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Managing in and Beyond Corporations - Coggle Diagram
Managing in and Beyond Corporations
Incorporated Organisations
Limited Liability
'Legal Entity'
Types
Private (Pty Ltd)
Public (Ltd)
Advantages
Limited Liability
Perpetual Succession
Access to greater capital
Disadvantages
Legal constraints and procedures
Investors are not entitled to 100% of profits
Non-For-Profit Organisations
Main Types
Charities
3 Types of staff
below market rates
Volunteers
at market rates
Government organisations
Goods/Services Supplied
Public goods
Merit goods
The External Environment, Stakeholders & Management of Organisations
'right thing to do'
customers
competitors
Suppliers
Public pressure Groups
Environment
General
Specific
Social Responsibility Management
Dominant Views
Classical View (convenional & traditional)
Socio-economic Viiew (sustainable)
For
Public Expectations
Long-run profits
Against
Violation of profit maximisation
Dilution of purpose
Social Obligation
Social Responsiveness
Non-Incorporated Organisations
Organisations that are not recognised on their own as a 'legal entity'
Types
Partnership
Advantages
Greater capital, breadth of skills and abilities
Tasks can be divided between partners
Disadvantages
Decisions by consultation
Limited independence
Sole proprietor
Advantages
Low cost
100% access to all profits
Disadvantages
Sole responsibility for tasks
Unlimited liability