Osr at Madras Cements Limited
CHAPTER 1
1.1 INTRODUCTION Organization is a social unit which is deliberately constructed and reconstructed to seek specific goals .An organization comes into existence when there are a number of persons in communication and relationship to each other and are willing to contribute towards a common endeavour. The evolution of organization dates back to the early stages of human civilization when two or more persons began to cooperate and combine together for fulfilling their basic needs of food, clothing, shelter and protection of life .Thus, an organization is born when people combine their efforts for some common purpose. It is a universal truth that an individual is unable to fulfil his needs and desire alone because he lacks strength, ability and resources. So he seeks the cooperation of other people who share goals with him. Definitions of Organization Different authors have defined organization in different ways. The main definitions of organization are as follows: * According to Keith Davis, "Organization may be defined as a group of individuals, large of small, that is cooperating under the direction of executive leadership in accomplishment of certain common object." * According to Chester I. Barnard, "Organization is a system of co-operative activities of two or more persons." * According to Louis A. Allen, "Organization is the process of identifying and grouping the work to be performed, defining and delegating responsibility and authority, and establishing relationship for the purpose of enabling people to work most effectively together in accomplishing objectives." * According to Mooney and Railey, "Organization is the form of every human association for the attainment of a common purpose." 1.2 INTRODUCTION TO COMPANY HISTORY OF MADRAS CEMENTS LIMITED Madras Cements (MCL) was established in 1957, is
1.1 INTRODUCTION Organization is a social unit which is deliberately constructed and reconstructed to seek specific goals .An organization comes into existence when there are a number of persons in communication and relationship to each other and are willing to contribute towards a common endeavour. The evolution of organization dates back to the early stages of human civilization when two or more persons began to cooperate and combine together for fulfilling their basic needs of food, clothing, shelter and protection of life .Thus, an organization is born when people combine their efforts for some common purpose. It is a universal truth that an individual is unable to fulfil his needs and desire alone because he lacks strength, ability and resources. So he seeks the cooperation of other people who share goals with him. Definitions of Organization Different authors have defined organization in different ways. The main definitions of organization are as follows: * According to Keith Davis, "Organization may be defined as a group of individuals, large of small, that is cooperating under the direction of executive leadership in accomplishment of certain common object." * According to Chester I. Barnard, "Organization is a system of co-operative activities of two or more persons." * According to Louis A. Allen, "Organization is the process of identifying and grouping the work to be performed, defining and delegating responsibility and authority, and establishing relationship for the purpose of enabling people to work most effectively together in accomplishing objectives." * According to Mooney and Railey, "Organization is the form of every human association for the attainment of a common purpose." 1.2 INTRODUCTION TO COMPANY HISTORY OF MADRAS CEMENTS LIMITED Madras Cements (MCL) was established in 1957, is