Society and Business

"What does it mean to say that "business" has
responsibilities? Only people can have responsibilities. ...the one and
only social responsibility of business is to increase profits..."
-- Milton Friedman
“The difficulty, in sociology, is to manage to think in a
completely astonished and disconcerted way about things you thought you had
always understood.”
-- Pierre Bourdieu
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Purpose of course
The primary purpose of this course is to help you see business and its
role in society in different ways. It is my hope that your understanding
of business and its place in society will evolve as you are both astonished and
disconcerted.
Methods
It can be difficult to step outside the box and see something
with which you are familiar -- such as business -- in a different light.
To help, we will employ social science methods. Thus, the course is
interdisciplinary in nature. This course will:
| 1. |
Define business and society and their interrelationship. |
| 2. |
Explain the major social and behavioral criticisms of
business and characterize business's general response. |
| 3. |
Explain how corporate social responsibility encompasses
economic, legal, ethical, and voluntary components. |
| 4. |
Define business ethics and describe the complexities of
making ethical judgments. |
| 5. |
Identify and describe the ethical elements of moral
judgment. |
| 6. |
Describe the major ethical challenges of operating in a
multicultural environment. |
| 7. |
Define government regulation and explain the major reasons
for regulation, the types of regulation, and social issues
arising out of regulation. |
| 8. |
Describe major types of regulatory reform and their
characteristics. |
| 9. |
Describe the evolution and current strategic approaches
business uses in political participation in local and global
venues. |
| 10. |
List and describe the major controversial advertising abuse
issues, and the role of the Federal Trade Commission. |
| 11. |
Describe product issues related to quality and safety, and
role of the Consumer Product Safety Commission and the Food and
Drug Administration. |
| 12. |
Describe causes of environmental problems and their social
impact. |
| 13. |
Describe governmental roles in environmental issue that
affect national and international settings. |
| 14. |
Describe social and economic reasons for community
involvement, corporate philanthropy and community employment
responsibilities. |
| 15. |
Explain employee rights movement and underlying principles. |
| 16. |
Describe the social impact of freedom-of-speech and whistle-
blowing issues. |
| 17. |
Describe concerns surrounding employees' right to privacy. |
| 18. |
Explain right to safety in the workplace and the role and
responsibilities of OSHA. |
| 19. |
Describe employment issues as they relate to race, color,
national origin, sex, age, religion, and physically challenged. |
| 20. |
Define the social and behavioral postures with respect to
affirmative action. |
| 21. |
Define the concept of corporate public policy and relate it
to strategic management. |
| 22. |
Describe issues relating to corporate ownership, corporate
governance, and responsiveness to corporate stakeholders. |