An organization is a structure or machinery manned by group of individuals who are working together towards a common goal. Organizations provide a framework for people to work together towards common goals. The primary purpose of an organization is to achieve specific objectives or outcomes. Successful organizations often demonstrate the ability to adapt to changing environments, technologies, and market conditions. 1. Learn what organization means in business context, how it is created and what types of organization structures exist. Organization is a social system that involves division of work, authority and responsibility among employees. 17 Organization: Meaning and Types Niti Goyal Introduction The organizational structure seeks to establish relations among all the persons working in the organization. Under the organizational structure various posts are created to perform different activities for the attainment of objectives of the enterprise. Relations among persons working on different posts are determined. The purpose of defining the relation is to clarify as to who is superior and who is subordinate. Therefore, it can ...
