ADM 1301 Chapter Notes - Chapter 3-4: Stakeholder Management, Non-Governmental Organization
Document Summary
Adm 1301 chapter 3 and 4 textbook notes. Pluralistic society: a society where influence is decentralized by dispersing power among many institutions. Owners: groups or people who invest in a company or a corporation in the form of equity (shareholders) Directors: elected by a shareholder and this person represents their collective interests. Suppliers: corporations who provide materials, components or any type of finishes materials to a company. Business organization: joining together to form millions of organizations. Competitors: firms that are competing and who sell the same products. Joint-venture participants: partners who join in and cooperate in a particular project. Non-governmental organization: groups outside or public and private sectors who have shared values about a particular topic/issues controlling society. Normative stakeholders: the organization has an obligation and stakeholders from whom the corporation will voluntarily accept benefits. They have power over the corporation and could possibly exert a harmful influence. Geo: examines how each stakeholder may influence the company.
