Understanding Organizations and Organizational Effectiveness

An organization is a tool people use to coordinate their actions to obtain something they desire or value, and it can also be defined as a response to and a means of satisfying some human need.

An example of a non-profit organization is a healthcare organization, which addresses the societal need for medical care.

Entrepreneurs play a crucial role in identifying unmet needs or opportunities in the market and taking the initiative to create organizations to address them.

<p>New organizations are established when new technologies become available, new needs are discovered, or when entrepreneurs identify unmet needs or opportunities in the market.</p> Signup and view all the answers

<p>Organizations evolve or die when the needs they satisfied are no longer important or when other needs have replaced them.</p> Signup and view all the answers