1. What is an organisation? (cont)
Organisation = division of labour
= relating people in
a non-random way (order)
For what reason?
For a purpose
To do something
What does it do?
Make or distribute
a product or service
that is needed or wanted
Who wants it?
1. What is an organisation? (concl)
An organisation
relates people in a non-random way
for a specific purpose
Wim Vandekerckhove - Business Ethics BUSI 1314 - University of Greenwich - 2010-2011
Why?
some companies have debts
and yet people provide them credit
It needs to make a profit
They trust there will be a return
Financial crisis
‘Too big to fail’
No one will back up a company if there is not the trust of a return
There is an interest here!
The football game analogy – Solomon (1993)
Get the ball across the line
More times than the other team
Get people to have a nice time
Interest makes support conditional
Other groups with an interest?
Ed Freeman – ‘A stakeholder in an organization is any group or individual who can affect or is affected by the achievement of the organization’s objectives’ (Freeman 1984: 46)
4. Stakeholders (cont)
(Rhenman 1968:25)
Co-operation despite conflicting interests
Why?
An organisation needs to create value for its stakeholders
Wim Vandekerckhove - Business Ethics BUSI 1314 - University of Greenwich - 2010-2011
Wim Vandekerckhove - Business Ethics BUSI 1314 - University of Greenwich - 2010-2011
Wim Vandekerckhove - Business Ethics BUSI 1314 - University of Greenwich - 2010-2011
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