Académique Documents
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SOCIETY
11th
Edition
McGraw-Hill
2015 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not
authorized for sale or distribution in any manner. This document may not be copied, scanned, duplicated,
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Learning Objectives
Learning Objectives
Learning Objectives
3-5
Misconduct/incompetence
Recent scandals and financial failures have
Monopoly
Corporate power problem is attributed to
3-7
Globalization
Global free trade enables corporations to
3-9
Corporate influence
Money is a powerful force in electoral
3-10
Lobbying
3-12
Higher education
Businesses are turning campuses into
3-13
Religion
Churches employ standard business
Culture
Corporate America supports traditional
Sports
Funding is provided for many unprofitable
sports
Revenues support academic programs
Significance of conversion from sport to
business is unclear
Commercialism of athletics is bemoaned
Corporate Social
Responsibility
3-16
Social Responsibility
3-17
3-18
Social Responsibility
shareholders interests
Responsible and moral course of behavior
is to reap high returns within the law
Expected
Required
Required
Source: Archie B. Carroll, The Pyramid of Corporate Social Responsibility: Toward the Moral Management of Organizational
Stakeholders. Reprinted from Business Horizons 34, no. 4 (JulyAugust 1991), pp. 39, 42. Copyright 1991 by the Foundation for the School of
Business at Indiana University. Used with permission.
3-21
performance by business
Studies indicate a positive relationship
between social performance and financial
performance
Stakeholder Approach
3-23
Stakeholder Approach
3-24
Stakeholder Approach
standards
Social Accountability 8000 (SA8000) - Global
standard measuring companies social and
environmental records
3-25
Shareholder Approach
3-26
federal law
David Green, the CEO, explained that the
company always tried to serve its employees
How can it make good business sense to pay
employees more than the law and the market
require?
Would you do as Hobby Lobby did?
3-27