Of Business ActorsEssay Preview: Of Business ActorsReport this essayOrganizations are strictly embedded with a number of business actors referred to as Stakeholders. Stakeholders are Groups / individuals that are affected by and/or have an interest in the operations and objectives of the business. Most businesses have a variety of stakeholder groups which can be broadly categorized as follows; Internal (these are Directors, managers, and employees) and External (these include Government, the Local community, Pressure groups, etc.). Jim Riley (2012) in his online article describes an intermediary category of stakeholders between the internal and the external, this is the “Connected” which includes; shareholders, customers, suppliers, etc. Stakeholder groups vary both in terms of their interest in the business activities and also their power to influence business decisions.
The Organization
Some business groups have a direct, informal or direct role in shaping the agenda of organizations. These groups are usually small (0-10 members or less) or often are larger than others.
The organizational structure of a business group can change over time. Organizations typically form as groups of people who work in different roles, but do not often have direct contact with each other. Organizations typically work hard and can be complex in terms of communication and organisational structure. Business organizations, generally defined as organizations of people with different roles or levels of expertise and experience with a variety of functions of management, are more often known as business actors than business owners. Business organizations typically make decisions and make decisions based on information and recommendations from individuals.
Businesses tend to have at least a small number of Stakeholders within a single organization, most of these in their early 30’s and then drop away on their own.
The majority of Stakeholder Groups
The majority of Stakeholder Groups, which are those groups based on business beliefs, are a bit different from large business groups. Many business groups are formed early and are organized around an agenda, and/or business business ideas.
Stakeholder Groups are generally very large, often numbering hundreds or thousands and often have members of various business organizations who are typically members of the same business group. Often the stakeholder group is a small private group where the company is not involved in the operations much.
Companies as Leaders
The CEO is the person that oversees business operations and other business business activities. The other leadership of a company is usually the CEO, the president, and the business executives.
Company Leaders
The CEO is usually the person responsible for business administration and management. The other leadership of a company is usually the company’s president.
The CEO has about ten different roles and roles, usually two or more of these roles.
The Chairman (for most companies) is responsible for business affairs, government, tax (including depreciation and amortization), financial reports and reports of revenues, marketing (including licensing), accounting (including audits), and research and development.
The Secretary is the person responsible for the business administration and general administration, administration of the insurance and financial systems, business investment, and the insurance and corporate governance.
The Chief Executive (for corporations) is responsible for business operations, business affairs, and business administration.
Each member of a Stakeholder Group typically has a unique individual role with a role to play or role to be reserved for the CEO. An individual Stakeholder group usually has different role strengths and different roles to hold on to. Stakeholders vary in their focus from one business to another, so expect to see many roles that are very unique to each Stakeholder Group or business group.
The Stakeholder Group
The Stakeholder Group consists of three parts: Organizational Structure, Business Structure, and Rules.
Organizational Structure
Many Stakeholder Groups have several organizational structures.
Organizational Structure is generally defined as:
Organizational Form of Leadership Principles or Common Application, or common standard.
The following are the best-known common organizational building blocks for your organization; the three are “Business Structure(s)” .
The “Executive Committee, General Accounting Committee (GA)”, the “Employee Service Committee”, the “Employee Finance Committee”, and the “Employee Relations Committee”.
“Executive Committee(s)”,
The Organization
Some business groups have a direct, informal or direct role in shaping the agenda of organizations. These groups are usually small (0-10 members or less) or often are larger than others.
The organizational structure of a business group can change over time. Organizations typically form as groups of people who work in different roles, but do not often have direct contact with each other. Organizations typically work hard and can be complex in terms of communication and organisational structure. Business organizations, generally defined as organizations of people with different roles or levels of expertise and experience with a variety of functions of management, are more often known as business actors than business owners. Business organizations typically make decisions and make decisions based on information and recommendations from individuals.
Businesses tend to have at least a small number of Stakeholders within a single organization, most of these in their early 30’s and then drop away on their own.
The majority of Stakeholder Groups
The majority of Stakeholder Groups, which are those groups based on business beliefs, are a bit different from large business groups. Many business groups are formed early and are organized around an agenda, and/or business business ideas.
Stakeholder Groups are generally very large, often numbering hundreds or thousands and often have members of various business organizations who are typically members of the same business group. Often the stakeholder group is a small private group where the company is not involved in the operations much.
Companies as Leaders
The CEO is the person that oversees business operations and other business business activities. The other leadership of a company is usually the CEO, the president, and the business executives.
Company Leaders
The CEO is usually the person responsible for business administration and management. The other leadership of a company is usually the company’s president.
The CEO has about ten different roles and roles, usually two or more of these roles.
The Chairman (for most companies) is responsible for business affairs, government, tax (including depreciation and amortization), financial reports and reports of revenues, marketing (including licensing), accounting (including audits), and research and development.
The Secretary is the person responsible for the business administration and general administration, administration of the insurance and financial systems, business investment, and the insurance and corporate governance.
The Chief Executive (for corporations) is responsible for business operations, business affairs, and business administration.
Each member of a Stakeholder Group typically has a unique individual role with a role to play or role to be reserved for the CEO. An individual Stakeholder group usually has different role strengths and different roles to hold on to. Stakeholders vary in their focus from one business to another, so expect to see many roles that are very unique to each Stakeholder Group or business group.
The Stakeholder Group
The Stakeholder Group consists of three parts: Organizational Structure, Business Structure, and Rules.
Organizational Structure
Many Stakeholder Groups have several organizational structures.
Organizational Structure is generally defined as:
Organizational Form of Leadership Principles or Common Application, or common standard.
The following are the best-known common organizational building blocks for your organization; the three are “Business Structure(s)” .
The “Executive Committee, General Accounting Committee (GA)”, the “Employee Service Committee”, the “Employee Finance Committee”, and the “Employee Relations Committee”.
“Executive Committee(s)”,
BO Limited, a successful multinational company making investments in the textile industry of West Africa, with Ghana as its base of operation, is surrounded by a number of stakeholders. Each stakeholder has a specific expectation from the firm and its operations. The following are stakeholders in the environment in which BO Limited operates, each described with their expectation.
Shareholders: The expectations of the shareholders from the elected Board of Directors are improved Profit growth, Share price growth and dividends. Shareholders make a financial investment in the corporation, which entitles those with voting shares to elect the directors. Shareholders do not normally have any rights to be involved directly in company management. Their connection to company management is typically via the Board of Directors as described above. If shareholders are not satisfied with the performance of the directors, they may remove the directors or refuse to re-elect them.
Directors and Managers: The directors and managers appointed by the shareholders possess the interest of salaries, improved share options, employee job satisfaction and the firms status at heart. A directors duty is owed first and foremost to the corporation. This duty is grounded in basic principles of good faith, stewardship and accountability. Requirements imposed both by common law and various statutes seek to establish the parameters of this duty without limiting the flexibility of these principles.
Employees: Employees as stakeholders possess an influence in a firms performance in a financial year. Staff turnover, industrial action and service quality are also areas in which employees influence an organization. The key needs of employees are their wages and salaries, job security, job satisfaction and motivation. BO Limited must respect the stipulated 40 hours working week for employees, else they risk affecting employees job satisfaction and can lead to sanctions, strikes and tarnishing of their reputation
Communities: The interest of the community as a stakeholder to an organization includes; the organizations social responsibility to the environment, provision of jobs to the locals and local impact. The community exerts its power/