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ORGANIZATION. Organization is a wider term, and it comp
Added on -2019-09-23
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ORGANIZATIONOrganization is a wider term, and it comprehends the business and non-business activities. The activities under organization work in a concrete structure. People induce the culture in an organization in order to guide the operations. Every organization has distinct policies, objectives,rules and regulations, work flow, etc. An example for the non-business organization is clubs or sports team. PURPOSE OF AN ORGANIZATIONThe purpose of an organization is to make a long- term relationship with stakeholders, employees, suppliers, etc. the purpose of an organization is to retain its employees by providing rewards and incentives to them. The main purpose of an organization is to generate profit. But the non- business organizations generate profit for the welfare of the society.IS ORGANISATION FULFILLING ITS PURPOSE?It is said that if the organization fulfills its vision and mission statement and satisfy all its employees and succeed in making a long term relationship with the shareholders, employees, customers, suppliers, etc. and generate profit in order to grow and survive and in the case of non-business organization, profit is being generated for the welfare of the society. It shows that organization has fulfilled its purpose.Similarly, if an organization doesn't fulfill its vision and mission statement, and the employees don't get satisfied and they start leaving the organization, and the organization is not able to retain them and build a good relation with shareholders, employees, customers, suppliers, etc. and also not able to generate profit in order to survive or for the welfare of the society then it is said that organization is not fulfilling its purpose.
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