bioindustry. n, pl-tries. 1. (Microbiology) an industry that makes use of biotechnology and other advanced life science methodologies in the creation or alteration of life forms or processes.1  Facebook.2  Twitter.ioindustry. n, pl-tries. 1. (Microbiology) an industry that makes use of biotechnology and other advanced life science methodologies in the creation or alteration of life forms or processes. 1  Facebook. 2  Twitter.
Organizing principle. An organizing principle is a core assumption from which everything else by proximity can derive a classification or a value. It is like a central reference point that allows all other objects to be located, often used in a conceptual framework.
Definition of Formal Organization. According to Chester Banard âan organization is formal when the activities are coordinated towards a common objectiveâ. He found that the essence of formal organization is conscious common purpose and that formal organization comes into being when persons:1  Are able to communicate with each other. 2  Are willing to act, and. 3  Share a purpose.haracteristics of Formal Organization. Following are the main characteristics of formal organization. 1  Organization structure stands on division of labor which brings efficiency in organizationsâ operations.