That is, the trustees act as the managers and the beneficiaries act as shareholders. An organization is a group of people who work together, like a neighborhood association, a charity, a union, or a corporation. The business structure states who owns the company, how profits are distributed and which managers perform what jobs. People often confuse a "data glossary" with a "data dictionary," which also defines data elements, their meanings, and their allowable values. The Glossary is published on the responsibility of the Secretary-General of Organization definition is - the act or process of organizing or of being organized. How to use organization in a sentence. together in order to achieve a particular aim to work for a business/political/voluntary organization the World Health Organization He's the president of a large international organization. The trustees own all property associated with the business. 2. an organized body, group, or structure. The ‘agile organization’ is also known as ‘the entrepreneurial organization’ and ‘the resilient organization’ and this kind of organization focuses on the customer which calls for customized rather than standardised offerings. There are several ways to organize a business. Each gives you different degrees of protection for liability, and each has different tax consequences. Most businesses are limited-liability companies. Business Glossary, sometimes called Data Glossary, is a list of business terms with their definitions. A generic term for any type of group or association of individuals who are joined together either formally or legally. The organizational structure of, for example, a company is a system used to define its hierarchy. A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. 1 [countable] a group of people who form a business, club, etc. Mintzberg, Henry (1981). It is the way in which a company or organization is organized, including the types of relationships that exist between the directors, managers […] Definition of organization noun in Oxford Advanced Learner's Dictionary. comprehensive health organization (CHO) a nonprofit health care agency in Canada, formed jointly by representatives of the community and of health care providers. Organization. Business organization, an entity formed for the purpose of carrying on commercial enterprise. Our glossary of business terms provides definitions for common terminology and acronyms in business plans, accounting, finance, and other aspects of small business. 3. the replacement of blood clots by fibrous tissue. Such an organization is predicated on systems of law governing contract and exchange, property rights, and incorporation. The Glossary has been compiled by R. S. Khemani, Adjunct Professor at the Faculty of Commerce and Business Administration, University of British Columbia, B. C., Canada and D. M. Shapiro, Principal, School of Community and Public Affairs, Concordia University, Montreal P.Q. It defines business concepts for an organization or industry and is … Each employee’s position is identified, including their function and who they report to within the firm. Such businesses are flexible, able to develop fast, and tend to entrust more powers (in terms of making decisions) to the employees. Organizing definition: the activity or skill of coordinating people and events | Meaning, pronunciation, translations and examples "organization theory," The New Palgrave: A Dictionary of Economics, v. 3, pp. Owl Books ISBN 0-8050-5649-1; Peter, Laurence J. and Raymond Hull. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. This is the British English definition of organization.View American English definition of organization. Learn more about business principles of operation. 757–60. Strategic Management Process is an ongoing process of five steps which defines the way an organization makes its strategy to achieve its goals. Search administrative organization and thousands of other words in English definition and synonym dictionary from Reverso. Businesses can be for-profit entities or non-profit organizations. The professional organizer turned editor has launched Organize magazine to bring mind-clearing ideas about clutter control to the masses, or at least to those willing to fork over $20 for a year's subscription to the Northboro-based publication, which comes out every other month. View the pronunciation for organization. Using Strategic Management Process, an organization decides to implement a selected few strategies along with stakeholders, details the implementation plan and keeps on appraising the progress & success of implementation through … Organization definition: An organization is an official group of people, for example a political party, a... | Meaning, pronunciation, translations and examples Most commonly, a business glossary presents a list of terms, what those terms mean in a particular business context, and which systems and processes actually use or rely on the term. "Organization Design: Fashion or Fit" Harvard Business Review (January February) Morgenstern, Julie (1998). (countable) A specific commercial enterprise or establishment. In the United States, there are six types of legal forms of business ownership from which to choose, from sole proprietorships to corporations. Change your default dictionary to American English. Industrial organization is a field of economics dealing with the strategic behavior of firms, regulatory policy, antitrust policy and market competition. What is Unincorporated business organization? organization [or″gah-nĭ-za´shun] 1. the process of organizing or being organized. ‘It was the first time these four business organisations have come together for such an event.’ ‘Rebuilding Together is a national non-profit organization dedicated to repairing homes for low income, elderly and disabled homeowners.’ It can be a self-sustaining, non-federal entity, constituted or established and operating on Federal property, by individuals acting outside any official capacity in the federal Government. Line organization definition is - the part of a business organization that forms an integrated whole concerned with the production of the goods or services that are the stock in trade of the organization —often distinguished from staff. Business Structure The way a business is organized. Definition: is an organization or a company that is able to successfully adapt to the rapid and unexpected changes that occur in its environment. Private Organization Law and Legal Definition Private organization refers to any person, partnership, corporation, association or agency which is not a public body that is operated for profit. I was left my father's business. What does Unincorporated business organization mean in law? Gartner Glossary Information Technology Glossary B Business Capability Modeling Business Capability Modeling Business capability modeling is a technique for the representation of an organization’s business anchor model, independent of the organization’s structure, processes, people or domains. organizational website definition on 12/14/2020 Total Views : 1 Daily Views : 0 12/14/2020 Total Views : 1 Daily Views : 0 Massachusetts Trust A trust whereby the trustee or trustees run a business on behalf of beneficiaries. ‘The organization, scope and structure of the committee has a significant impact in this regard.’ ‘A second model of membrane organization has developed in the past two decades.’ ‘Unfortunately, the layout and organization of the book make it very difficult to work with.’ An Agile Organization is one that is quick in responding to changes in the marketplace or environment. Glossary of Business Continuity Terms Term Definition References Note Activation The implementation of business continuity procedures, activities and plans in response to a business continuity emergency, event, incident and/or crisis; the execution of the recovery plan. Definition of Unincorporated business organization in the Legal Dictionary - by Free online English dictionary and encyclopedia. Beneficiaries may sell their position as beneficiaries. To start and run a business, you often need to understand business terms that may not be well defined in a standard dictionary. Search parent organization and thousands of other words in English definition and synonym dictionary from Reverso. We use cookies to enhance your experience on our website, including to provide targeted advertising and track usage. Definition and synonyms of organization from the online English dictionary from Macmillan Education. The term organization includes a corporation, government, partnership, and any type of civil or political association of people. Marshak, Thomas (1987). Meaning of Unincorporated business organization as a legal term. BCI DRJ See definitions for Invocation, Incident, Emergency, Event and Organizing from the Inside Out.