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Sometimes the term business life cycle is used interchangeably with the organizational life cycle, while the two are different. The organizational life cycle is a more inclusive term for all kinds of organizations which includes even government organizations , but the business life cycle refers more specifically only to for-profit companies .
Organizational theory covers both intra-organizational and inter-organizational fields of study. In the early 20th century, theories of organizations initially took a rational perspective but have since become more diverse. In a rational organization system, there are two significant parts: Specificity of Goals and Formalization.
A matrix organization frequently uses teams of employees to accomplish work, in order to take advantage of the strengths, as well as make up for the weaknesses, of functional and decentralized forms. An example would be a company that produces two products, "product A" and "product B".
A big social organization that most people are somewhat familiar with is a hospital. Within the hospital are small social organization—for example, the nursing staff and the surgery team. These smaller organizations work closer together to accomplish more for their area, which in turn makes the hospital more successful and long lasting.
The following are the important characteristics of organization: Specialization and division of work. The entire philosophy of organization is centered on the concepts of specialization and division of work. The division of work is assigning responsibility for each organizational component to a specific individual or group thereof.
Organizational behavior or organisational behaviour (see spelling differences) is the "study of human behavior in organizational settings, the interface between human behavior and the organization, and the organization itself". [1] Organizational behavioral research can be categorized in at least three ways: [2] individuals in organizations ...
Examples include study groups, sports teams, schoolmates, attorney-client, doctor-patient, coworkers, etc. Cooley had made the distinction between primary and secondary groups, by noting that the term for the latter refers to relationships that generally develop later in life, likely with much less influence on one’s identity than primary groups.
Organizational culture encompasses the shared norms, values, behaviors observed in schools, universities, not-for-profit groups, government agencies, and businesses reflecting their core values and strategic direction.