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Solution Manual for Business and Society: Ethics, Sustainability and Stakeholder Management, 10th Edition

Solution Manual for Business and Society: Ethics, Sustainability and Stakeholder Management, 10th Edition breaks down difficult topics into simple, easy-to-follow explanations.

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Ch 1,Business & Society, Carroll10eChapter 1The Business and Society RelationshipLEARNING OUTCOMESAfter studying this chapter, you should be able to:1.Describe and explain business and society as foundational concepts. Describe how societyis viewed as the macroenvironment.2.Explain the characteristics of a pluralistic society. Describe pluralism and identify itsattributes, strengths, and weaknesses.3.Definea special-interest society anddescribehow it evolves.4.Identify, discuss, and illustrate the factors leading up to business criticism and corporateresponse. What is the general criticism of business? How may the balance of power andresponsibility be resolved? What is the changing social contract?5.Highlightthe major focuses or themes of the book: managerial approach, business ethics,sustainability, and stakeholder management.TEACHING SUGGESTIONSINTRODUCTION–This chapter introduces some important basic concepts in the business andsociety discussion, including pluralism, special-interest societies, business criticism, corporatepower, corporate social responsibilityto stakeholders,and sustainability.KEY TALKING POINTS–The instructor is likely to find that students have given little or nothought to the role that business plays in our society. Most undergraduates (most people for thatmatter) have never really considered the influence of business in their lives, and so fall victim tothe “is/ought” fallacy. They assume that just because something “is” a certain way,thenit“ought” to be that way. Thus, they assume that because business is the dominant socialinstitution in our society, it should be. One of the main challenges that the instructorfacesin thischapter is simply getting students to reflect on the power that business holds in our society. Mostdon’t realize the influencethatcorporations hold over them because they have never given theidea any thought. The second, and even greater challenge,will be getting studentsto realize andaccept that corporations are dependent on them (the students) for their very existence.Corporations are legal fictions that exist only because we have passed laws that allow them toexist. Thus, the continued existence of the corporation as a legal entity depends on sociallegitimacy granted to corporations by citizens. Most students will rebel at the notion that theyhave any power over whether General Motors or General Electric or General Dynamicscontinues to exist or not (here is a good spot to point out how quickly and easily the students cansee where the power lies). Practically speaking, they will be correct—individuals have preciouslittle power to influence our corporate system. But as Margaret Mead, the famed anthropologist,noted, “Never doubt that a small group of thoughtful citizens can change the world. Indeed, it isthe only thing that ever has.”

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Business And Society: Ethics, Susta...

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