BUSINESS ADMINISTRATION
PRINCIPLES AND PRACTICE OF MANAGEMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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organization
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firm
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forms
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Detailed explanation-1: -A team is a group of individuals working together for a common purpose. The team members ideally comprise common goals, objectives and thoughts. In a team, compatibility among the members matters a lot, because individuals who are not compatible with each other can never form a team.
Detailed explanation-2: -Collaboration Meaning – The best way to define collaboration would be to outline it as the process of two or more people or organizations working together to complete a task or achieve a goal.
Detailed explanation-3: -An organization is a collection of people who collectively work towards a common purpose. Generally, organizations possess some form of hierarchy and division of labour–that is, it has some form of structure.
Detailed explanation-4: -An organization can be defined as a group of individuals working together to achieve a common goal or objective. In the business environment various types of organization can be observed, i.e. profit making vs. non – profit making, product based vs. service based, localized vs. international and etc.
Detailed explanation-5: -An organization is a collection of interacting and interdependent individuals who work toward common goals and whose relationships are determined according to a certain structure (Duncan, 1981). An organization is a relatively enduring social system which is purposive and hierarchical (Mansfield, 1984).