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23 Cards in this Set
- Front
- Back
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affluence
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Refers to the level of wealth, disposable income, and standard of living of the society
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business
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A collection of private, commercially orineted (profit-oriented) organizations, ranging in size form one person proprietorships to corporate giants
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business ethics
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Focuses on ethical issues that arise in the commercial realm. One of the most critical dimensions of business and society relationships
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economic environment
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Focuses on the nature and direction of the economy in which business operates. Variable include ross national product, inflation, interest rates, unemployment rates, foreign-exchange fluctuations, global trade, balance or payments, and various other indicators of economic activity
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education
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Alongside an increased standard of living there has been a growth in the average formal education of the populace. As society becomes more educated, their expectations of life generally rise.
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business power
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The ability or capacity to produce an effect or to bring influence to bear on a situation or people. Power in and of itself, may be either positive or negative
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entitlement mentality
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The general belief that someone is owed something just because she/he is a member of society
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ethics
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Refers to issues or right, wrong, fairness, and justice
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macroenvironment
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The total environment outside the firm--the complete societal context in which the organization resides
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pluralism
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A diffusion of poer among society's many groups and organizations
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political environment
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Focuses on the processes by which laws get passed and officials get elected and all other aspects of the interaction between the firm, political processes, and government
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revolution of rising expectations
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A belief or an attitude that each succeeding generation ought to have a standard of living higher than that of its predecessor
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rights movement
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Interrelated with the special interest society and follows an "entitlement" mentality among some people and within some sectors of society based on the Bill of Rights
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social contract
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A set of 2-way understandings that characterize the relationship between major institutions--business and society
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social environment
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Focuses on demographics lifestyles, and social values of the society
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social problem
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The gap between society's expectations of social conditions and the current social realities
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society
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A community, a nation, or a broad grouping of people having common traditions, values, instituions, and collective activities and interests
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special interest society
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The idea of pluralism is pursued to an extreme, a society is created that is characterized by tens of thousands of special interest groups, each pursing it own focused agenda--"a group for every cause"
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stakeholder management
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to understand and actively manage the company's relationships with interest groups such as customers, employees, distributors, shareholders or the general public
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stakeholders
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Individuals or groups with which the business interacts who have a "stake" or vested interest in the firm
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technological environment
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The total set of technology-based advancements taking place in society. Includes new products, processes, and materials, as well as the states knowledge and scientific advancement
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victimization philosophy
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Might be called a "revoltuion of rising sensitivities" in which grievance begets grievance--feelings rather than reason prevail and people start perceiving that they are being unfairly "hurt" by society's institutions--government, business, and education
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iron law of responsiblity
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A concept that addresses social responsiblity--whenever power and responsibility become substantially out of balance, forces will be generated to bring them into closer balance.
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