Business Organisations and their Stakeholders 1 Flashcards
(36 cards)
What is an organisation?
A social arrangement for the achievement of goals, with a boundary to separate it from the environment
Why do organisations exist?
To achieve results that individuals are not able to achieve by themselves
What do all organisations have in common?
Pursue a variety of objective and goals
Different people to different things or specialise in different activities
Keen to achieve good performance, and meeting or improving their standards
Contain formal, documented systems and procedures which enable them to control what they do
Most organisations contain inputs and process them into outputs for others to buy
How do organisations differ?
Ownership: private sector vs public sector
Control: owners vs managers
Activity: manufacturing vs services
Profit vs not for profit orientation
Legal form
Size
Sources of Finance
Technology
What is an organisation?
A social arrangement for the achievement of goals with a boundary to separate it from the environment
Why do organisations exist?
To acheive goals that individuals are not able to achieve by themselves
What do all organisations have in common?
Pursue a variety of objectives and goals
Different people do different things or spec in one activity
Keen to achieve good performance, meeting or improving their standards
Contain formal, documented system and procedures to enable them to control what they do
Obtain inputs to convert into outputs.
How do organisations differ?
Ownership: private vs public sector
Control: owners vs managers
Porfit vs not for porfit orientiaton
Technology: use of technoogty and compexity od production
sources of finnace: shres, anks and govenrment funding.
What is the essence of os?
Private sector vs hrpublc dsectprnwh sis
Why do orgs exist?
TO ACHEIVE RESULTS THAT IND ARE NOT ABLE TO ACHIEV EBY THESMEVLS
Wht is at tke for lender?
oney invested into the busiens.
What is an organisation?
A social arrangment for th achievent of goals, with a boundary to separete it from the eneivonrment
why do orgs exist
To aheive goals that ind are not able to by thesmevles
what is at stake for elnders?
Money invested into the business
what is an organiaton?
A social arragnegemtn for the achievemnt og goals, with a boundary
y do orgs eits
To acheiv goals that ind cannot by thesmels
What is an organisation?
A social arrangement for achievent of goals, with a bounadry to sep it from the envrionent
Why do organisations eist?
To achieve goals that ind are not able to achieve by thesmelves
What is at stake for lenders?
Money invested into the business.
what is the way IN whcih orgaisations differ?
several ifferent ways - profit vs nonprofit oreintation which is keyand improtnt ot neto
What is an organisation?
A social arrangement for the ach of goals with a bundary to sepearete it from the envonment
What is at stake for lenders?
Moen yinested into the busines s whch is key and impotrtato ntoe
Whay is an organisation?
A social arrangemtn for the ach of gls with a bond
why do orgs exist?
To acheve goals that ind re not able to by thesmelves
