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Business and Society: Eassay Questions

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1. The key elements of a pluralistic society are decentralization and diversity of power. Using what you know about American society, do you consider it to be a pluralistic society? Why or why not?

2. The primary argument for corporate social responsibility states that for business to have a healthy climate in which to operate in the future, it must take current action to assure its long-term viability. Is this long-range self-interest argument valid? Does it encompass all that society wants from business?

3. Stakeholder management does not specify how managers should view the function of stakeholders. Some view stakeholders as just additional groups to be managed for the benefit of the firm and its owners. Others view stakeholders as groups to whom the firm has certain responsibilities that are equally important to duties owed to owners. Discuss this issue and defend your stance.

4. Should directors be held personally liable in cases of corporate misconduct?

5. Using the Issues and Crisis Management concepts discussed in Chapter 6, evaluate BP's actions in response to the Gulf Oil Spill crisis.

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The key elements of a pluralistic society are decentralization and diversity of power. Using what you know about American society, do you consider it to be a pluralistic society? Why or why not?

Decentralization took place to strengthen the role of local and regional governments. This improves efficiency of government and results in better democratic governance. In many countries decentralization is implemented. In other countries it is used to silence voice of citizens. With decentralization citizens get involved with the government in the civic process of the nation. They trust the government for all its actions. It results in better governance than centralized nations.

America has for long followed centralized form of government. The government has forced itself in the lives of American people and other systems. This has damaged American system resulting in need for decentralization. If not, there would be chaos, civil unrest and violence everywhere. People would themselves compare their system with others in the world and seek refinement.

Diversity of power is not there in American society. Power is limited to few. Not everyone can take a place in decision making. American society keeps the power in the hands of only few. These are people who can make or reform laws. Hence, we can say that American society is not pluralistic society. It does not have a decentralized government and no diversity of power.

2. The primary argument for corporate social responsibility states that for business to have a healthy climate in which to operate in the future, it must take current action to assure its long-term viability. Is this long-range self-interest argument valid? Does it encompass all that society wants from business?

The social responsibility of business is to make profits. For making profit companies can do whatever it takes. It can use any resource or get involved in different activities. The concept of corporate social ...

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The solution discusses business and society essay questions.

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