Charities Oxfam A Charity is a foundation created to promote the public good. It doesn’t keep profit, but to expand. It relies on money given from the public voluntarily, it is a non-profit organisation. A charity is all about fundraising and giving to causes, it is a type of business because it does make profit, which is given to charitable causes. Many companies/people set up charities because they may want to promote and encourage a cause that may need money. The people behind the organisation may only set up the charity, investing it towards its continuity but not to gain profit. Different stakeholders who can influence the purpose of Oxfam. The people who donate to the charity Oxfam are major stakeholders as Oxfam would not be able to be a successful charity without the donations as they are the key to the money that is raised. Donators are major stakeholders as they’re also the largest investors to charities like Oxfam and influence it greatly. Without this support network; work would be limited, goods would not be sold from Oxfam shops and business would be lost.
Employees are stakeholders within the company as the business provides them with a livelihood or, if the organisation is a non-profit organisation, then this provides a sense of generosity for those who work for free. They seek security of employment, promotion, opportunities and good rates of reward. shareholders it is not easy to balancenthe needs of stakeholders in order to best achieve this balnce shell recognises five areas of resposiblities to shareholsers, customers, employers and society. Shell resolves and minimises conflicts between its activities and its stake holders trough its clear strategies and commitment to corporate values. through balancing social, economic and evironmental considerations shell seeks to make decisions that maximise values.
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Topic: Charities Oxfam
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