Executive Summary:
Organizations are social entity which created for the welfare of the people of the country. The name of the organization determines their basic objectives, their roles and responsibilities toward several groups of stakeholder’s .Stakeholders play an important role in satisfying the needs of customers through organization. Monetary and fiscal policies are determined by the governmental authority of the country which determine the level of money supply, the demand for money ,exchange rate which is applicable in certain situations, interest rates appropriate in a given situation , the rate of employment, equilibrium point determined by the supply and demand.
Table of contents
Introduction…………………………………………………………………………………………..3
1.1Identification of the purposes of different types of organization considering their legal structure and types (private company, public company, voluntary organisation, co-operative, charitable)...............3
1.2 Description of the extent to which an organization meets the objectives of different stakeholder…….4
1.3 Explanation of the responsibilities of an organization and strategies employed to meet stakeholder interests, conflict of expectations; satisfying stakeholder objectives...........................................................4
2.1 Explanation of how economic systems attempt to allocate resources effectively……………………..5
2.2 Assessment of the impact of fiscal and monetary policy on business
The purpose of this paper is to recognize the definition and what a stakeholder is and what it does. I will also explain the two groups of the stakeholders and put the stakeholders in the group where they belong. I will explain what the stakeholders responsibilities are, what their ethical responsibilities to the company. Will explain what would be the appropriate response to the situation in the company. And finally explain what Joe should propose to the management team and how Joe should support his proposal.
Describe goals and objectives as they apply to business. pg 181-182; wk 6 lecture, pg 1
Assignment Brief: Add a further section to your article that provides an in depth explanation covering the points of view of the different stakeholders and provide a clear link between these points of view and the aims of the two organisations. For each stakeholder you have identified, explain how much influence they have on the aims and objectives of the two organisations.
People often think of stakeholders as people with a monetary stake in an organization, but not necessarily true anymore. In the past, people considered stakeholders the people with a financial stake in the organization that would receive profits from the success of the business. Today stakeholders cover a much broader spectrum of people such as funders, administration, staff, volunteers, community, and the target population (Yuen/Terao, 2003). Each group of stakeholders has his or her influence on the program plan as well as the success of a human service organization and programs services (Yuen/Terao, 2003).
For this task I have been asked to discuss the stakeholder’s aims and objectives of my two businesses. It is important for stakeholders to have an influence as they can offer ideas and anything the company is doing is in their interest.
It is vital that every organization is able to accurately identify their stakeholders, whether it is a for profit or a non-profit organization. One of the most important reasons for identifying and understanding stakeholders is that it allows the organization to recruit them as part of their efforts and learn firsthand on their needs and requirements (Rabinowitz, 2014). We live in an uncertain world where
i – A stakeholder can be an external or internal figure who affects or is affected by any actions, objectives or policies put into place by a business. For example, a creditor or owner. An internal stakeholder would be someone within the business who's affected by decisions made, such as an employee rather than an external stakeholder who would be someone on the outside of the business who is interested in it’s success. A stakeholder will require useful financial information about the business, as well as information about their future position and how things may change, for example any changes to employment or income that may be imminent.
Every stakeholder have their own process and roles, it can affects or can be affects by organization’s action. All stakeholders have own satisfied and unsatisfied (appendix 2).
* The interest each stakeholder has in imposing its expectations on the organisation’s purposes and strategic choices
?A stakeholder is a person such as an employee, customer, or citizen who is involved with an organization, society, etc. and therefore has responsibilities towards it and an interest in its success? (Cambridge
In this paper, a stakeholder is the key to the program, where their decision is affected by the actions and decisions that are made by the organization. Stakeholders take interests in various areas of the operations of any business, but having a well put together program plan will help make
All relevant information used is stated using referencing and also listed in the Bibliography. In addition, the Internet and subject related textbooks were used to further research on the topic. This report is due on Thursday 2nd December 2004 for the attention of Tricia Price, from The Department of Trade and Industry at approximately 6.00pm. 3.0 Analysis of Organisations:
This project will explain in detail the structure of those organisations,list the documents required to set up every single one of them and will also mention about financial accounts needed to inform stakeholders about the business activities.
Strategic Planning is one of the most fundamental factors in the success of an organization. This research project will discuss the importance of strategic planning as well as the different components of strategic planning. Many organizations fail to accomplish their goals and tasks due to the lacking of strategic planning. In order for their businesses to be successful, organizations need to be well informed about how the strategic planning process works.
Part of EnerMech’s strategy is to expand its global footprint into the western hemisphere, due to the location of the oil in gas in politically unstable countries for example Brazil and Colombia. Since 2010, oil production has flattened out entirely. In 2013, Brazil averaged only 2.7 million bpd of oil production, which is where it was three years ago. This is due to corruption and money laundering in the major Brazilian oil producing companies. http://oilprice.com/Energy/Energy-General/Problems-At-Petrobras-Mount-As-Brazils-Oil-Production-Stagnates.html Local content legislation is also obstructing production. With