managerial ehics
Complete Discussion Questions 3, 4, and 5 on page 27 of Business and Society.
3. Identify and explain the major factors in the social environment that create an atmosphere in which business criticism takes place and prospers. How are the factors related to one another? Has the revolution of rising expectations run its course? Or is it still a vital reality?
Affluence refers to the level of wealth, and standard of living of the society. As the standard of living is increasing every year, people are becoming well educated. As a result they are expecting a lot more from the businesses. This is one of the factor leading to business criticism. Now a day’s people are spending more time using television and Internet especially social media sites where the information is available within minutes after anything happened. So business need to be more careful before making any decisions regarding their products and services. One more factor is that 24/7 news programs who are repeating the information whether bad or good. If anything wrong happened they will investigate more in that matter leading to severe criticism. Commercials will be beneficial if they sell products. They can also damage business image if not properly advertised. These factors are interrelated because highly educated people have more expectations and they use all the technology to gather information. The belief that the current generation standard of living is higher than its ancestors created revolution of rising expectations. (Carroll and Buchholtz, 2012)
4. Give an example of each of the four levels of power discussed in this chapter. Also, give an example of each of the spheres of business power.
The four levels of corporate power includes macro, intermediate, micro, and individual. The macro level encompasses the entire corporate system i.e, total businesses. An example is that corporation’s ability to please Congress to pass the necessary laws for their effective operations. The intermediate
3. Identify and explain the major factors in the social environment that create an atmosphere in which business criticism takes place and prospers. How are the factors related to one another? Has the revolution of rising expectations run its course? Or is it still a vital reality?
Affluence refers to the level of wealth, and standard of living of the society. As the standard of living is increasing every year, people are becoming well educated. As a result they are expecting a lot more from the businesses. This is one of the factor leading to business criticism. Now a day’s people are spending more time using television and Internet especially social media sites where the information is available within minutes after anything happened. So business need to be more careful before making any decisions regarding their products and services. One more factor is that 24/7 news programs who are repeating the information whether bad or good. If anything wrong happened they will investigate more in that matter leading to severe criticism. Commercials will be beneficial if they sell products. They can also damage business image if not properly advertised. These factors are interrelated because highly educated people have more expectations and they use all the technology to gather information. The belief that the current generation standard of living is higher than its ancestors created revolution of rising expectations. (Carroll and Buchholtz, 2012)
4. Give an example of each of the four levels of power discussed in this chapter. Also, give an example of each of the spheres of business power.
The four levels of corporate power includes macro, intermediate, micro, and individual. The macro level encompasses the entire corporate system i.e, total businesses. An example is that corporation’s ability to please Congress to pass the necessary laws for their effective operations. The intermediate