BUSINESS AND SOCIETY ETHICS SUSTAINABILITY AND STAKEHOLDER MANAGEMENT LEARNING WORKBOOK 2026 CORPORATE SOCIAL RESPONSIBILITY AND STAKEHOLDER THEORY

BUSINESS AND SOCIETY ETHICS
SUSTAINABILITY AND STAKEHOLDER
MANAGEMENT LEARNING WORKBOOK 2026
CORPORATE SOCIAL RESPONSIBILITY AND
STAKEHOLDER THEORY

◉ Society.
Answer: a community, a nation, or a broad group of people with
common traditions, values, institutions, and collective activities and
interests.


◉ Macroenvironment.
Answer: the total environment outside the firm, the comprehensive
societal context in which the organization resides.


◉ Social environment.
Answer: Demographics, lifestyles, social values


◉ Economic environment.
Answer: Nature and direction of the economy in which business
operates

, ◉ Political environment.
Answer: Processes for passing of laws and election of officials,
interactions between firms, politics, and government


◉ Technological environment.
Answer: Changes in technological advancements taking place in
society


◉ Characteristics of a pluralistic society.
Answer: -prevents power from being concentrated in the hands of
few
-maximizes freedom or expression and action
-set of loyalties to organizations, and minimizes danger that a leader
will be left uncontrolled
-provides built-in set of checks and balances


◉ Weakness of a pluralistic society.
Answer: -it creates an environment in which diverse institutions
pursue their own self-interests with the result that there is no
unified direction to bring together individual pursuits
-groups and institution proliferate to the extent that their goals start
to overlap


◉ Characteristics of special interest groups.