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(Social responsibility management, Taxonomy of Organizations, External…
Social responsibility management
Task: To help their organization 'fits' with its environment.
Business should be transacted
Business should be managed
Two views
The classical view (conventional)
The socio-economic (sustainable)
Taxonomy of Organizations
For-profit Organizations
Non-incorporated Organizations
Sole proprietorship
Partnership
Incorporated Organizations
Private Limited Companies
Public Limited Companies
Legal entity
Managed by board of directors
Non-profit Organisations
Charities
Tax exemptions
Employees
Volunteers
Paid staff
Market-rate
Below Market-rate
Low cost operations
Government
Funded by Tax Revenue
Strict budget
Supply products which isn't provided by private sector
Merit Goods
Public Goods
Increased productivity
Value maximisation
incorporated organizations
two types: private and public
shares owned by private individuals and not avaliable to public
2.anyone can purchase shares by a stock exchange and often a consequence of growth
advantage: limited liabilities and access to greater capital
disadvantage
limited liabilities
entice investor
grow investment
broken into shares, agents manage shareholders interests, organizations asstes
External Environment
Limited liability
Greater capital