Chapter one notes

9/1/2011

Business & Society
Ethics, Sustainability, and Stakeholder
Management
Eighth Edition

Archie B. Carroll
Ann K. Buchholtz

© 2012 South-Western, a part of Cengage Learning

1

Chapter 1
The Business and Society
Relationship

© 2012 South-Western, a part of Cengage Learning

2

Learning Outcomes
1. Characterize business, society, and their interrelationships.
2. Describe pluralism and identify its attributes, strengths, and weaknesses.

3. Clarify how our pluralistic society has become a specialinterest society.

4. Identify, discuss, and illustrate the factors leading up to business criticism.

5. Single out the major criticisms of business and characterize business’s general response.

6. Explain the major themes of the book: managerial approach, ethics, sustainability and stakeholder management. © 2012 South-Western, a part of Cengage Learning

3

1

9/1/2011

Chapter Outline
•
•
•
•
•
•
•
•
•
•

Business and Society
Society as the Macroenvironment
A Pluralistic Society
A Special-Interest Society
Business Criticism and Corporate Response
Focus of the Book
Structure of the Book
Summary
Key Terms
Discussion Questions

© 2012 South-Western, a part of Cengage Learning

4

Business and Society
Business
•

The collection of private, commercially oriented organizations ranging in size from sole proprietorships to corporate giants.

Society
•

A community, a nation, or a broad group of people with common traditions, values, institutions, and collective activities and interests.

Business and society interrelate in a macroenvironment as stakeholders.
•

A macroenvironment is the complete societal context in which the organization resides.

© 2012 South-Western, a part of Cengage Learning

5

Conceptualizing the
Macroenvironment

© 2012 South-Western, a part of Cengage Learning

6

2

9/1/2011

Segments of the Macroenvironment

© 2012 South-Western,