MNG3701 Assignment 2
Purpose of Business Organisation - Answer✔️
✔️* To the Entrepreneur it is the profit he makes from his
business
* To the consumer it is the value of the service or product
* To employees it is their salary/wage earned
* To an organization it can be selling shares to shareholders
Stakeholders - Answer✔️ ✔️ Any person or group of people that have (or claim to have) an interest in an
organization and its activities.
Stakeholder Expectations - Answer✔️
✔️* Customers - quality products and good service
* Suppliers - payment on time
* Community - contribution in form of sponsorships or community projects
* Organized labor - treat employees with fairness, dignity and respect
Internal Stakeholders - Answer✔️ ✔️ Work directly within the organisation - business owners,
shareholders, investors, employees and management
External Stakeholders - Answer✔️ ✔️ Not directly associated with the organization - community,
government, organized labor (trade unions), customers, suppliers.
Triple Bottom Line (Expected from Organizations) - Answer✔️
✔️* Be profitable
* Take responsibility for the physical environment
* Meet is social responsibilities towards the community in which it operates
Manager - Answer✔️
✔️The person responsible for running a part of or an entire organization
Purpose of Business Organisation - Answer✔️
✔️* To the Entrepreneur it is the profit he makes from his
business
* To the consumer it is the value of the service or product
* To employees it is their salary/wage earned
* To an organization it can be selling shares to shareholders
Stakeholders - Answer✔️ ✔️ Any person or group of people that have (or claim to have) an interest in an
organization and its activities.
Stakeholder Expectations - Answer✔️
✔️* Customers - quality products and good service
* Suppliers - payment on time
* Community - contribution in form of sponsorships or community projects
* Organized labor - treat employees with fairness, dignity and respect
Internal Stakeholders - Answer✔️ ✔️ Work directly within the organisation - business owners,
shareholders, investors, employees and management
External Stakeholders - Answer✔️ ✔️ Not directly associated with the organization - community,
government, organized labor (trade unions), customers, suppliers.
Triple Bottom Line (Expected from Organizations) - Answer✔️
✔️* Be profitable
* Take responsibility for the physical environment
* Meet is social responsibilities towards the community in which it operates
Manager - Answer✔️
✔️The person responsible for running a part of or an entire organization
