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Lecture Business and society: Stakeholders, ethics, public policy: Chapter 9 - Anne Lawrence, James Weber

Chapter 9 - Influencing the political environment. The purpose of this chapter is: Understanding the arguments for and against business participation in the political process, knowing the types of corporate political strategies and the influences on an organization’s development of a particular strategy, assessing the tactics businesses can use to be involved in the political process, examining the role of the public affairs department and its staff, recognizing the challenges business faces in managing business–government relations in different countries. | chapter 9 Influencing the Political Environment Copyright © 2014 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin Ch. 9: Key Learning Objectives Understanding the arguments for and against business participation in the political process Knowing the types of corporate political strategies and the influences on an organization’s development of a particular strategy Assessing the tactics businesses can use to be involved in the political process Examining the role of the public affairs department and its staff Recognizing the challenges business faces in managing business–government relations in different countries 9- The Arguments for and against Political Involvement by Business Figure 9.1 9- Business as a Political Participant Many business executives and managers see their role in the political process as vital to the progress (and possibly survival) of their company 2011 Harris poll showed concern about business influence: 88% of public polled felt | chapter 9 Influencing the Political Environment Copyright © 2014 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin Ch. 9: Key Learning Objectives Understanding the arguments for and against business participation in the political process Knowing the types of corporate political strategies and the influences on an organization’s development of a particular strategy Assessing the tactics businesses can use to be involved in the political process Examining the role of the public affairs department and its staff Recognizing the challenges business faces in managing business–government relations in different countries 9- The Arguments for and against Political Involvement by Business Figure 9.1 9- Business as a Political Participant Many business executives and managers see their role in the political process as vital to the progress (and possibly survival) of their company 2011 Harris poll showed concern about business influence: 88% of public polled felt business had too much political power 87% felt political action committees (a favorite business political tactic) were too powerful At the same time only 5% of respondents felt small business had too power in the political environment 9- Stakeholder Groups in Politics Various stakeholder groups, representing many varied concerns and populations, have a voice in politics and the public policy process Labor unions have a longstanding role in U.S. politics AFL-CIO (a federation of unions) and the Teamster Union have formed political action committees to influence electoral races and legislation Ad hoc coalitions Diverse business organizations and interest groups band together in support or opposition to a specific legislative or regulatory initiative 9- Influencing the Business-Government Relationship Business leaders and scholars agree that firms must participate in the political process Stakes are too high for business not to be involved Government acts on issues that affect .