definition
strict definition
division
A sub-organization within a company acting as an individual firm in relation to a structure or complex.
Divisions are sub-organizations within a company which act as individual firms with regard to their role in a structure or complex.
The division remains part of the larger company while having a distinct organizational role in the work concerned. Its identity as a sub-organization does not require a separate incorporated company.
A branch is an office subordinate to a company's home office. A division instead describes the organizational unit and its individual role, rather than merely the location of an office.
Related definitions
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branch
A national, regional, or local office subordinate to a company's home office, excluding an independent subsidiary. -
brand
A registered trademark used by a company to establish product identity among consumers. -
consortium
A named partnership of two or more firms working together on a particular building or project. -
fund
A collective investment scheme which spreads ownership among several investors. -
group of companies
A corporate union or association of multiple companies which retain their separate identities. -
headquarters
The main or only office of a company, ranging from a single-office firm to a worldwide headquarters. -
individual
A single person acting in the role of a company with respect to a structure or complex.