Organization theory and design: Lecture 2

Organization theory and design: Lecture 2 provides students with content about: what is an organization; importance of organizations; adapt to and influence a changing environment; create value for owners, customers, and employees;... Please refer to the lesson for details!

What is an Organization?

• Organizations are social entities that are goal directed, are designed as deliberately structured and coordinated activity system, and are linked to the external

environment

Lecture 2

Organizations are:

• Social entities

• Goal directed

• Designed as deliberately structured and coordinated activity system

• Linked to the external environment

Importance of Organizations

• Bring together resources to achieve desired goals and outcomes

• Produce goods and services efficiently

• Facilitate innovation

• Use modern manufacturing and computer-based

technology

• Adapt to and influence a changing environment

• Create value for owners, customers, and employees

• Accommodate ongoing challenges of diversity, ethics, and the motivation and coordination of employees

• Example of a bank