Difference between Organisation and Industry

Key Difference: An organization is a group of people working together for a purpose. An industry is any part of the business of producing or making goods with hard work and great effort.

Organisation and Industry are interrelated with each other. Without the help of an organization, industry cannot form and if the industry does not form, the organization cannot reach its goal.

An Organisation is a joint venture and is run by many people. The organization is run by direct or indirect investments. Organisation is in a larger form, and comprises of a number of firms. It has certain goals to reach and is connected to an external environment. It is derived from the Greek word organon which means ‘organ’ – a section of a particular task.

According to BusinessDictionary.com, an organization is, “a social unit of people that is structured and managed to meet a need or to pursue collective goals. All organizations have a management structure that determines relationships between the different activities and the members, and subdivides and assigns roles, responsibilities, and authority to carry out different tasks. Organizations are open systems--they affect and are affected by their environment.”

There are lots and lots of people working in an organization. They are - Chairman or Board of Directors, Dean, Head of the Department, Finance Officer, Accounts Manager, Administrative Officer, Project Manager, Employees, and so on.

An Industry is any part of the business for producing or making goods with hard work and great effort. It can be classified into different level, so that it will be easy to understand.

Primary: Primary means first. These are small industries that produce raw materials from which useful items can be made.

Secondary: Secondary means second. These are those industries, which through processing and manufacturing, change raw materials into a useable materials.

Tertiary: Tertiary means third. These industries include transportation, finance, education, retail, and other services.

Quaternary: Quaternary means fourth. These industries are creation and transfer of information, including research and training.

Quinary: Quinary means fifth. These industries control the industrial and government decision-making process.

According to BusniessDictionary.com, industry is, “the manufacturing or technically productive enterprises in a particular field, country, region, or economy viewed collectively, or one of these individually. A single industry is often named after its principal product; for example, the auto industry. For statistical purposes, industries are categorized generally according a uniform classification code such as Standard Industrial Classification (SIC).”

There are many types of industries - Electronics Industry, Agriculture Industry and Chemical Industry, Manufacturing Industry, Cotton Industry, Steel Industry, Oil Industry and Mining Industry.

Organisation is a place where different people come together to work for the benefit for the society, whereas, industry is a place where people work in group for the development of a country. Organisation is more of a master mind than a physical activity. Industry is more of a physical work because it needs to fulfill desire goals of an organization.

Image Courtesy: upload.wikimedia.org, zombiegamer.co.za

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That was just perfect to understand

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