A business organization, an organization established for the purpose of conducting trade business. Such organizations are based on legal systems governing contracts and exchanges, property rights, and incorporation.
A legal entity is a legal entity separate from the person who owns it. An additional legal barrier is created between you and your business entity that a sole proprietorship or general partnership cannot achieve. This is one reason why entrepreneurs are a common form of business organization.
Good organizations have clearly defined objectives and foster an attitude that objectives are more important than processes. This means managers are not just looking at whether employees are following procedures, but how effectively they are doing their jobs.
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