Term
|
Definition
two or more people
who work together
in a structured way
to achieve a specific
objective or set of
objectives |
|
|
Term
Importance and
necessity of
organisations |
|
Definition
Reason 1: Organisations enable people to achieve things
that they could not achieve as individuals.
Reason 2: Organisations serve to manage complex
social and technological change.
Reason 3:
Organisations are also an important source of
employment and career direction. |
|
|
Term
Common
characteristics
of organisations |
|
Definition
-Goals
-2 or more people
-Rules OR informal, like a peer group or a classroom |
|
|
Term
Differences between
organisations |
|
Definition
1.1 Size, which may vary as to number of
employees or members, revenue and assets
2.Nature of operations refers to whether
the organisation has been established as a
business enterprise or for social interaction.
3.Form of legal ownership.
4. Extent of their market share.
5.Contribution to the economy. |
|
|
Term
| For Profit organisations do what exactly? |
|
Definition
The focus of for-profit organisations is profit
attainment, market share and growth. |
|
|
Term
| So what do non for profit's do? |
|
Definition
The focus of not-for-profit (NFP)
organisations is on providing specific service
to the community. |
|
|
Term
| Financial Objectives do what? |
|
Definition
Financial objectives
-Making cash
-Getting assets |
|
|
Term
|
Definition
To ensure ongoing employment, training and
development and career paths for employees
To provide services to the community
or be actively involved in supporting
community projects.
To assist in improving employment
prospects for disadvantaged groups in the
community,
To produce environmentally friendly products
and not produce or release any pollutants
into the air or waterways. |
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