Stakeholders, Categories & Responsibilities of Organizations

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Activity 3-Stakeholders, Categories & Responsibilities of Organizations

1. Describe the basic features that distinguish the four basic forms of business ownership: sole proprietorships, general partnerships, C corporations, and limited liability companies.

Ownership of C corporation is represented by shares of the stock, or shareholders, it is the most common type of the business, where ownership to the shareholders offers a limited liability to all its owners.
Limited liability companies are those companies who have the form of the partnership, in which all the partners have the right to participate in management and have the limited liability for company debts. A general partnership is a partnership (with 2 partners more
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Where does personal responsibility end and corporate responsibility begin? How does your response change across specific industries? What role (if any) do you believe the government should play? Develop a rationale for each of your answers.

In early 1960’s, President Kennedy has defined the concept of consumerism- social movement with the focus on four (4) basic human rights. Right to be safe, right to be informed, right to choose, right to be heard. According to these basic rules, the organizations try to provide responsibility to the customers, and in the time of the globalization and the increasing amount of competitors the services should be done in the best way, otherwise the customers can be lost. In my opinion, both, the customer and the organization which provides goods is responsible for the product. I have discussed the responsibility of the organization but the personal responsibility begins from the moment of choosing. Actually, we live in the free trade world and even though there is an external pressure, such as mass media to our pinions, we have our own heads. Of course, organization is responsible for what is written, but we have to think as well. It is written that alcohol is bad for liver and is not sent to the children under 18 (21). But still it is done and here comes the problem of the lady in the shop and the problem of parents ho did not tell their baby all the consequences. The same relates to every product. I mean if it is written
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