Velas
1 Business and Society
The Corporation and Its Stakeholders
1-1
Figure 1-1a
A range of levels for understanding the 1-2 business-government-society relationship
Broad conceptual levelEconomy/ Business Society/Culture
Politics/ Government
POST, LAWRENCE, WEBER
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© The McGraw-HillCompanies, Inc., 2002 All Rights Reserved.
Figure 1-1b
Figure 1-1c
A range of levels for understanding the 1-3 business-government-society relationship
A range of levels for understanding the 1-4business-government-society relationship
Intermediate level
Industry in general; industry sectors Governments: national, state, local, foreign
Practical, applied management level
Corporation X Specificgovernment agencies and actors
Stakeholders
Primary and secondary stakeholders
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© The McGraw-Hill Companies, Inc., 2002 All Rights Reserved.
McGraw-Hill/ Irwin
© TheMcGraw-Hill Companies, Inc., 2002 All Rights Reserved.
Figure 1-2
Figure 1-3
Relations between a business firm and its primary stakeholders
1-5
Relations between a business firm and some of its other(secondary) stakeholders
1-6
Employees (Unions) Wholesalers (Retailers)
Distribute products Sell labor
Stockholders
Invest capital Lend money
The General Public
Local Communities
Positive, negativeopinion
Buy products
Business firm (Managers)
Sell materials
Creditors
Business Support Groups
Advice, research Image, publicity
Jobs, environment Regulation, taxes Business
Federal, State andLocal Governments
Firm (Managers)
Social demands
Foreign
Friendly, Governments hostile
Customers
Suppliers
Media
Social Activist Groups
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© The McGraw-Hill Companies, Inc., 2002All Rights Reserved.
McGraw-Hill/ Irwin
© The McGraw-Hill Companies, Inc., 2002 All Rights Reserved.
1
Figure 1-4
Forces that shape the business and society relationship
1-7
Exhibit 1-A...
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