¶ … Furniture Bank
Over the past few years Furniture Bank has differentiated itself from other charity organization through its commitment to industry innovation which has made it one of Canadian most famous organization (Peter & Donnelly, 2006). The marketing abilities of the Organization have enabled it to compensate for its initial otherwise tight financial circumstances to establish an excess cash record over few years of operation whose main sources were; donations from the government and other corporate entities (Slack et al., 2010). The main vision of the Furniture Bank Organization includes constant achievement of operational excellence, conducting business in a safe environmentally sustainable and economically optimum way and manufacturing and supplying furniture and other households as well as services that ensure customer satisfaction in as far as their needs are concerned (Ahlstrom & Bruton, 2009). The Organization also has a few objectives that include realization of potential of their staff, maximum delivery of community needs, safeguarding asset integrity and benefiting shareholders (Peter & Donnelly, 2006).
Furniture Bank Organization believes that community needs such furniture and other households will be an integral part of the global economic developments in future and therefore their role includes ensuring that they extract and deliver them beneficially and in environmentally as well as socially responsible manner (Ahlstrom & Bruton, 2009). The organization has charged itself with the sole responsibility of working closely with their partners/stakeholders, policymakers and the community as a means of advancing more efficient and sustainable use of natural energy resources (Ahlstrom & Bruton, 2009). Perhaps one of the most important relationships that Furniture Bank organization has is that of its stakeholders. A stakeholder can be referred to as a person who has developed interest in what a business does or an influence upon the said business (Peter & Donnelly, 2006).
ESSAY
Diagnosis
It is quite common to observe the fact that majority of large organizations have numerous different stakeholder groups whereby while some are internal to the business such as the employees, others are external to the business for instance the government (Peter & Donnelly, 2006). Furniture Bank key aims include participating in the search for and development of other sources of Households and Furniture's as a way of trying to meet the ever-changing community needs and the ever growing demand for households (Ahlstrom & Bruton, 2009). The organization also aims at engaging responsibly, non-profitably and efficiently in fundraising, finance, risk and governance (Peter & Donnelly, 2006). That is why it is of great importance to the organization to identify as well as balance the expectations and needs of their internal and external stakeholders while behaving responsibly in view of all of them as a way of avoiding conflict and ensuring the organization is as successful as possible, keeping its license to operate (Peter & Donnelly, 2006).
Being one of the world's largest and non-profitable national organizations in Canada, Furniture bank serves an approximate 30 to 40 clients in a month; Provides furniture to those living in permanent homes in partnership with the street homes service providers (Slack et al., 2010) Additionally, the organization increase acquisition of furniture through acquisitions business programs that ensure increase in corporate donations and expand in house donors. It is however unfortunate that due to a growing world population and higher living standards household items demand is rapidly on the increase which means that there is more demand not only for gas and oil but also for other sources of energy (Ahlstrom & Bruton, 2009). Furniture Bank has found itself faced with the enormous problem of helping meet the needs of the present as well as future generations while developing as little negative impact as possible to the community (Peter & Donnelly, 2006). Just like any major Organization, Furniture Bank its share of strengths, weaknesses, opportunities and threats.
Strengths
Unlike majority of companies that pay more attention to their external stakeholders for the future success of the business, Furniture Bank Organization is more focused on its internal stakeholders who are viewed by the wider community as a reflection of the Organization and the manner in which it operates (Peter & Donnelly, 2006). The Organization's main internal stakeholders include the employees, suppliers and shareholders who play an important part in the life of the business as a whole. Shareholders are considered to be a major strength by the Organization in that they not only provide a sizeable part of the capital that is needed to set up and run the business but also get to decide on a Board of Directors...
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