Scribd
Upload
23 views

Sherwin G. Rivera Bsa I-4

Organizations are social units that are structured to meet needs and pursue goals through a management structure that determines relationships and assigns roles and responsibilities. Organization is important as it allows individuals and groups to perform tasks more efficiently and work together without wasting time. Management coordinates efforts to accomplish goals using resources efficiently through planning, organizing, staffing, leading, and controlling. Common characteristics of organizations include coordination of effort, common goals, division of work, and a hierarchy of authority with multiple people. A business is an organization or economic system where goods and services are exchanged for money or each other, requiring investment and customers to make a consistent profit.

Uploaded by

Sherwin
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
23 views

Sherwin G. Rivera Bsa I-4

Organizations are social units that are structured to meet needs and pursue goals through a management structure that determines relationships and assigns roles and responsibilities. Organization is important as it allows individuals and groups to perform tasks more efficiently and work together without wasting time. Management coordinates efforts to accomplish goals using resources efficiently through planning, organizing, staffing, leading, and controlling. Common characteristics of organizations include coordination of effort, common goals, division of work, and a hierarchy of authority with multiple people. A business is an organization or economic system where goods and services are exchanged for money or each other, requiring investment and customers to make a consistent profit.

Uploaded by

Sherwin
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 1

Sherwin G.

Rivera

BSA I-4

1) What is meant by the term organization?


A social unit of people that is structured and managed to meet a need or to
pursue collective goals. All organizations have a management structure that
determines relationships between the different activities and the members, and
subdivides
and assigns roles, responsibilities,
and authority to
carry
out
different tasks.
2) Why are organization important?
Organization is important because it allows individuals and groups to perform
tasks more efficiently. It helps people find information and items faster, and it allows
groups to work together without wasting time. It is important for any growing
company to provide guidance and clarity on specific human resources issues, such
as managerial authority. It also allows us to save time and reduces stress.

3) What is management?
Management in business and organizations is the function that coordinates
the efforts of people to accomplish goals and objectives using available resources
efficiently
and
effectively.
Management
comprises planning, organizing, staffing, leading or
directing,
and controlling an organization to accomplish the goal.

4) What are the common characteristics of organization?


According to Edgar Schein, an organizational psychologist, all organizations share
four characteristics: (1) coordination of effort, (2) common goal or purpose, (3)
division of work, (4) hierarchy of authority, and (5) plurality of persons.

5) What is Business?
An organization or economic
system where goods
and
services are
exchanged
for
one
another
or
for money.
Every
business
requires
some form of investment and enough customers to whom its output can be sold on
a consistent basis in order to make a profit. Businesses can be privately owned, notfor-profit or state-owned.

You might also like