Business Organization

Topics: Business law, Legal entities, Sole proprietorship Pages: 2 (630 words) Published: June 23, 2013
Business Organization
I’m going to tell you what an organization is, describe the structure of an organization, define different types and forms of business organization, to tell you about such things as sole proprietorship, partnership and corporation. Early in human existence people learned that their individual efforts often fell short of success. They found that they were unable to accomplish many tasks that require more than individual effort. So, the necessity of group activity appeared relatively early in human existence. Cooperation is a prime element of a group of people who want to achieve more than they can act individually. Today, this system of cooperation is much more complex than it was in the first attempts at organization. So, according to the basic definition, organization is an open, dynamic, purposeful social system of cooperation designed to enhance individual effort aimed at goal accomplishment; consists of the human element, the physical element, the work element, and the coordination element; transforms resources into outputs for users. The patterns of work divisions and their hierarchial arrangements constitute the basic components of structure. Structure is the hierarchial pattern of authority, responsibility, and accountability relationships designed to provide coordination of the work of the organization. It can be considered the skeleton of the organizational body. Organizations create an officially sanctioned structure known as the formal organization: at the top of an organization there is the President, then go a few Vice Presidents who coordinate the Heads of Departments. Then go Supervisors and the lowest link of the structure – Operatives. Usually the structure of an organization is permanent and stable but in some cases a temporary organization may be created. There are 3 types of organizations: manufacturing, merchandising and service. A manufacturing organization is an organization that produces goods through manufacture and...
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