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Commercial Applications

Define the term 'organisation'.

Commercial Orgs Intro

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Answer

The term 'organisation' means a group of persons who join together to achieve some common objectives. It refers to two or more people working together in a coordinated manner to achieve some common goals. It is a deliberately structured group with assignment of tasks and responsibilities to achieve specific objectives.

An organisation draws inputs (raw materials, money, energy, people, information, etc.) from its environment and transforms them into outputs (finished goods, services, profits, etc.). Size, complexity, formality, hierarchy and life span are the characteristics commonly associated with an organisation.

Examples include a school, a college, a Super Bazaar, the army, the Government of India, and the University of Delhi. Organisations may be commercial (formed for profit) or non-commercial (formed for non-economic purposes).

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