A variety of organizations with unique and unprecedented designs and structures have emerged in recent times. Such organizations adopt rare business strategies and establish uncommon commercial networks to remain competitive. Understanding these organizations and their behavior has become dynamically challenging. Also, organizations adapt dynamic shapes and forms in order to survive in vuca business world and complex societal norms. In modern times, organizations are supposed to cater to not only commercial and economic needs, but also environmental and social obligations of diverse stakeholders. Current edition of understanding the theory & design of organizations draws from seminal and modern literature and attempts to provide deeper understanding about the organizations.