1. Define systems and procedures and their relevance to the effectiveness of an organization. 2. ‘There are plenty of ideas, new technology, money-chasing ventures, entrepreneurs and venture...

1. Define systems and procedures and their relevance to the effectiveness of an organization.

2. ‘There are plenty of ideas, new technology, money-chasing ventures, entrepreneurs and venture capitalists, but what lacks is the great winning team, which matters the most in success of a venture.’ Critically examine the statement with the help of concrete examples.