Definition: Organizational Purpose is the main objective(s) that is (are) being pursued by an organization, as typically listed in its articles of incorporation or memorandum of association. It is the reason for having incorporated. A typical element of the OP of a commercial firm is to maximize long-term profits for the shareholders of the firm (shareholder value perspective).
MBA Brief offers accurate and concise definitions of MBA concepts, frameworks, methods and models.
We love to keep things really short, but provide links to learn more about your subject and to similar concepts.
© 2022 MBA Brief - Last updated: 30-9-2022 - Privacy | Terms