Computer Science Essay

9859 Words Oct 22nd, 2014 40 Pages
PART A: THE BUSINESS ORGANISATION, ITS STAKEHOLDERS AND THE EXTERNAL ENVIRONMENT

Study Guide
A1 The purpose and types of business organisation (a) (b) (c) (d) (e) Define ‘business organisations’ and explain why they are formed. Describe common features of business organisations. Outline how business organisations differ. List the industrial and commercial sectors in which business organisations operate. Identify the different types of business organisation: (i) (ii) (iii) (iv) (v) Commercial Not-for-profit Public sector Non-governmental organisations Cooperatives

Intellectual level

K K K K K

A2 Stakeholders in business organisations (a) Define stakeholders and explain the agency relationship in business and how it may vary in
…show more content…
They should therefore be kept informed. Community representatives and charities might fall into segment B. Minimal effort is expended on segment A.

(d)

A single stakeholder map is unlikely to be appropriate for all circumstances. In particular, stakeholders may move from quadrant to quadrant when different potential future strategies are considered. Stakeholder mapping is used to assess the significance of stakeholder groups. This in turn has implications for the organisation. (a) (b) (c) The framework of corporate governance should recognise stakeholders’ levels of interest and power. It may be appropriate to seek to reposition certain stakeholders and discourage others from repositioning themselves, depending on their attitudes. Key blockers and facilitators of change must be identified.

Each of these groups has three basic choices.    Loyalty. They can do as they are told. Exit. For example by selling their shares, or getting a new job. Voice. They can stay and try to change the system. Those who choose voice are those who can, to varying degrees, influence the organisation. Influence implies a degree of power and willingness to exercise it.

Existing structures and systems can channel stakeholder influence. (a) (b)

Related Documents