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Lecture 3

ADM1301 Lecture 3: Chapter 3

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Rumaisa Shaukat

Notes for Lecture Three Canadian Business in its Social Context Third sector is the least understood It is important for future managers to understand who the stakeholders are in the civil sector What is ‘civil society?’  Also referred to as the ‘third segment’ o Nongovernmental o Not-for-profit o Independent o Self-regulating, and o Reliant on some measures on the work of volunteers  The totality of voluntary and social organisation and institutes  In the third sector will also have to follow some of rules and regulation that business organisation have to follow, e.g. CSR  There are a lot of sorting mechanisms to differentiate this sector as well  Things that make this sector successful; network, volunteerism, social relationships, social development  Ultimate aim of the third sector is to improve the quality of life “Community”  “locality” and “common interests” o A group of individuals live in a specific neighbourhood that share a common interest in some issues  Shared characteristics, values, interests, goals that provoke a sense of belonging: o Closeness o Warmth o Protection o Engagement Civil Society (Social Segment)  Overall Characteristics  Compared to men women are more active in the third sector  Third sector evolved because of the areas that were ignored by gov’t and business Dynamics of the Civil Society Segment  They dynamics of the sector are somewhat different from the other two sectors  Competition can also be felt in that social segment: competition for gaining funding/volunteers Social Capital vs. Human Capital  Social capital is not human capital. The differences can be expressed as follows:  Social capital: networks and associated norms of reciprocity have value o Each individual goes beyond the norms or what is needed Some Simple Forms of Social Capital  Highly formal forms: e.g. labour associations; they are more formal because need more organizational structures  Highly informal forms:  Densely interlaced or comparatively invisible: groups that don’t interact a lot formally or informally but may help each other or talk to each other every now and then Five Roles of Civil Society  Monitoring through which policy is kept ‘honest’  Advocacy through which policy options can be supported or not supported  Innovator through which different ways of doing things are developed and demonstrated  Service provider through which a particular need is fulfilled  Capacity builder through which support is provided to other civil society organizations Civil Society- An important but complex segment with complex issues challengers and issues 1. Segment fragmentation:  the level of difficulty;  different organisation will have different issues that they manage;  the scope of 2. Funding  Funding is
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