Question: Chapter 1 - - - The Corporation and its Stakeholders 1 . Relationship between Business and Society Business firms are organizations that are engaged in

Chapter 1---The Corporation and its Stakeholders
1. 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.
2. The purpose of a Modern Corporation
The relationship between business and society
3. 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.
4. 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.
5. Stakeholders Interest and Stakeholder Coalitions.
6. The Dynamic Environment of Business
Chapter 2 Managing Public Issues and Stakeholders Relationship
1. Public Issues and Environmental Analysis
2. Environmental and Competitive Intelligence
3. The Issue Management Process
4. Stakeholder Engagement
5. Stakeholder Holder Dialogue and Benefits of Engagement
Chapter 3- Corporate Social Responsibility and Global Citizenship
1. Global Citizenship (Five Stages) and Corporate Power and Responsibility
2. The Origins of Corporate Social Responsibility)
3. Milton Friedman views on Corporate Social Responsibility
4. Stakeholder Approach
5. Assessing and Reporting Social Performance (How and Why)
Chapter 4 Business in a Globalized World
1. The Process of Globalization and Major Multinational Enterprises (MNE)
2. The World Bank, International Monetary Fund (IMF) and World Trade Organization (WTO)
3. Benefits and Costs of Globalization
4. Comparative Political and Economic System and Global Inequality and the Bottom of the Pyramid
5. A Three- Sector World-- Civil Society, and nongovernmental organizations (NGOs) and Global Action Network
Chapter 5 Ethics and Ethical Reasoning
1. Define Ethics and Business Ethics (Book and Professor)-- Ethical Principles
2. Why Should you be Ethical? Practical and Normative Reasons
3. Why Ethics Problems Occur in Business (Book lists fourth)
4. The Core Elements of Ethical Character-- Manager's Moral Development (Book lists six)
5. Virtue Ethics: Pursuing a "Good" Life
6. Four Methods of Ethical Reasoning and Moral Intensity of an Ethical Issue
Chapter 6 Organizational Ethics
1. Corporate Ethical Climates-- Corporate Culture (Four Elements of Ethical Climates)
2. Business Ethics Across Organizational Functions
3. Making Ethics Work in Corporations-- Ethical Leadership, Ethics, Policies or Code, Ethics and Compliance Officers
4. Ethics Reporting Mechanism and Ethics Training Programs
5. Ethics in the Global Economy
6. Foreign Corrupt Practices Act (FCPA)

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