Organisational Change

Summary

• Business means what keeps a man busy. Any activity, which has regularity, profit motive, element of risk and followed by sales, is known as business. Nowadays, the prime objective of business is not only to earn profit but to get maximum customer satisfaction.
• Organisation is mechanism or a basic framework enabling persons to work together effectively and achieve the set goals through integrated group efforts. There is great importance of individual objectives in the organisation. There is a reciprocal relationship in the organisation between the individual needs and the organisational performance.
• Organisational structure is the formal framework of the organisational operations. The common designs are: simple, bureaucratic, matrix, ...