BUSS1000 Lecture Notes - Lecture 2: Market Orientation, Offshoring, Startup Company
18 Jul 2018
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Learning objectives: defining some key terms, stakeholders, vision, mission, and values, role of business in society, profit maximisation, csr, csv, se. Organisation: a group of people who work together in an organized way for a shared purpose. Company: an organization that sells goods or services in order to make money. Corporation: a large company or group of companies that is controlled together as a single organization. Business: a particular company that buys and sells goods and services. Stakeholder: an organization or a person such as an employee, customer, or citizen who is involved with an organization and therefore has responsibilities towards it and an interest in its success. In short, anyone who has an interest in a business. A stockholder is a person who owns shares in a company and therefore gets part of the company"s profits and the right to vote on how the company is controlled. So, all stockholders are stakeholders, but not all stakeholders are stockholders.
