BUSINESS AND GOVERNMENT

1. BUSINESS AND GOVERNMENT Bus & Gov Intro

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 Bus & Gov Intro

3. Ch 1 Framework and Introduction to the field • Ch. 1, Steiner & Steiner Bus & Gov Intro

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 Bus & Gov Intro

5. How do we define BGS? • Business • Government • Society • Ideas • Institutions • Material things Bus & Gov Intro

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. Bus & Gov Intro

7. Four Models • Market capitalization • Dominance • Dynamic forces • Stakeholder model Bus & Gov Intro

8. Four Issues Per Model • Basic belief or perspective vs. fact • Assumptions/requirements • Strengths/Weaknesses • What countries and when do/did these models exist? Bus & Gov Intro

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 Bus & Gov Intro

10. Ch. 2 Framework for The Business Environment • Ch. 2, Steiner & Steiner Bus & Gov Intro

11. Enron, Bechtel, & Dabhol Power Plant Bus & Gov Intro

12. Major Outline of the Chapter • Volatiliy • Historical Forces • Six Key Environments Bus & Gov Intro

13. Volatility • Which industries do you see that must be seen and mastered • Eye industry -- glasses, lasik, and inserts Bus & Gov Intro

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 Bus & Gov Intro

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 Bus & Gov Intro

16. Interaction of Historical Forces, Environment, & the Corporation Historical -- Trends -- Corporation ___^_______^_______| Bus & Gov Intro

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 Bus & Gov Intro

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 Bus & Gov Intro