Corporate - The highest reporting entity without any organization above it (i.e., parent organization). Typically, management and the board of directors are responsible to shareholders for overall organization performance. Organizations who are structured as Joint Ventures should report themselves as corporate.
Subsidiary - An independent entity with a majority interest held by a corporate entity; often has multiple business units and is responsible for all organization functions. Although a subsidiary may ultimately roll up into a corporate entity, management performs all functions of a stand-alone organization and is accountable to the corporate organization for operations and financial performance. The subsidiary is a legally chartered entity with its own board of directors. Note: Hospitals who are majority owned by a college or university and organizations whose parent is structured as a holding company should report themselves as a subsidiary.
Group - An independent business unit consisting of multiple profit centers or divisions. The group is held accountable to a corporate entity similar to a subsidiary. The difference between the group organization type and subsidiary organization type is the group is not legally chartered and does not have a board of directors.
Division - An independent entity accountable for all organization functions typically for a select group of organization product lines. Generally, a division consists of a single profit center or operating unit that is fully accountable to the corporate, subsidiary, or group organization type.
Department - Specialized functional area within an organization or a division, such as accounting, marketing, planning. Generally, every department has its own manager and chain of command.
Team - A group of people with a full set of complementary skills required to complete a task, job, or project. Team members (1) operate with a high degree of interdependence, (2) share authority and responsibility for self-management, (3) are accountable for the collective performance, and (4) work toward a common goal and shared rewards(s).
Section - Distinct part or division of an organization.
Region - A type of company that has a customer base across a regional area and provides a variety of commodities, goods, products or services that are needed to a region and regional population.