11. Organizations exist because of their ability to create value and acceptable outcomes for stakeholders. Describe and explain how organizations create value and influence stakeholders? What is the role of entrepreneurship in this process?

According to Jones, there are three stages that must take place in order for value to be created. Depending on how an organization pulls from its environment, heavily reflects its chances to produce goods and services, which affects the actual value the organization creates at the input stage. Inputs include various resources, like machinery, raw materials, information and knowledge, money and capital, and of course human resources (Jones, 2010). The main goal throughout the conversion stage is to allow service organizations to create value by applying compiled skillsets to yield an output, such as aiding patients through physical and/or occupational therapy (Jones, 2010).

When considering entrepreneurships’ role in the value creating process, it is not only a component that maintains the organization but it also begins one. Either an individual or group perceived a particular good or service is needed and either invested or found investors to create the organization and meet the needs of the consumers.

References:
Jones, G. (2010). Organizational theory, design, and change.

12. What is the relationship among organizational theory, design, change, and organizational structure and culture?

Jones states that organizational theory studies how organizations function and how they affect and are affected by their surrounding environment. The first step is to ensure you understand how an organization operates in order to control and change the organization as needed so wealth and resources is created (Jones, 2010). People who are able to analyze the structure and culture of the organization for which they work,