organizations benefit someone—either the management, the membership, the client, or the commonwealth. According to Harold Koontz, “Management is an art of getting things done through and with the … Menu. Organization definition is - the act or process of organizing or of being organized. How to use organization in a sentence. Industrial organization is a field of economics dealing with the strategic behavior of firms, regulatory policy, antitrust policy and market competition. organization meaning: 1. a group of people who work together in an organized way for a shared purpose: 2. the planning…. This section of your business plan, Organization and Management, is where you’ll explain exactly how you’re set up to make your ideas happen, plus you’ll introduce the players on your team. Management is a process of planning, decision making, organizing, leading, motivation and controlling the human resources, financial, physical, and information resources of an organization to reach its goals efficiently and effectively. Learn more. Management can include organizing an organization’s activities and coordinating employees or volunteers to achieve goals. All organizations - business, political, cultural or social are involved in management because it is the management which helps and directs the various efforts towards a definite purpose. The definition of management is an administration in an organization either in the form of a business, non-profit or government agency. This is astonishing because serving customers in order to obtain a profit is the crux of every business organization. Yet, if one looks through most management books for a definition of management, 99.9 percent of the time the word customer will not be mentioned. The … Such administration activities include setting the organization’s strategy and coordinating the efforts of staff to accomplish these objectives through the application of available resources. When you clean up your desk and file all of your papers into logical spots, this is an example of organization. This definition fits well with private enterprise in that the managers or shareholders may benefit greatly from the organization’s business and sales. Functional Organization: Definition, Examples, Features, and Advantages July 8, 2019 By Hitesh Bhasin Tagged With: Management articles The functional organization is designed on the typical hierarchy system where position and job requirement of every employee is defined. Organization Management Definition Organizational management is a combination of many components of leadership within a company. The purpose of management is to serve customers. 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