Post 8 -by Gautam Shah
Essentials of Business Organizations : Business organizations are constituted within a legal and taxation framework of the nation. This allows enforcement of work standards, labour regulations, registration and dispute redressal (arbitration).
Business organizations, when wish to operate in other nations as branch, appoint franchise, or secure assignments, some degree of Local Government consent and registration are required. These requirements become all the more difficult, when partners, conveners or stack-holders, are of persons or business entities of different nationalities. Business conveners, organizers, investors, other beneficiaries and non-beneficiary participants, all need to understand that formation, registration, declaration, redressal mechanisms for disputes (arbitration etc.), reach of jurisprudence, etc. are nation bound.
Activities of Organizations : Organizations can have one dominant activity and many other subordinate ones. Externally an organization may seem to function with only one activity, but its internal working may consist of many departments. Departmentalization and compartmentalization are two different things. The former one is hypothetical recognition that a specific combination of talent and equipments are better for some projects and jobs. The later one is a realistic identification that talent and equipments if physically placed together, lot of creative synergy occurs.
Start-ups or Enterprises : Designers more often than not, venture out as start-up or an enterprise. A start-up can offer a design, product, process or service with a very small capital and associated risks. Design being substantially an intellectual process, and its implementation faces fewer problems of funding, poor marketing and bad business strategies. Start ups are launched at comparatively younger age, when the risk taking and course correction capacities are high. Spirit of entrepreneurship can be seen in not only in business ventures but also in social service sectors.
Entrepreneurship : The exploitation of entrepreneurial opportunities may include actions such as developing a business plan, hiring the human resources, acquiring financial and material resources, providing leadership, and being responsible for the venture’s success or failure. Entrepreneurship implies qualities of leadership, initiative, and innovation in new venture design. team-building, leadership, and management abilities.
Stewardship : This is an ethical concept that concerns with safety and security of others, their belongings and rights. Design stewardship becomes effective through planning and management of resources. It supports sustainable development of durable, reusable and recyclable products by way of conceptualization, formation and disposal. It is a responsibility to nurture all activities, institutions, organizations or governments in a better shape for the next generation. Stewardship was originally made up of tasks that took care of members of household, guests, their interests and properties.
Trusteeship : Trusteeship is a socio-economic philosophy by Mahatma Gandhi. It is based on the idea that one has right to retain wealth just enough for immediate personal needs. Rest of the wealth belongs to the community and must be used for the welfare of the community as a trustee or manager. In the larger context the concept is very similar to stewardship.
2 ESSENTIALS of ORGANIZATIONS part of the lecture series DESIGN IMPLEMENTATION PROCESSES