Wednesday, 25 April 2012

FORMAL VS INFORMAL ORGANIZATION

An organization is a social unit in which two or more people interact to achieve a common goal. A formal organization is the literal structure of the organization including its organization chart, hierarchical reporting relationships and work processes. The informal organization is the informal working relationships that develop in organizations. There are no formal hierarchy or line of authority as in formal organization. This informal working relationship contributes to the working culture of an organization.

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FUNCTIONS OF MANAGEMENT

All managers in an organization perform the four functions of management that is planning, organizing, leading and controlling, These fu...