3. Business Power - 3 Business Power How Power Changes...

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3. Business Power, How Power Changes Society Power- the force or strength to act Exists on a spectrum of strength Business power can alter history Can create change or prevent change Many sources of power wealth position knowledge law military social status charisma public opinion is unevenly distributed Business Power is the force behind business actions that change the world A Social Contract gives Business Power a moral basis Corporations violate the social contract when they harm the public welfare Levels & spheres of Corporate Power Power is exercised at surface and deep levels The exercise of power occurs in the dynamic business environment Economic Power exert power through control of resources Technological Power ability to influence the development and use of new innovations Political Power ability to influence governmental decisions Legal Power force to shape the laws of society Cultural Power ability to influence cultural values Environmental Power the impact of a company on nature Power over individuals
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