2. The institutional and governance structure
mercoledì 22 settembre 2021 14:30
POWER… What is it? --> with great power comes great responsibility…
Rights + duties = power --> influence and responsibility
How distribuite power in to a company:
RIGHTS: • make decisions (employing, accepting a new partner…)
• • to benefit from residual income (profit) = what comes out of the e
decide the destiny of this profit
DUTIES: • To assume responsabilities (mistakes made by subordinate, my co
• society)
• To bear for possible negative results (if the profit is negative you h
WHO HOLDS POWER IN A COMPANY?
• Core stakeholders --> rights, duties:
○ set down objectives (a goal, a future desired status), strategies (the pat
expected to lead the company towards the goal) and policies ( the set of
company)
○ Select people who will contribute: to delegate people
○ Monitor the economic viability of the organization: making sure that the
aligning to his goals
Who are these stakeholders? Those who invested something, who are willing to sha
What are the stakeholders expectations?
• Shareholders = to be able to get money out of the risk capital they put previou
guarantee me that i will receive my money back)
• Employees = fairness, waiges, wellfare conditions, not to lose the job suddenl
carrear, getting incentives to increase the motivation, training
mercoledì 22 settembre 2021 14:30
POWER… What is it? --> with great power comes great responsibility…
Rights + duties = power --> influence and responsibility
How distribuite power in to a company:
RIGHTS: • make decisions (employing, accepting a new partner…)
• • to benefit from residual income (profit) = what comes out of the e
decide the destiny of this profit
DUTIES: • To assume responsabilities (mistakes made by subordinate, my co
• society)
• To bear for possible negative results (if the profit is negative you h
WHO HOLDS POWER IN A COMPANY?
• Core stakeholders --> rights, duties:
○ set down objectives (a goal, a future desired status), strategies (the pat
expected to lead the company towards the goal) and policies ( the set of
company)
○ Select people who will contribute: to delegate people
○ Monitor the economic viability of the organization: making sure that the
aligning to his goals
Who are these stakeholders? Those who invested something, who are willing to sha
What are the stakeholders expectations?
• Shareholders = to be able to get money out of the risk capital they put previou
guarantee me that i will receive my money back)
• Employees = fairness, waiges, wellfare conditions, not to lose the job suddenl
carrear, getting incentives to increase the motivation, training
