What is an Organization & its Types
No Organization is Perfect in Design. Any Great Organization can suffer from major or minor issues due to the design of the organization itself. The key Purpose of the organization 100 years back was only to maximize shareholders wealth. But now, no organization can be sustainable if there is no “Purpose of Existence”.
Any Great Organization can suffer anytime if there are no constant review of the fundamental question as ” Why are we here and what is our Purpose”. Nobody has immunity to failure unless we address the fundamental question.
Even Fortune 500 great global companies may fail if there is a deviation from their Purpose and if they live in the world of comfort zone with fixed mindset.