Open AccessFACTORS OF ORGANIZATIONAL OPERATIONS IN THE FOCUS OF CONTROLLING AND MARKET CHANGE
Author(s) -
Radojko Lojaničić,
Darko Lojaničić,
Nada Živanović
Publication year - 2022
Publication title -
fbim transactions
Language(s) - English
Resource type - Journals
eISSN - 2334-718X
pISSN - 2334-704X
DOI - 10.12709/fbim.10.10.01.07
Subject(s) - business , organizational structure , organization development , process management , industrial organization , diversification (marketing strategy) , organizational effectiveness , decentralization , work (physics) , delegation , marketing , knowledge management , economics , management , computer science , market economy , mechanical engineering , engineering
The business of small and medium-sized companies, viewed globally, cannot be imagined without efficient strategic factors and business organization. Incorporating market factors into the business of organizations is imperative for future business. Organizational business takes place through processes that are essential for the administration and overall work of the organization. For the organization and management, adequately grouping jobs and employees increases production. Work overload is controlled effectively, and job duplication is limited. It reduces the waste of material resources and strengths. Effective delegation of work and decision-making is less undemanding. A clear division of labor enables the growth and diversification of activities. The administration is facilitated. The efficient functioning of the entire organization, etc., is achieved. From the organizational aspect, the goal is to develop appropriate factors for successful control and define the most suitable organization's structure, the scope of work, and nature of decentralization. It is essential to implement the appropriate process organization which ensures optimal technical and human resources used to obtain the strategic success of industries and small and medium-sized companies. The influence of market changes requires a clear definition of organizational and strategic factors in management and organization. That is necessary to encourage creativity and innovation linearly, and in the function of strengthening the interaction between different levels of management. It is a prerequisite for uniting the efforts of all employees. The article presents the organization's key factors and control for its successful operation. Organizational structure and culture are the main strategic elements of business efficiency improvement when a company wants to reach the set goals.