Question: Chapter 1 - - - The Corporation and its Stakeholders 1 . Relationship between Business and Society Business firms are organizations that are engaged in
Chapter The Corporation and its Stakeholders
Relationship between Business and Society
Business firms are organizations that are engaged in making a product or providing a service for a profit. Society, in its broadest sense, refers to human beings and to the social structures they collectively create. Business is part of society and engages in ongoing exchanges with its external environment. Together, business and society form an interactive social system in which the action of each profoundly influence the other.
The purpose of a Modern Corporation
The relationship between business and society
Stakeholder Theory of Firm Different Types of Stakeholders
Corporations serve a broad public purpose: to create value for society.
Profit is necessary for survival, but is not the only purpose of the firm.
Corporations have multiple obligations and need to consider all stakeholders.
Instrumental and Normative argument related to Stakeholders
Instrumental argument stakeholder management is more effective as a corporate strategy.
Normative argument stakeholder management is simply the right thing to do
Stakeholders Interest and Stakeholder Coalitions.
The Dynamic Environment of Business
Chapter Managing Public Issues and Stakeholders Relationship
Public Issues and Environmental Analysis
Environmental and Competitive Intelligence
The Issue Management Process
Stakeholder Engagement
Stakeholder Holder Dialogue and Benefits of Engagement
Chapter Corporate Social Responsibility and Global Citizenship
Global Citizenship Five Stages and Corporate Power and Responsibility
The Origins of Corporate Social Responsibility
Milton Friedman views on Corporate Social Responsibility
Stakeholder Approach
Assessing and Reporting Social Performance How and Why
Chapter Business in a Globalized World
The Process of Globalization and Major Multinational Enterprises MNE
The World Bank, International Monetary Fund IMF and World Trade Organization WTO
Benefits and Costs of Globalization
Comparative Political and Economic System and Global Inequality and the Bottom of the Pyramid
A Three Sector World Civil Society, and nongovernmental organizations NGOs and Global Action Network
Chapter Ethics and Ethical Reasoning
Define Ethics and Business Ethics Book and Professor Ethical Principles
Why Should you be Ethical? Practical and Normative Reasons
Why Ethics Problems Occur in Business Book lists fourth
The Core Elements of Ethical Character Manager's Moral Development Book lists six
Virtue Ethics: Pursuing a "Good" Life
Four Methods of Ethical Reasoning and Moral Intensity of an Ethical Issue
Chapter Organizational Ethics
Corporate Ethical Climates Corporate Culture Four Elements of Ethical Climates
Business Ethics Across Organizational Functions
Making Ethics Work in Corporations Ethical Leadership, Ethics, Policies or Code, Ethics and Compliance Officers
Ethics Reporting Mechanism and Ethics Training Programs
Ethics in the Global Economy
Foreign Corrupt Practices Act FCPA
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