What are organizations like in the new workplace?
-Organizations in the new workplace are challenging but also great opportunities for making real and positive contributions to society.
-Organizations are the principal source of careers and one's economic livelihood. (Therefore, it is important to study them and see how they function)
-Some of the skills that are needed to survive and thrive within an organization include: mastery, contracts, entrepreneurship, love of technology, marketing, passion of renewal. (See chart p. 12)
So, What is an Organization?
-An organization is a collection of people working together to achieve a common purpose.
-From society's standpoint, the purpose of any organization is to provide useful good/services that return value to society and satisfy consumers' need and wants in order to justify its continued existence. *****
-If it does not satisfy consumers needs and wants that particular organization is deemed pointless.
Organizations in Economic Terms
-In an economic sense, organizations are systems composed of interrelated parts that function together to achieve a common purpose.
Organisation
Organization Keeps you moving-Vin
Organization clears your path-Organizations are known as open systems. An open system transforms inputs from the external environment (land, labour, capital, technology, and information) into product outputs in the form of finished goods/services for the external environment to enjoy (consumers).
-The external environment is important to the organization because it acts as a supplier of resources and a source of consumers.
-So in any organization the consumer is king because the minute an organization produces something that a consumer does not want, it will be difficult to operate or stay in business over the long run.
-For an organization to perform well resources must be used well and the customers must be happy. This is known as value creation.
-If the organization can add value to the original cost of its resource inputs (finished...