Organisation, Features/ Characteristics of organization

Organisation:

 The output is produced by bringing together the factors like land, labor and capital. The task of bringing them together by paying rent, wages and interest and using them properly is done by organisation. In an organisation, the functions like organizing, controlling, supervision, management and innovation is done by an entrepreneur. Organization may be defined as the attempt towards bringing the various factors of production into the most effective cooperation.

Characteristics of organization:

1. High Employee Morale:
Healthy organizations possess high employee morale. Employees value their positions in the organizations and desire to work there for a long time. Productivity is high and organizational events are enjoyable and successful.

2. Offers Training Opportunities:
Companies provide on-the-job training and opportunities for employees to enhance their work-related skills. Organizations bring in other individuals to provide necessary departmental and corporate-wide training. Companies also offer opportunities to pursue certification and continual education.

3. Leadership:
Good leadership is one of the main characteristics of a healthy organization. Employees have good relationships with management that are based on trust. Managers know how to get employees to function together. When correction is needed, employees readily accept the constructive criticism offered by leaders.

4. Handles Poor Performance:
Companies confront poor performance instead of ignoring it. Organizations take corrective actions to improve performance. Upper-level management values the input of employees who make suggestions on how to improve productivity and achieve high performance rates. Companies may even bring in specialists to detect problems and offer solutions.

5. Understanding Risks:
Healthy organizations understand the risks they are open to and take the necessary steps to protect themselves against them. When an event happens due to organizational risks, a healthy organization learns from the event. Companies use precaution but understand that risks are necessary to facilitate growth.

6. Adapts to Opportunities and Changes:
Healthy organizations know how to recognize and seize good opportunities. Healthy organizations always look for opportunities to grow. They also know how to adapt to technological or operational changes. They try to stay ahead or in line with changes in the industry and business environment.