include access to low-cost
loans, higher interest rates on savings accounts, and personal service.
Financial organization and Management
What is financial management?
Financial management is strategic planning, organising, directing, and
controlling of financial undertakings in an organisation or an institute.
It also includes applying management principles to the financial assets
of an organisation, while also playing an important part in fiscal
management.
• Objectives - Maintaining enough supply of funds for the organisation;
• Ensuring shareholders get good returns on their investment;
• Optimum and efficient utilisation of funds;
• Creating real and safe investment opportunities.
Financial organization and Management
The role of the financial manager
• Calculating the capital required. The financial manager has to
calculate the amount of capital an organisation requires.
• Formation of capital structure. Once the amount of capital has been
estimated, a capital structure needs to be formed.
• Investing the capital. Every organisation or company needs to invest
money in order to raise more capital and gain regular returns.
• Allocation of profits. Once the organisation has a solid net profit, it is
the financial manager’s duty to efficiently allocate it.
• Financial control. Not only does the financial manager have to plan,
organise, and obtain funds, but he/she also has to control and analyse
the company’s finances.
Financial organization and Management
❑ Goal Of Financial Management
• Effective procurement and proper use of finance results in suitable
financial growth. These are some goals that firms should target. It is an
essential component of the financial manager’s job. As a result, the
financial manager must establish the fundamental goals of financial
management. Financial management goals are classified into two
parts:
• Maximising profits
• Maximisation of wealth
Financial organization and Management
Application Of Financial Management
The duties will include the following:
• To find the total amount of funds required for a given period.
• Increasing funds from different sources, both national and international, while
maintaining cost efficiency in mind.
• Investing the funds in each of these long-term and short-term capital necessities.
• Funding the day-to-day operating capital demands.
• Obtaining on the period from debtors as well as paying creditors on period.
• Maintaining funds, treasury functions, and satisfying profit to all stakeholders.
• Paying interest on debts, paying the lenders, and interfacing with capital businesses.
Financial organization and Management
Application Of Financial Management
The duties will include the following:
• To find the total amount of funds required for a given period.
• Increasing funds from different sources, both national and international, while
maintaining cost efficiency in mind.
• Investing the funds in each of these long-term and short-term capital necessities.
• Funding the day-to-day operating capital demands.
• Obtaining on the period from debtors as well as paying creditors on period.
• Maintaining funds, treasury functions, and satisfying profit to all stakeholders.
• Paying interest on debts, paying the lenders, and interfacing with capital businesses.