ADMS 1000 Chapter Notes -Perfect Competition, Monopolistic Competition, Oligopoly

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: All

Document Summary

An organization consists of people with formally assigned roles, who work together to achieve stated goals within an identifiable boundary. A social entity composed of people, interacting with each other to perform essential functions. Goal directed exists for a purpose/goal they were designed to achieve. Deliberately structured characterized by formally assigned roles deliberately divided into sets of activities. Interact with the environment obtains input from its environment, and the organization transforms them and they become outputs (e. g. goods/services) In an identifiable boundary meaning itself as an entity distinct from the environment. Incorporating an entity which is the organization itself. Boundary identity that bonds us together. A group of people that share a common goal; goal directed. Programmatically begin the process of starting an organization. Doesn"t have to be a human being or social entity (in eyes of the law) Can"t understand business if you can"t understand people (greed)