What is Organization?
It doesn’t mean that a random group of people who come together by chance is an organization. When a group of people are formally gathered to accomplish some certain goals is called an organization. The goals cannot be reached individually, so that organizations are formed. The job of a manager is to achieve high level of performance relative to organizations’ objectives. For example, any business organization has some objectives which lead to 1) make profit; 2) provide goods and services to customers; 3) provide income source for its employees; and 4) increase the level of satisfaction for every stakeholder.
Organizations are known as social entities, which are deliberately structured and goals oriented. Organizations cannot operate their functions in isolated environment, but they linked external dynamic situation.
Types of organization
Generally there are two types of organizations:
- Formal: The part of an organization that has legal and official recognition.
- Informal: The informal or private part of the organization.
Components of Organization:
- Task
- People
- Structure
- Technology
Task: It can be defined as a purpose of existence of an organization. Every organization should have a purpose of existence that is accomplished by producing output in the form of certain goods and services, is termed as task.
People: It is the workforce or human part of the organization that performs different functions in the organization.
Structure: The basic arrangement of people in the organization is called Structure.
Technology: To transform inputs into products or services, the intellectual and mechanical processes used by an organization is known by technology.
comment closed