Static Concept: Under static concept the term ‘organisation’ is used as a structure, an entity or a network of specified relationship. The result was a business classic, The Concept of the Corporation, which turned Drucker from refugee Viennese intellectual into management guru. Concept of the Corporation was the first study ever of the constitution, structure, and internal dynamics of a major business enterprise. Under such circumstances, the only last resort is to make the best use of strategic management which can help the corporate management to explore the possible

A white paper presented by NBIS. Peter Drucker, Concept of the Corporation (New York: The John Day Company, 1946). The characteristic of separate corporate personality of a company was also emphasized by Chief Justice Marshall of USA when he defined a company “as a person, artificial, invisible, intangible and existing only in the eyes of the law. B Corporations, Benefi t Corporations and Social Purpose Corporations: Launching a New Era of Impact-Driven Companies A new way to bring together business success ... explaining the concept of B Corporations. corporation: The most common form of business organization, and one which is chartered by a state and given many legal rights as an entity separate from its owners. He believed in business as a human-driven enterprise that could be profitable and socially responsible. THE STAKEHOLDER THEORY OF THE CORPORATION: CONCEPTS, EVIDENCE, AND IMPLICATIONS THOMAS DONALDSON Georgetown University LEE E. PRESTON University of Maryland The stakeholder theory has been advanced and justified in the man- agement literature on the basis of its descriptive accuracy, instrumen- tal power, and normative validity.

Sloan granted Drucker what business school professors today call “access”, on a scale that any modern professor could only dream of. Basing his work on a two-year analysis of the company done during the closing years of World War II, Drucker looks at the General Motors managerial organization from within. They introduced the concept of core competence —which they called the “most powerful way to prevail” in global commerce. This includes the cost of non- deductible life insurance premiums in which an S corporation purchases life insurance on a shareholder or key employee and the S corporation is also the … Concept of the Corporation was the first study ever of the. The paper deals with the concept of the separate legal entity of a Corporation; which is separate from its shareholders or its directors. 38 Michael Kubo. (www.NBIS.org) B Lab is a non-profi t organization with the mission of using the power of business to address the world’s most pressing A corporation is a business or organization formed by a group of people, and it has rights and liabilities separate from those of the individuals involved. The paper deals with the concept of the separate legal entity of a Corporation; which is separate from its shareholders or its directors.

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