Organization and Management

These refers to business organizations with few departments, centralized authority with a wide span of control, and with few formal rules and regulations.

• Profit business organizations

• Divisional business organizations

• Simple business organizations

• Functional business organizations

Main type of business organization with equal division of profits based on their agreement as partners.

• Sole proprietorship

• Partnership

• Corporation

• Cooperative

Main form of business organization with the capability to attract larger amount of capital

• transfer of stock ownership is easier

• Sole Proprietoship

• Partnership

• Corporation

• Cooperative

Main form of Business organization where owner is liable to all risks and losses.

• Sole proprietorship

• Partnership

• Corporation

• Cooperative

Main form of business organization that the major decisions cannot be done easily, even if urgent, without the approval of the Board of Directors.

• Sole Proprietorship

• Partnership

• Corporation

• Cooperative

These are business organizations designed for the purpose of achieving organization’s mission, vision, goals, and objectives, providing service to clients without expecting monetary gains or financial benefits for their endeavors.

• Non-profit organizations

• Divisional business organizations

• Profit business organizations

• Functional business organizations

Other forms of business organizations where a business organizational form with a flexible design, where the employees continuously work on projects assigned to them.

• Boundaryless business organization

• Virtual business organization

• Project business structure

• Matrix business organizations

Other forms of business organizations that is made up of a small group of full-time workers and outside experts who are hired on a temporary basis to work on assigned projects and members usually communicate online.

• Matrix business organizations

• Boundaryless business organization

• Team structures

• Virtual business organization

Business Organizations formed to meet today’s changing work environment.

• Profit business organizations

• Open/flexible business organizations

• Divisional business organizations

• Non-profit organizations

It is the increase in the given amount of goods and services produced by the country’s earning.

• Economic growth

• Economic development

• Economic development phases

• Inclusive growth