Someone asked me the other day: what exactly is an organization?
DEFINITION OF AN ORGANIZATION
Well, in in simple terms, an organization is defined as: "an entity comprising one or more people that has at least one particular purpose". An organization is usually made up of various sub-organizations like business units and departments with specialized tasks.
EXAMPLES OF ORGANIZATIONS
Typical examples of organizations are:
A business firm / company / corporation (for profit organizations)
A government agency
An NGO
An association of volunteers
A charity
Various strategic alliances and partnerships
A joint-venture
An educational institution
A special purpose vehicle
A spin-off
Etc.
CRITERIA FOR AN ORGANIZATION
As you can see in the above examples, organizations can differ a lot among each other. But organizations do have six things in common:
PURPOSE: They have at least one purpose / goal (that could be a pure economic and/or a moral purp
(...) Read more? Sign up for free
