BUSINESS AND GOVERNMENT

1
BUSINESS AND GOVERNMENT
2
Four Objectives of this class

• Define the three main terms of business,
  government, society (BGS)
• Be aware of the importance of the Social Contract
• Describe the four main models (ideologies) of BGS
• Describe the relationship between historical
  forces, current trends, and the modern
  corporation

3
Ch 1 Framework and Introduction to the field

• Ch. 1, Steiner Steiner

4
Exxon Corp. Business, Government, Society

• Cost to clean-up 2.5 billion
• Paid to State of Alaska 1 billion
• Fined 5.2 billion
• 50,000 credit cards torn up
• 5th most admired to 110th
• SeaRiver Mediterranean barred from Alaska

5
How do we define BGS?

• Business
• Government
• Society
• Ideas
• Institutions
• Material things

6
Choose one of the following as the most accurate
statement of the proper goals of a company

• The only real goal of a company is to make a
  profit.
• A company, besides making a profit, has a goal of
  attaining the well-being of various stakeholders,
  such as employees, customers, etc.

7
Four Models

• Market capitalization
• Dominance
• Dynamic forces
• Stakeholder model

8
Four Issues Per Model

• Basic belief or perspective vs. fact
• Assumptions/requirements
• Strengths/Weaknesses
• What countries and when do/did these models
  exist?

9
Review for Chapter 1

• Define the three main terms of business,
  government, society (BGS)
• Be aware of the importance of the Social Contract
• Describe the four main models (ideologies) of BGS

10
Ch. 2 Framework for The Business Environment

• Ch. 2, Steiner Steiner

11
Enron, Bechtel, Dabhol Power Plant
12
Major Outline of the Chapter

• Volatiliy
• Historical Forces
• Six Key Environments

13
Volatility

• Which industries do you see that must be seen and
  mastered
• Eye industry -- glasses, lasik, and inserts

14
Historical forces

• Industrial revolution
• Dominant ideologies
• Inequality of human circumstances
• Science and technology
• Nation states
• Great leadership
• Population-- Russia, Europe, Africa, Americas,
  Asians?
• Chance

15
Six Key Environments of business

• Economic
• Technological
• Governmental
• Cultural -- Proper goals of a company -- Abbott
  Labs
• Natural
• Internal
• Business's impact on Its Environment

16
Interaction of Historical Forces, Environment,
the Corporation

• Historical --? Trends --? Corporation
• _________________

17
Objectives of this class

• Define the three main terms of business,
  government, society (BGS)
• Be aware of the importance of the Social Contract
• Describe the four main models (ideologies) of BGS
• Describe the relationship between historical
  forces, current trends, and the modern
  corporation

18
Four Objectives of this class

• Define the three main terms of business,
  government, society (BGS)
• Be aware of the importance of the Social Contract
• Describe the four main models (ideologies) of BGS
• Describe the relationship between historical
  forces, current trends, and the modern
  corporation