Partnership/Stakeholder Mgmt Intro

Question 1

What are the 3 types of organizations?

Answer 1

Business, government, social

Question 2

What is a business?

Answer 2

• Corporation (Owned by shareholders, limited liability, has distinct “personality”, profit distributed vertically))
• Partnership (multiple owners, liability shared by owners, profit shared by partners)
• Proprietorship (single owner, liability is carried by owner, profit to owner)
• Cooperative (Owned by members, limited liability, DM by members, profit distributed horizontally)

Question 3

What types of government organizations are there?

Answer 3

Bureaucracies, agencies, corporations

Question 4

What type of social organizations are there?

Answer 4

Non-profit, non-governemental organization, voluntary associations

Question 5

Who do organizations serve?

Answer 5

• Public…. Serves common good
• Private… Serves selfish interests
• Public vs private- consequence of being on one side or the other

Question 6

What is a corporation

Answer 6

The modern corporation is the center of a network of interdependent interests and constituents, each contributing (voluntarily or involuntarily) to its performance, and each anticipating benefits (or at least no uncompensated harms) as a result of the corporation’s activities.

Question 7

Who are responsible for corporations?

Answer 7

Owners, investors, employees, costumers, suppliers, etc

Question 8

What are they responsible for in a corporation?

Answer 8

Traditional view
     Generate wealth
     Distribute risk
Stakeholder view
     Generate wealth
     Distribute risk
     Social value

Question 9

What types of wealth are there?

Answer 9

Traditional wealth
$$$
Normative wealth
- An outcome, not a means
- Orgs should take a wider view of wealth, and redefine it as a ‘value’ for stakeholders
-Includes $, but not limited to $

Question 10

Definition of a corporation

Answer 10

The corporation is an organization engaged in mobilizing resources for productive uses in order to create wealth and other benefits (and not to intentionally destroy wealth, increase risk, or cause harm) for its multiple constituents, or stakeholders