You will also cover the concepts of stakes, stakeholders, and stakeholder manage

Question

You will also cover the concepts of stakes, stakeholders, and stakeholder management. You will focus on corporate governance, shareholder activism, and the way managers relate to shareholders.

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Page 27 Question 3

1. 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?

Page 61 Question 1

1. Identify and explain the Pyramid of Corporate Social Responsibility. Provide several examples of each “layer” of the pyramid. Identify and discuss some of the tensions among the layers or components.

Page 90 Questions 1 & 2

1. Explain the concepts of stake and stakeholder from your perspective as an individual. What kinds of stakes and stakeholders do you have? Discuss.

2. Explain in your own words the differences between the production, managerial, and stakeholder views of the firm.

Page 117 Questions 1 & 2

1 Explain the evolution of corporate governance. What problems developed? What are the current trends?

2. What are the major criticisms of boards of directors? Which single criticism do you find to be the most important? Why?

I need these questions to be precise and accurate as possible!

Explanation / Answer

The major factors of the social enviroment that creates an atmosphere where business critisism takes place are and prospered, some independent and some interrelated. Affluence and Education, Awareness, Revolution of rising expectations, entitlement mentality, rights movement, Victimization Philosphy, levels of power, Speres of Power, and the Balance of power and responcibility are factors in business Critism, all of this goes hand and hand.

Because our society has become better educated it also became more prosperous and because of this there are higher expectations of major institutions including buisiness. Afluence is what society has influenced us with the U.S. standards of living which dictates our disposable income and how we should live, which we list at a higher standard, however, as each generation errupts they are supposed to improve however, their was a decline in the past years. The one thing that did move forward more people were getting eucated which in return would make their expectations rise once again this this allows afluence in society.

The Media has played an important part in distributing information to the public which made assisted in people critisizing businesses, this coupled with education gives a broad impression of our businesses it could be good however the media mainly sells bad news because bad news is what sells, so when corporations have CEO’s taking a large cut for themselves then this is what makes news and gives society reason to critisize these companie, the media through movies, television, internet as well as social media has given our society new ways to stay informed. However, it is the businesses bad ethics that got them in the news and it is up to the journalists to deliver this information which assists us in critisizing businesses and giving us a lasting impression. However as we move on through times our society has developed high expectations in which we expect that the next generation will do better than the lst, the standard of living should be higher than what the previos generation was, however if we look back people who worked received pensions, and were paid a wage that allowed them to survive which moved into our current state of thought in which we feel entitled to receive a better job, wages that allow us to compete because we received the education that allows us to think we are entitled to a better standard of living. Another added expectation that assisted in critisism in business is that people feel they have rights because of the bill of rights says they do which added to the the thinking that people are entitled to more. However, there are certain cultures that have been given active focus portraying themselves as victims of society where as society is responcible for them not living up to the standards or the expectations also delivering critism for business.

Together all of these factors have gone hand in hand education, Afluence , Revolution of rising expectation, Entitlement mentality, the rights movement and victimization Philosophy are all circled together because all of these groups have formed opinions of what we should have according to our socient and what it says the standard is, however I feel that it still remains active and still society says that we should be living in a certain way however business are not living up to the standards and what societies expectations are however I feel as time goes by the expectations are starting to deminish

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