Page 19 - E1 Integrated Workbook STUDENT 2018
P. 19
The different purposes of organisations
Creating value for stakeholders
Stakeholders are virtually everybody who has anything to do with
an organisation.
How to create value
for stakeholders
Control and co- Efficient production Facilitate
ordination of of goods and innovation
resources services For example, by
For example, by creating a
For example,
employees, raw elimination of waste flexible structure
material, machinery and consideration and innovative
culture.
and cash resources, of process design.
to achieve goals and
outcomes.
Illustrations and further practice
Now try TYU 7 and 8 from Chapter 1.
Read illustrations 10 - 14 from Chapter 1.
7
