Forms of Business Organization Western Governors University The study of business organization is a study of complexity: as each business is different‚ each form of business organization is also unique. From a local hot-dog vendor to a trucking company‚ from a restaurant to a multinational‚ each business has different legal‚ moral and ethical concerns‚ and there is no "one-size-fits-all" approach to determine how a business should best be organized. Take the first two businesses
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www.ccsenet.org/ass Asian Social Science Vol. 8‚ No. 10: August 2012 Managing Stakeholders: An Integrative Perspective on the Source of Competitive Advantage Minyu Wu’ ’ School of Business‚ Curtin Universify Sarawak‚ Sarawak‚ Malaysia Correspondence: Minyu Wu‚ School of Business‚ Curtin Universify Sarawak‚ CDT 250‚ 98009 Miri‚ Sarawak‚ Malaysia. Tel: 60-8-544-3844. E-mail: minyu.wu@curtin.edu.my Received: March 19‚ 2012 doi:10.5539/ass.v8nl0pl60 Abstract Despite the enormous amount of academic
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Steps in Identifying Stakeholders Identifying all of a firm’s stakeholders can be a daunting task. In fact‚ as we will note again shortly‚ a list of stakeholders that is too long actually may reduce the effectiveness of this important tool by overwhelming decision makers with too much information. To simplify the process‚ we suggest that you start by identifying groups that fall into one of four categories: organizational‚ capital market‚ product market‚ and social. Let’s take a closer look at
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Stakeholders A stakeholder is a person‚ group or organization that has interest or concern in an organization. Stakeholders can affect or be affected by the organization’s actions‚ objectives and policies. There is two different types of stake holders‚ these are internal and external. Internal stakeholders are people who are on the inside of the business that already serve the organisation‚ these include staff‚ managers‚ board members etc. external stakeholders are from outside of the company but
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For the third simulation the two profit organization had to create a calendar using two colors. One of the colors out of the two would give a team an upper hand in the simulation. My organization which is the non-profit Goodwill. In the simulation we sold goodwill but we also had the upper hand because we knew the color that would better the chance of an organization winning. Since we knew the color we could charge both profit organizations money so that one of them could have a better chance winning
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2. An elementary school teacher purchased a ream of art paper‚ a box of crayons‚ and some modeling clay. The teacher intends to use these products in her classroom‚ so they would be classified as business products. 3. Convenience products‚ though inexpensive‚ still require considerable shopping effort by buyers. 4. Given the many differences in majors available‚ living options‚ and image differences‚ universities would be classified as a heterogeneous shopping product for most people.
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The New Measures for Improving Nonprofit Performance Published: | December 14‚ 2011 | Author: | Julia Hanna | Executive Summary: In this era of scarce economic resources‚ the pressure on nonprofit managers to show quantifiable results is greater than ever. Alnoor S. Ebrahim and philanthropist Mario Morino discuss the differences and similarities between performance measurement in the for-profit and nonprofit sectors. About Faculty in this Article: Alnoor Ebrahim is an associate professor
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a process guided by the environment. Organization needs to change its structure as well as the system to meet the goals and the mission. Basically‚ Organizational change is in subject to organization structure change‚ as just opposite of smaller changes just like recruiting a new employee‚ modifying and altering an equipments and machineries etc. Organizational structure change can be included a change in vision‚ mission and its strategy‚ restructuring business processes‚ change in the way of operations
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aspect to entire the business are ethical‚ truthful‚ and dependable. McDonald was conduct by their Board of Director that insure their act in the best interest. Apart from that‚ takes a proactive approach to enforcing their global food service. For the Global Perspective‚ McDonald has developed a strategy for operating their fast food enterprise. First‚ McDonald is not rely merely on its brand success in Unite State. Second‚ McDonald should attune their brand and also understand what the local cultures
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making profits. If a business stays within the law‚ it is encouraged to do anything and go to any means necessary to maximize the bottom line. Other aspects such as customer happiness‚ impacts on society should not be its main concern. Porter and Kramer on the other hand suggest that we can create shared values in other words we can create economic value simultaneously by creating societal benefit and vice versa. Theoretically‚ Friedman’s analysis makes a great deal of sense because doing what is
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