Questions

1. Describe and explain business and society as foundational concepts. Describe how society is viewed as the macroenvironment. 2. Explain the characteristics of a pluralistic society. Describe pluralism and identify its attributes, strengths, and weaknesses. 3. Define a special-interest society and describe how it evolves. 4. Identify, discuss, and illustrate the factors leading up to business criticism and corporate response. What is the general criticism of business? How may the balance of power and responsibility be resolved? What is the changing social contract?5. Highlight the major focuses or themes of the book: managerial approach, business ethics, sustainability, and stakeholder management. 6. Describe some early views of corporate social responsibility (CSR). Explain how CSR evolved and encompass economic, legal, ethical, and philanthropic components. Explain the Pyramid of CSR. 7. Articulate the traditional arguments both against and for CSR. Explain how the business case for CSR has strengthened the concept's acceptance. 8. Describe how the concept of corporate social responsiveness differs from CSR. 9. Explain how corporate social performance (CSP) became more popular. Describe how it is different than CSR. Elaborate on how it differs from corporate social responsiveness. 10. Identify origins of the stakeholder concept by explaining what a stake is and what a stakeholder is. 11. Explain who business's stakeholders are in primary and secondary terms. 12. Differentiate among the three stakeholder approachesstrategic, multifiduciary, and synthesis. 13. Identify and explain the three values of the stakeholder model. 14. Name and describe the five key questions that capture the essence of stakeholder management. 15. Explain major concepts in effective stakeholder management to include stakeholder thinking, stakeholder culture, stakeholder management capability, and stakeholder engagement. 16. Describe the three strategic steps toward global stakeholder management. 17. Link the issue of legitimacy to corporate governance. 18. Discuss the problems that have led to the recent spate of corporate scandals and problems in corporate governance. 19. Discuss the principal ways in which companies can improve corporate governance. 20. Discuss the role of shareholders and the idea of strengthening shareholder voice. What are some of the mechanisms that enable this? 21. Discuss the role of the SEC in protecting investors. 22. Discuss the principal way in which shareholder activists exert pressure on corporate management to improve governance. 23. Discuss investor relations and the concept of shareholder engagement. 24. Compare and contrast the shareholder-primacy and the director-primacy models of corporate governance. What are their strengths and weaknesses? Which do you prefer and why? 25. Distinguish between risk management, issue management, and crisis management. 26. Describe the major categories of risk and some of the factors that have characterized risk management in actual practice. 27. Define issue management and the stages in the issue management process. 28. Define crisis management and identify four crisis stages.29. List and discuss the major stages or steps involved in managing business crises. 30. Describe the public's opinion of business ethics. 31. Define business ethics, explain the conventional approach to business ethics and identify the sources of ethical norms in individuals. 32. Analyze economic, legal, and ethical aspects of a decision by using a Venn model. 33. Identify, explain, and illustrate three models of management ethics. 34. In terms of making moral management actionable, describe and discuss Kohlberg's three levels of moral development and Gilligan's ethics of care. 35. Identify and discuss six major elements of moral judgment