Badm Ch 9

Front 1

Why Business Should Be Involved with Government

Back 1

Pluralistic system invites many participants
Economic stakes are high for firms
Business counterbalances other social interests
Business is a vital stakeholder of government

Front 2

Why Business Shouldn't be Involved in Government

Back 2

Managers arent qualified to engage in political debates
Business is too big, powerful
Business is too selfish to care about the common good
Business risks its credibility by engaging in partisan politics

Front 3

Ad Hoc Coalitions

Back 3

two or more participants joining together
groups come together to organize for or against a particular legislation or regulation

Front 4

Corporate Political Strategy

Back 4

involves the activities taken by organizations to acquire, develop, and use power to obtain an advantage

Front 5

Three types of business political actions

Back 5

Information strategy: businesses seek to provide government policy makers with info to influence them
Financial Incentives: businesses provide incentives to influence policy makers to act in a certain way- contribution to political action committee etc
Constituency Building: where businesses seek to gain support from other affected organizations to better influence government policy makers

Front 6

Lobbying

Back 6

companies hire full time representatives in washington or state capitals to keep up with developments affecting the company and to communicate with government officials

Front 7

Revolving Door

Back 7

circulation of individuals between business and government is often referred to as the revolving door

Front 8

Business Roundtable

Back 8

one of the most effective organizations promoting direct communication with business and policymakers

Front 9

Political Action Committees

Back 9

PAC's are independently incorporated organizations that can solicit contributions and then channel those funds to candidates seeking political office

Front 10

Economic Leverage

Back 10

occurs when a business uses its power to threaten to leave a city, state, or country unless a desired political action is taken

Front 11

Stakeholder Coalitions

Back 11

groups of people, employees, stockholders, customers, local community to support their political agenda

Front 12

Advocacy Advertising

Back 12

ads that focus on a company's controversial political issues

Front 13

Trade Associations

Back 13

coalitions of companies in the same or related industries to coordinate their grassroots mobilization campaigns

Front 14

Levels of Business Political Involvement

Back 14

Limited Organizational Involvement: contribution to action committees
Moderate Organizational Involvement: indirect yet personal, organizational lobbyists, employee grassroots movement
Aggressive Organizational Involvement:direct and personal, executive participation, public policy development

Front 15

Bundling

Back 15

taking political contributions from stockholders and pooling them together to then distribute them to political candidates or causes

Front 16

Public Affairs Department

Back 16

role is to manage the firms interactions with governments at all levels and to promote the firms interests in the political process

Front 17

Soft Money

Back 17

unlimited contributions tot he national political parties by individuals or organizations for party building activities

Front 18

527 organizations

Back 18

named after their provision in the tax code
organizations provide potential contributors a new and legal way to contribute to and influence the election of a candidate or bring attention to a political issue