MAN 3025 Chapter Notes - Chapter 3: Triple Bottom Line, Crowdfunding, Crowdsourcing

• School: University of Florida
• Department: Management
• Course: MAN 3025
• Professor: Professor Archambeau

Document Summary

Triple bottom line: representing people, planet, and profit (the 3 p"s) measures an organization"s, social, environmental, and financial performance. Social audit: measures the success of the 3 p"s through a systematic assessment of a company"s performance in implementing socially responsible programs, often based on predefined goals. Stakeholders: people who"s interests are affected by an organization"s activities. Internal stakeholders: employees, owners, and the board of directors, if any. Employees: considered the talent and most important resource of an organization. Owners: all those who can claim the organization as their legal property. External stakeholders: people or groups in the organization"s external environment that are affected by it. Those who pay to use an organization"s goods or services. People or organizations that compete for customers and resources. Every organization has to be actively aware of its competitors. Person or organization that provides supplies (raw materials, services, equipment, labor, or energy) to other organizations.