Business organisation have two components, business as defined as above and organisation as below.
Business organisation is a form of activity that an individual or group of people collaborate to achieve certain commercial goals.
Some forms of business organizations formed to earn income for owners or promoters.
There are also not-for-profits, formed for serving public good and charity initiatives.
Business organisation have two components, business as defined as above and organisation as below.
Organisation is a unit of people that is structured and managed to meet to pursue collective goals.
All business organisations have a common goal with a management structure and governing body to manage and deliver the agreed common goals.
From the Book – ‘ Know Everything about Corporate Social Responsibility ‘
Available on Amazon.in
Also Read:
- What is Crony Capitalism?
- What Is Capitalism?
- What is Socialism?
- What is Free Enterprise?
- What is Third World?
- What is the Fourth World?
- What is Sustainable Economic Growth?
- What is Inclusive Growth?
- What is Industrialisation?
- What are the Effects of Industrial Revolution in India?
- What is Industry?
- What is Business?
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