What Are The Common Features Of Business Organizations?

Question

What Are The Common Features Of Business Organizations?

5 Answers

Answer Question

Answer 1

The various common features of a business organization include:
· A group of people who come together to achieve a common goal
· Organizations have a vision and mission.
· They have a culture that is guided by their organizational values.
· They develop strategies to achieve their goals.
· They have a structure (departments, divisions, teams) and system to achieve the goals.
· They get input, process it and then have an output.
· They have customers for whom the product or service is developed.

Answer 2

1 source of employment
2 means of earning
3 Dynamic
4 Mass production and marketing
5 Product diversity
6 Globalization
7 information
8 service creation
9 Easy product availability
10 Competition
11 Govt. Interference

Answer 3

1.hierarchy of authority
2.goal oriented
3.chain of command
4.dynamic
5.visions and missions
6.imperfect
7.public or private
8.core values and norms
9.organisational chat or structure

Answer 4

Common feature

Answer 5

The common features of a business organisation:

made up by a group of people who work together for the achievement of set goals – different people do different things orspecialise in one activity
have business strategies to achieve goals/objectives
have a vision and a mission
have a culture which is formed by the organisational values
have structures (such as department, teams and divisions) and a sound system i.e. systems and procedures
have inputs which are processed and provide an output
have customers besides other stakeholders