Organization and its types

Prepared by: Odilia Dias Intern at Al Anwar Ceramic Tiles Co.

Organization-Meaning
Social group which distributes tasks for a collective goal Systematic and managed to :
Meet needs Pursue collective goals on a continuing basis

Focus- Tasks, targets and actions Delegates roles, responsibilities, and authority to carry out defined tasks

Types of organizations

Profit

Non-profit

Profit organizations
Basic objective Profit
For e.g.
Retail stores Restaurants Insurance companies Real estate companies Private schools etc.

Classification of business organizations

Sole Proprietorship

Partnership

Corporations

Non-profit organizations
Focus Public or mutual benefit They can make profit But this profit must be used to
Carry organization purpose Self-preservation, expansion, or plans

Profit cannot be distributed to owners, members or other private people

Classification of Non Profit Organizations

Charitable Educational Scientific Religious

Literary/artistic
Other

Thank you