BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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formal organization.
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informal organization.
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business or organisation.
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strategic organization.
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Detailed explanation-1: -Explanation: The informal organization is defined as a network of social and personal relationships that occur in a work environment.
Detailed explanation-2: -The primary function of informal organizations is basically to maintain cultural values of people. When people can associate themselves with each other socially, they always feel a sense of togetherness. Consequently, another function of informal organizations is to provide social satisfaction to members.
Detailed explanation-3: -Informal relationships are understood as those developed between individuals which do not have formal character; for example, these are often based on sympathy, rely on oral agreements instead of contracts, etc.
Detailed explanation-4: -Formal Organisation. In every enterprise, there are certain rules and procedures that establish work relationships among the employees. These facilitate the smooth functioning of the enterprise.
Detailed explanation-5: -The one of the biggest primary advantage of formal structures is that they promote growth, in accordance with the organization’s objectives and goals. A formal structure is intentionally created by the management to fully utilize the resources.