What is the definition of company by different authors?

Answer 1

A legal entity, allowed by legislation, which permits a group of people, as shareholders, to apply to the government for an independent organization to be created, which can then focus on pursuing set objectives, and empowered with legal rights which are usually only reserved for individuals, such as to sue and be sued, own property, hire employees or loan and borrow money.

Answer 2

1. Peter Drucker defines a company as an organization that creates and delivers value through goods or services, involving the coordination of resources such as people, capital, and technology.
2. Michael Porter describes a company as a group of individuals working together to achieve a common goal, usually through producing products or services for customers in exchange for revenue.
3. Philip Kotler views a company as an entity that designs, produces, and markets products or services to satisfy the needs and wants of customers while also balancing profitability and societal impact.