What defines an organized group that sets goals and makes decisions within a company?

A team is defined as an organized group of individuals who come together to achieve specific goals and make decisions collaboratively within a company. Teams typically possess a shared purpose and work together on tasks or projects, leveraging the skills and talents of each member to fulfill their objectives. This collaborative approach allows for effective problem-solving, innovation, and a more dynamic response to challenges, which is essential in a business environment.

In contrast, a committee often focuses on specific issues or functions and may not be as task-oriented as a team, while a department is a broader organizational unit that encompasses various teams and roles focused on a specific area of the business. A board usually refers to a group of individuals with oversight responsibilities regarding the direction of the company and does not operate on a daily task-level basis like a team does. These distinctions clarify why the concept of a "team" fits the description in the question more accurately.