Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
4 Cards in this Set
- Front
- Back
- 3rd side (hint)
|
Organization |
Social arrangement for controlled performance of collective goals ( Buchanan & Huczynski) |
Social Arrangements |
|
|
Need for an Organisation |
Through Organization we can ● Share Skill and knowledge ● Specialise ● Pool Resources |
Benefits of organisations |
|
|
Type of organisations |
●Profit Oriented> maximise owner wealth > detailed objective as how to maximise owner wealth. ● NFP Oriented> maximise benefits of beneficiaries> Economy, Efficiency, Effectiveness |
Profit vs NFP |
|
|
What are Economy, Efficiency , Effectiveness |
Economy= Controlling Cost Effectiveness= Measure of achievement by reference to the objectives Efficiency= Achieving objective at minimum cost. |
|
