Definition of Commercial Organization

by Neil Kokemuller - Updated September 26, 2017
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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.

About the Author

Neil Kokemuller has been an active business, finance and education writer and content media website developer since 2007. He has been a college marketing professor since 2004. Kokemuller has additional professional experience in marketing, retail and small business. He holds a Master of Business Administration from Iowa State University.

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