An organization is a collection of people who work together to achieve common goals. There are three common factors of organizations: people, objectives, and structures. A formal organization has an intentional structure with defined roles and responsibilities coordinated to achieve goals, as shown in an organization chart. An informal organization is characterized by groups within a formal organization who share common values and interests, such as employee clubs.
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Nature of Organization
An organization is a collection of people who work together to achieve common goals. There are three common factors of organizations: people, objectives, and structures. A formal organization has an intentional structure with defined roles and responsibilities coordinated to achieve goals, as shown in an organization chart. An informal organization is characterized by groups within a formal organization who share common values and interests, such as employee clubs.
intentional structure of Roles & Responsibilities coordinated towards achievement of common goals. An organization chart, for example, gives a representation of the formal structure. Other examples of the formal organization are rules and regulations, policy manuals, standing orders and job descriptions. Informal Organization
• Informal organization is characterized by
group of people within the organization having common values, interests & desires. Ex. the various clubs in organizations, employees meeting together during tea & lunch time. • Informal organization plays an important role in the formal structure.