Features of a company
Aggregation of Human beings: Firm is a great identifiable collectiong of human beings. The id is possible since human group is not merely a number of persons collected by London, but it really is a band of persons who are interrelated. The well-known group of people determines the boundary of the organization. These kinds of boundary isolates the elements belonging to the corporation from other components in its environment. Deliberate and conscious Creation: Organization is a deliberating & consciously related human group. It implies that relationship among organization as well as its members in contractual. They enter in the business through the agreement and can be changed also that is usually unsatisfactory persons can be removed and others assigned their task. Strategic and mindful creation of human groupings differentiates between casual & focused gathering having transitory relationships just like social devices. Thus corporations, hospitals etc… are included in the category of business. While tribes, families, friendship groups, etc .., are excluded. Purposive Creation: The organization is known as a purposive creation that is most organization has some objectives or set of objectives. The goals are mutually agreed up on by members of the group. An organizational target is a desired state recognize. Organizations happen to be thus intervening elements among needs & their pleasure. The success or failure of an firm is assessed in terms of success of its objectives. Co Ordination of Activities: Inside the Organization, there exists a co ordination of strongly relevant actions of the people. The co ordination is important because every one of the members bring about commonly agreed goals. Structure: The dexterity of human activities requires a structure in which in various people are fitted. The structures offer power centers which co ordinates & control concerted efforts of the organization & direct them to its desired goals. It is...
