- This topic has 3 replies, 3 voices, and was last updated 7 months ago by binwong.
- December 2, 2019 at 9:15 am #554387zoesusu
I want to ask a question which confused me this afternoon.
What is the difference between an organisation and a company?
Which is contained in which?
I would appreciate it if you could give me an answer!December 19, 2019 at 10:20 am #556208faidonos
First what do you consider as organization? By that did you mean a large group of companies or a single company which has branches in many countries ?December 19, 2019 at 10:35 am #556209faidonos
Thereafter, The main diferent is that the company has a single perpose. To deliver something specificaly. Like McDonalds. Has made a burgers. The organisation from the other hand has many perposes. Is a signle company divided in many other companies with diferent perpose. Like Google. Provides a serching machine. and has a many other subsitiary which provide busines solutions through tools , TV stremings, Advertisments etc.
The question would may be, how can i treat a company and how can i treat the organisation. the organisation has more complex approached through audit than the company.March 3, 2020 at 9:55 am #563817binwong
“An organisation is: ‘a social arrangement which pursues collective goals, which controls its own performance and which has a boundary separating it from its environment’.
Here are some examples of organisations.
– A multinational car manufacturer (eg Ford)
– A local authority
– An accountancy firm (eg Ernst & Young)
– A trade union (eg Unison)
– A charity (eg Oxfam)
– An army”
The above is quoted from BPP Interactive Text, Paper FAB/F1 (For exams from 1 September 2015 to 31 August 2016), page 4.
“For the purposes of this Study Text, a company is an entity registered as such under the Companies Act 2006.
The key feature of a company is that it has a legal personality (existence) distinct from its members and directors.”
The above is quoted from BPP Study Text, Paper F4/Corporate and Business Law(English) ( Study Text for exams from 1 September 2015 to 31 August 2016), page 181.
As you can see the an organization might be a company, but a company is surely an organization.
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