Running Head: Social Performance, Part 1
Esmil O. Feliz
Professor: Vincent Fordiani
Business; Business and Society – BUS 475
February 03, 2013
The company Draft Studios Incorporated is a medium size private organization which specializes in computer animation films and provides media trade show graphics on a small scale. Draft Studios Inc. provides animated realistic renderings by local artists to Hollywood producers and provides quality printed graphics to companies for trade shows and media outposts. Draft Studios Inc. currently employs just over 3,000 employees and has annual earnings of $275 million with share price at $59.00 per share. ...view middle of the document...
The relationship between the company and its creditors is the same bond in any other partnerships. Creditors lend money to Draft Studios Inc. for multiple projects and collect payment and interest from the company. Their main goal is to assist Draft Studios Inc. financially and achieving its goals to his customers. The creditors could potentially have a negative influence on the company if it were to call in loans when or if payment were not received on time. The creditors may have the ability to repossess company assets in a severe delinquency situation (Lawrence and Weber, 2012).
The relationship between Draft Studios Inc. and its suppliers is simply that they provide equipment, services, energy and needed supplies for conducting necessary daily business. Draft Studios Inc. supply department makes orders and the procurement department pays the bill to the suppliers. The suppliers may have a negative influence on the company if the suppliers decided to refuse shipment of the necessary items to conduct business if conditions are less than satisfactory. If Draft Studio Inc. cannot meet the demands of their customers, they may end up going to their competitors.
The relationship between the Draft Studios Inc. and its customers is very important and possibly the most important as without the customer, there would not be a Draft Studios Inc. Draft Studios Inc. provides a fair exchange of service and product for a monetary exchange. The main role of the customer is to be willing to buy the service and products from Draft Studios Inc., if customers were to purchase goods from other companies this would have a negative impact for the business (Lawrence and Weber, 2012).
The employees of Draft Studios Inc. are the backbone to ensuring the business is performing to its best ability. This relationship is very important to the organization as the employees contribute to the success of the company by utilizing their skills and expertise in exchange for wages, benefits and professional development in the form of certificates, training and quality equipment to perform their duties. The employees of Draft Studios play a positive role in providing great service to our customers, other stakeholders and community. At the same time, employees posses information about the company that may give it a negative impact if certain scandals come to light by the media or other organizations. The company has a responsibility to maintain a good relationship with all the primary stakeholders because of the economic transactions they share that enables the company to carry out its primary purpose of providing the society with goods and services (Lawrence and Weber, 2012).
Although the secondary stakeholders do not have a direct involvement with Direct Studio Inc. they can have an effect on the company actions. The secondary stakeholders include the community, non-government organizations, media, business support groups and the general public. The relationship...