Bus society 1

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Bus society 1

  1. 1. The Corporation and Chapter Its Stakeholders 1 1-1Business and Society POST, LAWRENCE, WEBERMcGraw-Hill/ Irwin © The McGraw-Hill Companies, Inc., 2002 All Rights Reserved.
  2. 2. Figure 1-1a A range of levels for understanding the 1-2 business-government-society relationship Broad conceptual level Economy/ Politics/ Business Government Society/CultureMcGraw-Hill/ Irwin © The McGraw-Hill Companies, Inc., 2002 All Rights Reserved.
  3. 3. Figure 1-1b A range of levels for understanding the 1-3 business-government-society relationship Intermediate level Industry Governments: in general; national, state, industry local, foreign sectors StakeholdersMcGraw-Hill/ Irwin © The McGraw-Hill Companies, Inc., 2002 All Rights Reserved.
  4. 4. Figure 1-1c A range of levels for understanding the 1-4 business-government-society relationship Practical, applied management level Specific Corporation government X Primary and agencies and secondary actors stakeholdersMcGraw-Hill/ Irwin © The McGraw-Hill Companies, Inc., 2002 All Rights Reserved.
  5. 5. Business-Government-Society: An InterdependentSystem A Systems Perspective – Management thinking has been greatly influenced by general systems theory. 1-5 According to this theory, all living organisms (systems) interact with, and are affected by, other forces in their host environments. The Stakeholder Concept – Stakeholders are all the people and groups affected by, or that can affect, an organization’s decisions, policies, and operations. The Three-Legged Stool – employees, customers, and shareholders (Watson Sr. Chairman of IBM in 1950). In 1990 Watson Jr. emphasized the large number and variety of other stakeholders – communities, arts organizations, colleges and universities, foreign governments, and many more.McGraw-Hill/ Irwin © The McGraw-Hill Companies, Inc., 2002 All Rights Reserved.
  6. 6. Figure 1-2Relations between a business firm and its primary stakeholders 1-6 Employees (Unions) StockholdersWholesalers Distribute Sell(Retailers) products labor Invest Business capital Buy firm Creditors products Lend (Managers) money Customers Sell materials SuppliersMcGraw-Hill/ Irwin © The McGraw-Hill Companies, Inc., 2002 All Rights Reserved.
  7. 7. Figure 1-3 Relations between a business firm and some of its other (secondary) stakeholders 1-7 Local Federal, The Communities State General Positive, and Local Public negative Jobs, Governments opinion environment Regulation, Advice, Business taxesBusiness research Firm ForeignSupport Image, Friendly, GovernmentsGroups publicity (Managers) hostile Social Social Media demands Activist Groups McGraw-Hill/ Irwin © The McGraw-Hill Companies, Inc., 2002 All Rights Reserved.
  8. 8. Home Work 1-8  Writean essay (500 words) on “Free Advices” and its impact on society.McGraw-Hill/ Irwin © The McGraw-Hill Companies, Inc., 2002 All Rights Reserved.
  9. 9. Figure 1-4 Forces that shape the business and society relationship Economic competition: 1-9 strategic and social challenges Global Economic Change Ethical expectations andBusiness and public values itsStakeholders Changing role of government and public policy Ecological and natural resource concerns Technology and new knowledge McGraw-Hill/ Irwin © The McGraw-Hill Companies, Inc., 2002 All Rights Reserved.
  10. 10. Exhibit 1-A Global Internet usage, 2000-2005 Top Nations in Internet Use at Year-end, 2000 1-10 Users (millions) Percentage of total 1. United States 135.7 36.20% 2. Japan 26.9 7.80 3. Germany 19.1 5.10 4. UK 17.9 4.77 5. China 15.8 4.20 6. Canada 15.2 4.05 7. South Korea 14.8 3.95 8. Italy 11.6 3.08 9. Brazil 10.6 2.8410. France 9.0 2.3911. Australia 8.1 2.1612. Russia 6.6 1.7713. Taiwan 6.5 1.7314. Netherlands 5.4 1.4515. Spain 5.2 1.39 Source: http://www.c-i-a.comMcGraw-Hill/ Irwin © The McGraw-Hill Companies, Inc., 2002 All Rights Reserved.
  11. 11. Exhibit 1-A (continued) Global Internet usage, 2000-2005 1-11 • 374.9 million worldwide Internet users per year. • Top 15 countries accounted for 80% of users. • The United States leads with over 35% of users. • By 2005, 600 million Internet users are expected.McGraw-Hill/ Irwin © The McGraw-Hill Companies, Inc., 2002 All Rights Reserved.

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