Question

What is organization? Explain the various types of organization with their feature.

Answer 1

Answer:

Explanation:

In economic terms organisation is a group of people with a particular purpose such as a business. a firm, company, etc are known as organisation.

Private sector  - the part of the national economy that is not under direct state control.

Public sector  - the part of an economy that is controlled by the state

Third sector  - the economic sector consisting of non-governmental organizations and other non-profit organizations  or Public–private partnership, a company jointly owned by government and private interests

Answer 2

organization

an organized group of people with a particular purpose, such as a business or government department.

7 types of organizational structures (+ org charts for implementation)

•Hierarchical org structure.

•Functional org structure.

•Horizontal or flat org structure.

•Divisional org structures (market-based,

•product-based, geographic)

•Matrix org structure.

•Team-based org structure.

•Network org structure.