organization
Definition
An organization is a structured group of people working together to achieve common goals through a division of labor and a hierarchy of authority. It utilizes resources efficiently to maximize productivity and achieve its objectives.
Analogy
Think of an organization as a well-orchestrated orchestra. Just as each musician plays their part with different instruments contributing to the harmonious whole under the guidance of a conductor, in an organization, each member plays a specific role within departments led by managers to achieve the collective aims.
Related terms
Hierarchy of Authority: A system in which different positions are ranked relative to each other, guiding the flow of decision-making power from top management down through the levels of an organization.
Division of Labor: The allocation of different tasks to different people or groups in an effort to increase efficiency and productivity within an organization.
Organizational Structure: The system used to define a hierarchy within an organization, establishing how roles, power, and responsibilities are assigned, controlled, and coordinated
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