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"You've got to start with the customer experience..."
Organizational stakeholders are the individuals who are responsible for the organizations endeavors, they are basically the ones whose necks are on the line. Stakeholders also encompass any individuals, groups, or even entities that stand to benefit or lose based on the performance of the organization. As professional careers develop there is more exposure to organizations that have enormous amounts of stakeholders.
Just because groups may be stakeholders, does not mean they will take on the responsibility of one. The European Management Journal discusses effective governance in nonprofit organizations. “Results not only show the lack of attention some stakeholders have received in the literature, but also the governance related conflicting needs and objectives between stakeholder groups” (Wellens, 2014, p. 223). At the affiliations of beneficiaries, private donors, board members, management and volunteers, all these stakeholders had faults in taking ownership of the organization.
One of the top priorities for organizations today is how stakeholders see its firm’s culture. The people and culture aspect of an organization is either a major concern to the employer or there is no regard for it. The culture of an organization encompasses more than how many days off or what kind of compensation management is receiving. Values are the beliefs, advancement and development that an organization influences and has over the individuals within the organization, its employees, clients and third parties.
A study by the American Public Human Services Association Journal discusses a performance indicator they utilize to measure their culture performance. Via the results of the model the article says, “Organizations at the integrative level will necessarily have positive cultures and climates, including proficiency. This foundation is essential for organizations to address the sweeping challenges required to achieve this level” (Hemmelgarn & Basso, 2016, pg. 27). A businesses culture will either be strong or weak and that doesn’t necessarily mean it’s a good thing or a bad thing. We all have preconceived notions of the DMV, while their culture is strong it also happens to be negatively strong. So, positive or negative, as well as adaptable or inflexible is all measured for a business culture.
Project: (ECO/MBA 5500, Grade Received: A)
Economic Prosperity At Under Armour
Under Armour has taken the apparel industry by surprise just a few years ago. No one would have bet that a new company could penetrate an industry dominated by just a handful of brands, in the short time it did. With inventory more expensive than ever and financial obligations that are on the rise, this industry has economic challenges that it will hit going forward. Through the financial statements and company documents we have obtained the proper literature, sources and references that will suite the economic information to better understand Under Armour’s economic position.
In This paper we will analyze the exuberance of the famous retailing company, Under Armour. Their platform concentrates on the business of sports clothing and how it concentrates its resources to its economic productivity. From the evaluation of the company’s financial statements, it can be determined if the financial position of Under Armour holds economic prosperity.
In Under Armour’s annual report the chief executive officer expressed the following comments in the letter from the CEO. “We've posted strong results on our scoreboard highlighted by 30% average topline growth and 23 consecutive quarters of 20+% net revenue growth this ongoing net revenue streak is something we are especially proud of given that we are one of only two companies that can make this claim in the S&P 500” (Under Armour, 2016). A company that trades in the stock market puts their financial well-being largely into hands of trading and the futures of the market. And for Under Armour to outperform almost the entire S&P 500 is itself an enamored success of achievement that this company has created.