Why to work in organizations?

People can be more productive when working in groups than when working alone. What Managers can do and
what Managers cannot do while managing people, organizations and society is the myths of management.
Basic purpose of the working or existence of organization is:
• Link individuals into relationships
• Allocate the tasks to fulfill the objective
• Allocate authority to perform individual tasks
• Coordinate the objectives and activities of separate units
• Facilitate the flow of work

Organization

An organization is not a random group of people who come together by chance. They consciously and formally establish it to accomplish certain goals that its members would be unable to reach individually. A manager's job is to achieve high performance relative to the organization's objectives. For example, a business organization has objectives to (1) make a profit (2) furnish its customers with goods and services; (3) provide an income for its employees; and (4) increase the level of satisfaction for everyone involved.
An organization is a social entity, which is goal orients and deliberately structured. Organizations are not functioning in isolated but are linked to external dynamic environment. Virtually all organization combines (1) Raw material, (2) Capital and (3) labor & knowledge to produce Goods and Services.

Types of organization

a) Formal: The part of the organization that has legitimacy and official recognition.
b) Informal: The unofficial part of the organization.