Kinesiology 2298A/B Chapter Notes - Chapter 2: Investment
5 Dec 2013
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Defn: a deliberate arrangement of people to accomplish some specific purpose. Interconnected sets of individuals and groups who attempt to accomplish common goals through differentiated functions and intended coordination. Organization has its own identity separate from members; people leave, identity remains. A tag line / logo helps create identity. Goal achievement is beyond capacity of individual members. Organizations define who can have a membership. Large organizations are more permanent than the members who compose them. Divided into units to efficiently carry out jobs. Direct and control members; ensure work is consistent with goals. Businesses and corporations whose capital is provided by investors. Capital from investments is then reinvested to make more money for the shareholders. Profit goes elsewhere to support a cause, other profits get reinvested into the company and not to shareholders. Created and partly funded by government and authorized to provide particular goods or services. Profit vs nonprofit - used to define orientation.
