An organization or organisation (Commonwealth English; see spelling differences) is an entity —such as a company, or corporation or an institution (formal organization), or an association —comprising one or more people and having a particular purpose.
You can use the word organization to refer to group or business, or to the act of forming or establishing something. It can also refer to a structure for classifying things or to a system of arrangement or order.
Explore the seven organizational structure types, complete with examples. Understand how to choose the right structure to optimize your organization's performance.
There are nine meanings listed in OED's entry for the noun organization, two of which are labelled obsolete. See ‘Meaning & use’ for definitions, usage, and quotation evidence.
An organization is a collective of individuals united by a common goal. Whether hierarchical, functional, or flexible, the chosen structure is crucial in supporting the organization’s mission, values, and vision.
Each type of organization has unique accounting practices, reporting requirements, and legal considerations, making it essential to understand these distinctions for proper financial management and decision-making.