MGT 300 Lecture Notes - Lecture 3: Crowdfunding, Ethical Dilemma, Ponzi Scheme

• School: University of Alabama
• Department: Management
• Course: MGT 300
• Professor: Eric Williams

Document Summary

Stakeholders people whose interests are affected by an organization"s activities. Internal stakeholders consist of employees, owners, & the board of directors. External stakeholders consist of people/groups in organization"s external environment that are affected by it. Task environment 11 groups that present you with daily tasks to handle: customers. Many customers value service over price: competitors, suppliers, distributors. Have a lot of power over ultimate price of a product: strategic allies. Strategic allies relationship between two organizations who join forces to achieve advantages neither can perform as well alone: employee organizations: unions/associations, local communities. Depends on company for tax revenue & employment: financial institutions. Crowdfunding raising money for a project/venture by obtaining many small amounts of donations: government regulators. Government regulators regulatory agencies that establish ground rules under which organizations may operate: special-interest groups. Special-interest groups groups whose members try to influence specific issues ex) peta: mass media. Can include positive & negative stories about a company.