Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

ORGANIZATIONAL PLANNING

This process entails staffing and resource allocation to immediate and long-term goals, and is one of the most vital responsibilities of a management team.

ORGANIZATIONAL POLITICS

Selfish pursuit of individual agendas by members of an organization, with no regard to the impact on the organization?s stated goals.

ORGANIZATIONAL STRUCTURE

A typically hierarchical framework of authority, accountability, communication, and allocation of responsibility. Organizational structures should reflect the goals of the organization if they are to be successful.

ORGANIZATIONAL UNIT

Teams, groups or departments within an organization with specific functions and objectives, and with their own allocated resources.

ORGANIZED

1. To employ a logical system to structure otherwise random or chaotic elements. 2. To operate in an efficient or methodical manner.

ORGANIZED CRIME

Long-term criminal activity conducted in a structured and systematic manner, with the aim of generating illicit income. The activities and techniques vary, often involving violence, theft, fraud and trade in illicit items

ORGANIZING

1. The arrangement of several entities into a logical pattern or structure. 2. Pulling together the resources necessary to achieve shared objectives.

ORIENTATION

Initial induction of new employees into organizations. Objectives include developing employee commitment, easing anxiety, promoting organizational expectations and explaining what the employee can gain from working with the organization.

ORIGINAL BILL

A bill of exchange that has not yet attracted any endorsements.

ORIGINAL BILL OF LADING (B/L)

B/L that is used when delivering a shipment or to file a claim for damaged or lost goods. Other copies are only for records.

ORIGINAL EQUIPMENT MANUFACTURER (OEM)

1. Company that manufactures or produces complete end products or subassemblies used within end products. 2. Computers: A custom manufacturer who puts together and sells whole computer systems, rather than simply producing

ORIGINAL ORDER

A customer?s first order with a company, used by marketers to gain understanding of new customer behavior.

ORIGINATING FLIGHT

Listed at the top of airline tickets, this is the first flight in an itinerary.

ORIGINATION FEE

This charge is imposed by a lender on a borrower to cover costs incurred during the mortgage application.

ORIGINATOR

This company writes loans for multifamily / commercial properties.

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