Monday, 21 October 2013

The Role Of Minute Books In An Organization

By Elena McDowell


For any business entity or organization, minute books are very important and very crucial in then operation and performance of the organization. When we talk about an organization, we have to think about the many people that it tends to give services as well as the different groups of individuals who form the same group. Since many people are involved and check on the activities of the organization, it is very important that proper records of the activities are kept well and maintained properly.

These books are very important to the organization since they act as reference material for the future performance of the organization. In the decision making process involves a set of progressive phases that require the sharing of ideas to come up with the best decision for the growth of the organization.

Minute books are virtually found in all organization as well as the associations. They conduct several meetings at different levels and for different purposes. At different level of management we find different categories of employees and groups holding several meetings.

The second phase is the search for the relevant information. This involves meeting with the individual or group of the employees with an aim of getting proper information of about what they feel concerning the decision to be made. This meeting, the employees are required to speak out their mind in connection to the subject matter. That is the best ways of performing the task and the overall impact the decision may impact on their performance.

A company management meeting is held to look and check as well as evaluate the performance of the company. They also meet to develop ideas which would see them meet the objectives of the company both in the long run and short run. They may also meet to evaluate the different options of sources of funds in order to choose the source that has the minimum cost of capital and the risk involved.

The middle level executive may also organize certain strategic meetings to organize on how they can improve their work performance and achieve the objectives of the organization. They tend to be the group that majorly involve in the operation of the organization, and any decision made at this level is crucial to the organization in achieving the set objectives.

The decisions commonly made bat this level may include introduction of new product into the market, improving the quality of the product to attract more customers. Exploiting new markets to increase sales of the company commodities as well as conducting market research and vigorous promotional strategic to create a long term mutual friendship with their esteemed customers.

There are different types of meetings that are held at different levels in the management set up of an organization. It can be at the departmental level where employees of a given department meet to make decisions concerning their department. It can also be at the top management level where the top managers are to give the direction of what is to be done within the organization.

The meetings are held especially with the shareholders on an annual basis. This is done in the form of annual general meeting to report to the shareholders how the organization is progressing as well as informing them about the projects of the next financial operational years. In all these meetings, minute books are very important for recording the information for future reference.




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