Organization and Management Structure: Sales Specialist Accountant
Organization and Management Structure: Sales Specialist Accountant
Organization and Management Structure: Sales Specialist Accountant
CEO/Chemical
Engineer
Building/Machin
e Maintenance
Unskilled
workers
Defines how activities such as task allocation, coordination, and supervision are directed toward the achievement
of organizational aims. Organizational structure affects organizational action and provides the foundation on
which standard operating procedures and routines rest. It determines which individuals get to participate in
which decision-making processes, and thus to what extent their views shape the organization’s actions.
Organizational structure can also be considered as the viewing glass or perspective through which individuals see
their organization and its environment
LEGAL FORM OF BUSINESS
The proponents decided to build corporation rather than sole proprietorship because of
the following reasons. Corporations can raise the most investment capital also have tax
advantages. Corporations typically file taxes separately from their owners. Therefore, owners of
a corporation only pay taxes on corporate profits that are actually paid to them in the form of
salaries, bonuses, and dividends. Thus, the proponents can enter into a larger business that will
give them a higher income. Another functional advantage of corporations is that they are
generally able to attract and hire high quality and motivated employees because they tend to
offer competitive benefits and the potential for partial ownership through stock options. It also
has greater borrowing capacity than sole proprietorship.
The biggest businesses take the form of corporations, a testament to the effectiveness of
this business organization. A corporation, however, is relatively more difficult to create, organize
and manage. There are more reportorial requirements with the stock-exchange. Unless you own
sufficient number of shares to control the corporation, you’ll most likely be left with no
participation in the management. The impact of these concerns, however, is minimized by the
army of lawyers, accountants and consultants that assist the corporation’s management.
KEY PERSONNEL
Every member of Paintagon team are key personnel and it’s their passion for paint
industry which will make us the company we dream to be.The following are management team
of the company:
They are responsible for converting raw materials and other inputs into finished
goods or services. In between the process of production, the department works to
improve the efficiency of the production or assembly line so that it can meet the output
targets set by the company management and ensure finished products offer consumers the
best value and quality.
The following are the activities that should be done by the production
department:
Identifying Inputs
Scheduling Production
Market Research
It means study of market, which includes forecasting, intelligence and
statistics. It is an important factor for the sale of products. Failure to do this
accurately may lead to the production of more goods that the market can absorb.
This may mean financial losses to the firm. It may also lead to under-production,
the results of which are equally unpleasant.
Sales
All the activities of the Sales department are for selling to earn maximum
profit. For this purpose, continuous search is made for profitable markets. Various
agencies are opened throughout the country and if possible in foreign markets
also.
Sales Correspondence
Any incoming letter must be replied in a short time. The letter should be
tactful, simple in language, helpful and every customer must feel that his
enquiries are being considered. Quotations for the supply of products should be
sent to large number of customers and try to capture large markets. If the
promises cannot be kept with regard to delivery date or other matters, the
customers should be informed immediately and whenever practicable reasons for
the delay should be given.
Service
Industry is rapidly adopting the principle that service is an essential part of
the sales itself. Manufacturers often find it essential to see that their products are
properly installed. This is not only a service to the customers but also a protection
against complaints and general dissatisfaction of the customers.
The manufacturers, therefore, maintain a staff of skilled engineers and
mechanics, who carry out tests at the customer works, give technical help and
advice and see that everything is functioning properly.
Packing
Packing also has an important role in the sale of product. With the help of
good packing, the products can reach to the customer in same form and quality as
they were before dispatch. Good packing also helps in advertising and attracts
more number of customers.
Warehouse
These are the go-downs, for storing finished products after they are packed
in a systematic manner. These are built in such a way that materials can be kept in
them for a period till they are sold. For easy transportation, these are generally
situated near the factory main gate.
The Marketing/Sales Department is the key to good marketing and sales. It promotes
and establishes a business in its niche, based on the products or services the business is
offering. It identifies the areas in which the product fits and where the business should focus
its marketing strategy and, therefore, spend its budget for the maximum coverage and results.
The marketing department helps the company to do the following:
The responsibilities of a sales department are varied. Thus, a sales department is often
split up into multiple roles, each with their unique functions:
The part of a department/offices that manages its money. The business functions
of a finance department typically include planning, organizing, auditing, accounting for
and controlling its company's finances, the Board of Directors are the ones who manages
that matter. The finance department also produces the company's financial statements or
accounting and monitoring the cash flow.
The human resources office handles many necessary functions of the business. It is
instrumental in providing labor law compliance, record keeping, hiring and training,
compensation, relational assistance and help with handling specific performance issues.
These functions are critical because without those functions being completed, our company
would not be able to meet the essential needs of management and staff.
The key functions an HR department include labor law compliance, recruiting, staff
training and development, payroll, record keeping and employee relations.