BUSINESS ADMINISTRATION
COMPANY ORGANIZATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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good and services
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shaking hands
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reading stories
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Detailed explanation-1: -What is a for-profit organization? A for-profit organization is one that operates with the goal of making money. Most businesses are for-profits that serve their customers by selling a product or service. The business owner earns an income from the profit and may also pay shareholders and investors from the profits.
Detailed explanation-2: -Purpose of Organizing Every organization strives to achieve its targets and its structure only facilitates this. The main purpose of such a structure is to help the organization work towards its goals. It brings members of the organization together and demarcates functions between them.
Detailed explanation-3: -Summary. Effective organizations create results, and to be fully effective, nonprofits must exhibit strengths in five core organizational areas-leadership, decision making and structure, people, work processes and systems, and culture.
Detailed explanation-4: -Developed by Crossan, Lane and White (1999) the 4I framework of organizational learning consists of four social processes; intuiting, interpreting, integrating and institutionalizing.