You will be required to interview a business manager or entrepreneur to determine what are the pressing issues facing their organization and to explore how they are addressing some of the topics addressed in class. Determine if they have a formal or informal CSR (Corporate Social Responsibility )program. What are some of the ways they are “giving back” to society? You will write a 2-3 page paper summarizing the interview.
Topics addressed in class:
Chapter 1: The Corporation and its Stakeholders
Understanding the relationship between business and society and the ways in which business and society are part of an interactive system. • Considering the purpose of the modern corporation. • Knowing what a stakeholder is and who a corporation’s market and nonmarket and internal and external stakeholders are. • Conducting a stakeholder analysis and understanding the basis of stakeholder interests and power. • Recognizing the diverse ways in which modern corporations organize internally to interact with various stakeholders. • Analyzing the forces of change that continually reshape the business and society relationship.
Chapter 2: Managing Public Issues and Stakeholder Relationships
Identifying public issues and analyzing gaps between corporate performance and stakeholder expectations. • Applying available tools or techniques to scan an organization’s multiple environments and assessing stakeholder materiality. • Describing the steps in the issue management process and determining how to make the process most effective. • Identifying the managerial skills required to respond to emerging issues effectively. • Understanding the various stages through which businesses can engage with stakeholders, what drives this engagement, and the role social media can play.
Chapter 3: Corporate Social Responsibility and Citizenship
Understanding the role of big business and the responsible use of corporate power in a democratic society. • Knowing when the idea of social responsibility originated and investigating how a company’s purpose or mission can integrate social objectives with economic and legal objectives. • Examining the key arguments in support of and concerns about corporate social responsibility. • Defining global corporate citizenship and recognizing the rapidly evolving management practices to support global citizenship. • Examining businesses with an explicitly social mission, such as social ventures and B corporations. • Distinguishing among the sequential stages of global corporate citizenship. • Understanding how businesses assess and report their social performance.
Chapter 4: Business in a Globalized World
Defining globalization and classifying the major ways in which companies enter the global marketplace. • Identifying the international financial and trade institutions that have shaped the globalization process in recent decades. • Analyzing the benefits and costs of the globalization of business.
Chapter 5: Ethics and Ethical Reasoning
Defining ethics and business ethics. • Evaluating why businesses should be ethical. • Knowing why ethical problems occur in business. • Identifying managerial values and people’s spirituality as influences on ethical decision-making. • Understanding stages of moral reasoning. • Analyzing ethical problems using generally accepted ethics theories. • Understanding how moral intensity affects ethical decision-making.
Chapter 6: Organizational Ethics
Classifying an organization’s culture and ethical climate. • Recognizing ethics challenges across the multiple functions of business. • Creating effective ethics polices and identifying responsible individuals to become the organization’s ethics and compliance officer. • Constructing successful ethics reporting mechanisms, ethics training programs,
Chapter 7: Business Government Relations
Understanding why sometimes governments and business collaborate and other times work in opposition to each other. • Defining public policy and the elements of the public policy process. • Explaining the reasons for regulation. • Knowing the major types of government regulation of business. • Identifying the purpose of antitrust laws and the remedies that may be imposed. • Comparing the costs and benefits of regulation for business and society. • Examining the conditions that affect the regulation of business in a global context.
Chapter 8: Influencing the Political Environment
Understanding the arguments for and against business participation in the political process. • Knowing the types of corporate political strategies and the influences on an organization’s development of a particular strategy. • Assessing the tactics businesses can use to be involved in the political process. • Examining the role of the public affairs department and its staff. • Recognizing the challenges business faces in managing business-government relations in different countries
Chapter 9: Sustainable Development and Global Business
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