Professional Documents
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Chapter Topics
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FIGURE 1.1
Environmental Dimensions Affecting Industries,
Organizations, and Jobs
Economic environment
Technological
Political
Governmental and regulatory
Legal
Demographic
Stakeholder Management
Approach
The stakeholder management approach is a way of
understanding the effects of environmental forces and
groups on specific issues that affect real-time
stakeholders and their welfare.
This approach attempts to enable individuals and
groups to articulate collaborative win-win strategies:
based on:
FIGURE 1.2
Primary vs. Secondary Stakeholder Group
Choices about what the laws should be and whether to follow them
Choices about economic and social issues outside the domain of law
Choices about the priority of self-interest over the companys interests
Government
Sales
Law
Media
Finance
Medicine
Banking
Manufacturing
Tobacco industry
Dow Corning
Costs to businesses include:
Deterioration of relationships
Damage to reputation
Absenteeism
FIGURE 1.3
Business Ethics Levels
Stage 1: Punishment