BUSI 3103 Lecture Notes - Lecture 1: Industrial Revolution, Fiduciary, Iphone
23 Jan 2018
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Types of organizations: public organizations, these are organizations owned by the public and the government own fiduciary power. Benefiting the community and getting paid or money is involved: private for-profit organizations. Interested in making profit for their shareholders for whatever service or goods service they provide. Hence the priority are the shareholders: non-profit organizations, voluntary organizations and benefit the society or the community. Exit - for private organizations such as rogers. When you don"t like their service you can switch to something else i. e. bell. Voice - for public organizations such as oc transport, if the bus is constantly late, you can have the right to call and complain. Loyalty - for public organizations and partly for non-profit as well. If you like the work you are doing, you can continue and if you no longer have time you can leave. A division pf labour is required to achieve efficiency which means the conversion of inputs to outputs.
