![]() Thus, organization would absent perhaps there would not be any production.įun ctions of organizer (Entrepreneur): The following are the function of organizer.ġ) Initiation: Taking the review of situation and availability of resources organizer initiates a business or production. They lay scattered hence these three needs to he combined and It is the job of organizer. The other factors land is possessed by land owner, capital is possessed by capitalist and labourer is only ready to offer. Therefore whole time devotion of organizer is required for successful business. In view of this the job of organizer becomes very important. Hence proper planning and execution of business is necessary. The organization if done properly the production process will not hamper. A small happening in the country or abroad influences the business. Importance of Organization (Enterprise): Now a day, organization is very important as Production process has become too much complicated one. The man who undertakes all this work is called as organizer or Entrepreneur. Organization implies not only running the business but also shouldering the loss, if any. land, labour and capital together to undertake a business or production process. ![]() Organization (Enterprise): Organization of Enterprises means to plan a business, to start it and run it. Factors of Production – Organization (Enterprise) ![]()
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