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Describe the Contents of Organizational Plan. - Entrepreneurship

Short Note

Describe the contents of organizational plan.

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Solution

Organizational plan includes the following:
(i) The terms and conditions associated with the selected form.
(ii) Lines of authority and responsibility of members of the new venture.
(iii) The names, designation, addresses and resumes of the members.
(iv) Stake of members in the organization.
(v) Roles and responsibilities of each member.
(vi) Procedure for solving conflicts/ disputes amongst members.
(vii) Forms of payment for the members of the organization.
(viii) Voting rights, managerial and controlling rights of the members.

Concept: Business Plan - Organizational Plan
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APPEARS IN

CBSE Class 12 Entrepreneurship Textbook
Chapter 2 Enterprise Planning
Short Answers (75 words) | Q 2 | Page 88
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