V Organization is a group of people working together

to achieve common goals.

V Elements
a) Group of people
b) Working together
c) Common goals

• Organization is a Socio-Economic entity.

Socio- Group of people
Economic- Economic activities
V System is an assemblage of interacting and
interdependent components working together to
achieve common goals and operate within certain
boundaries.
V If a component of the system is itself a system it is a
sub-system.

Since, the organization is a component of the society

and the organization is itself a system, it·s a sub-
system of society.
V Organizations
~ ñormal
One formed as a decision of management to achieve
organizational objectives.

~ Informal
One formed due to the regular inter-action between
organizational members.
V Organizations
~ ©rimary
Group of people meeting together regularly and they have
loyalty among each other.
Eg: ñamily , ©eer groups

~ Secondary
Any group of people other than the primary organizations.
V Accomplishment of otherwise impossible tasks.

V Utilize the human needs.

V Create knowledge and preserve knowledge.

V Make the whole the world.

(World is a combination of orgn )
V usiness organization is an activity involves
producing goods and services using limited
resources to achieve certain objective.

Organizations

usiness
V Activities of an organization
½ Ôine functions
ñunctions that directly contribute to the achievements of
objectives.
Eg: ©roduction ,Marketing

½ Staff functions
ñunctions that indirectly contribute to achieve the
objectives or which facilitate the line functions.
Eg: HRM, ñinancial dep, IT
V Objective
~ ©rofit oriented
~ Non-profit oriented
V Ownership
~ ©rivate
~ ©ublic
V Stage of production
~ ©rimary
~ Secondary
~ Tertiary
V Technology
~ Ôabor intensive
~ Capital intensive
• Scale
~ Ôarge
~ Medium
~ Small
• Ôiability
~ Ôtd
~ Unlimited
• Ôegal structure
~ Incorporated
~ Un-Incorporated