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WEEK 3: Managing in and Beyond Corporations - Coggle Diagram
WEEK 3:
Managing in and Beyond Corporations
INCORPORATED ORGANISATIONS
Organisations that are recognised on their own as a ‘legal entity’
Limited liability
Benefits: Liability limited to organisational assets alone, thus no private assets can be implicated
TYPES
Public
Shares owned by private individuals and not opened to public
Private
Anyone can purchase shares through stock exchange
Consequences of growth
Considerations
Advantages
Limited liability
Greater access to captial
Disadvantages
Little constraints and procedures
Investors not entitled to 100% of profits
NOT-FOR-PROFIT ORGANISATIONS
TYPES
Charities
Provide a product/service for a target group - not to extract profit
Staffing
Paid staff
Market rates
Below market rates (agreed by staff)
Volunteers
Operate on a lower cost base than for-profit enterprises
Government Organisations
Funded through taxpayer revenue and exists for their benefit
Supply goods/services that cannot be supplied by the private sector
Public Goods
defence
transport infrastructure
Merit Goods
health services
education
NON-INCORPORATED ORGANISATIONS
Organisations that are NOT recognised on their own as a ‘legal entity’
Unlimited liability
TYPES
Sole proprietor
Partnership
Social Responsibility Management
The classical view (
Conventional
)
traditional
focus on owners and managers
The socio-economic view (
Sustainable
)
focus on broader society
greater consideration of general environment
External environment stakeholders, and management of organisations
Stakeholders
Those who have a stake in the company, and are affected by the organisation's decisions, actions and policies