Business Organization and their stakeholders
● Definition:
- Business Organization– A social arrangement to achievecollective goals through
controlled performance.
- The three mains components of an organization:
Component Description NGO usiness
B
rganization
O
ocial
S group of people
A - harities
C - C ompanies
arrangement who have formal and - Government - Partnership
informal relationship - Cooperatives - Joint venture.
within the group. - Political
parties
- Association
- Professional
bodies.
-
● Definition:
- Business Organization– A social arrangement to achievecollective goals through
controlled performance.
- The three mains components of an organization:
Component Description NGO usiness
B
rganization
O
ocial
S group of people
A - harities
C - C ompanies
arrangement who have formal and - Government - Partnership
informal relationship - Cooperatives - Joint venture.
within the group. - Political
parties
- Association
- Professional
bodies.
-
