Business Terms & Concepts. Some Basic Definitions. An organization is a group of people within some structure who possess a common objective, usually expressed in a mission statement. Organizations may be: for profit (frequently referred to as “firms”) not-for-profit
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CompetitorsThe Organization and Its Environment
The Specific Environment
The General Environment
Management (5th ed.)
Robbins and Coulter
A) it produces value for the organization, and
B) it does this in a way that cannot easily be pursued by competitors.