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(Ebook PDF) Business and Society: A Strategic Approach to Social Responsibility & Ethics, 7th edition
ISBN-10: 1948426226
ISBN-13: 978-1948426220
Authors: Ferrell (Author), Thorne (Author)
Business and Society A Strategic Approach to Social Responsibility & Ethics – 7th edition pdf download
Brief Table of Contents
1 Social Responsibility Framework 2
2 Strategic Management of Stakeholder Relationships 36
3 Corporate Governance 64
4 Business, Government, and Regulation 94
5 The Impact of Business on Government and the
Political Environment 120
6 Business Ethics and Ethical Decision-Making 146
7 Strategic Approaches to Improving Ethical Behavior 178
8 Employee Relations 212
9 Consumer Relations 248
10 Community Relations and Strategic Philanthropy 274
11 Technology Issues 306
12 Sustainability Issues 340
13 Social Responsibility in a Global Environment 378
PREFACE
This edition of Business and Society: A Strategic Approach to Social Responsibility has been thoroughly updated to capture new challenges and evolving opportunities. We were one of the first business and society textbooks to use a strategic framework that integrates business and society into organizational strategies, and now we are pleased to introduce our seventh edition. Today in corporate America, social responsibility is a major consideration in strategic planning. Most boards of directors face issues related to sustainability, legal responsibilities, employee well-being, consumer protection, corporate governance, philanthropy, as well as emerging social issues. Social responsibility has been linked to financial performance, and business and society courses are as important as other functional areas in preparing students for their careers.
In this text, we demonstrate and help the instructor prove that social responsibility is a theoretically grounded yet highly actionable and practical field of interest. The relationship between business and society is inherently controversial and complex, yet the intersection of its components, such as corporate governance, workplace ethics, community needs, and technology, is experienced in every organization. For this reason, we developed this text to effectively assist decisionmaking and inspire the application of social responsibility principles to a variety of situations and organizations.
Because of this transformation of corporate responsibility, the seventh edition of Business and Society: A Strategic Approach to Social Responsibility is designed to fully reflect these changes. We have been diligent in this revision about discussing the most current knowledge and describing best practices related to social responsibility. The innovative text, cutting-edge cases, and comprehensive teaching and learning package for Business and Society ensure that business students understand and appreciate concerns about philanthropy, employee well-being, corporate governance, consumer protection, social issues, and sustainability.
We also address how technology, including artificial intelligence (AI) and its enablers, such as blockchain, drones, and robotics, is impacting the world we live in. AI is rapidly changing business as we know it and raises many ethical concerns about how the technology is used. For example, without ethical decision-making abilities and parameters, AI could result in accidental or intentional discrimination.
Businesses must establish checks and balances to make public safety and security a priority. Additionally, AI is quickly changing the workforce as more automated tasks are performed by robots and drones. We address all of these advancements in technology and the benefits and threats they bring.
Business and Society is a highly readable and teachable text that focuses on the reality of social responsibility in the workplace. We have revised the seventh edition to be the most practical and applied business and society text available. A differentiating feature of this book is its focus on the role that social responsibility takes in strategic business decisions. We demonstrate that studying social responsibility provides knowledge and insights that positively contribute to organizational performance and professional success. This text prepares students for the social responsibility challenges and opportunities they will face throughout their careers.
We provide the latest examples, stimulating cases, and unique learning tools that capture the reality and complexity of social responsibility. Students and instructors prefer this book because it presents examples, tools, and practices needed to develop and implement a socially responsible business strategy. Finally, this book makes the assumption that students will be working in an organization trying to
improve social responsibility and will not be just critics of business.
Important Changes to the Seventh Edition The seventh edition has been revised to include new examples, vignettes, and cases.
A new full-color design is more engaging and helps the student better understand the visual supports in the book.
Each chapter of the text has been updated to include recent social responsibility issues related to the economy, ethical decision-making, and concerns about corporate governance. Chapter 4 has been broken out into two chapters: Chapter 4, Business, Government, and Regulation and Chapter 5, The Impact of Business on Government and the Political Environment. This allowed us to expand the content and include more real-world examples to help students better understand the concepts. Chapter 11, Technology Issues, has been updated to include a new section on artificial intelligence, introducing key terms such as machine learning and deep learning.
Opening cases at the start of each chapter address a variety of issues related to the chapter content, including strategic philanthropy, fraud, corporate culture, and sustainability. Companies featured in these cases include IKEA, the NFL, Cascade Engineering, and Alibaba. Additional real-world examples of corporate social responsibility are provided in the Ethical Responsibilities and The Earth in Balance boxed readings. The Ethical Responsibilities boxed readings include ethical challenges in different areas of business, including human resources, marketing, banking, and technology. Topics discussed in these vignettes include blockchain technology, the legalization of marijuana, and minimum wage. The Earth in the Balance boxed readings focus on social responsibility related to sustainability issues. These vignettes discuss green initiatives at companies such as Evrnu and Patagonia.
The Responsible Business Debate exercise at the end of each chapter introduces a business-related issue and presents two competing perspectives. The debate is positioned so that class teams can defend a position and analyze topics, giving students the opportunity to engage in active learning. Topics discussed include the U.S.-China trade war, the sustainability of nuclear energy, and the downside of technology.
We have provided 15 case studies at the back of book for use as assignments and for class discussion. All of the cases are new or significantly updated. They include Google and privacy solutions, Volkswagen and sustainability, and ethics at Apple.
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