Definition of Commercial Organization

Save
A businesswoman points at a graph on a tablet computer.
A businesswoman points at a graph on a tablet computer. (Image: hershin/iStock/Getty Images)

An organization is a group of individuals who collaborate to achieve shared goals. A commercial organization is simply a business where the investors and employees share in the primary objective of making a profit. The company engages in some form of commercial activity, such as selling products or services, in exchange for payment.

Strategic Management

Strategic management is the process that takes place when the leaders of an organization meet to establish goals, strategies and tactics. In a commercial organization, executives meet to establish near-term and long-term objectives, form business strategies to achieve them, and delegate tasks and responsibilities. If a commercial organization produces a profit, its owners can share in the earnings or reinvest them for further growth.

Related Searches

References

Promoted By Zergnet

Comments

You May Also Like

Related Searches

Check It Out

Are You Really Getting A Deal From Discount Stores?

M
Is DIY in your DNA? Become part of our maker community.
Submit Your Work!