Charts, Models, and Diagrams - The Market Capitalism Model...

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The Market Capitalism Model BUSINESS WEAK IMPACT PRIMARY FORCE Figure 1.1 Weak impact Strong impact The market shelters business from direct impact from sociopolitical forces Classical capitalism
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The Dominance Model MASSES BUSINESS- GOVERNMENT ENVIRONMENTAL FORCES Figure 1.2 Preferred by critics of business Critics contend that business dominates the mass of people.
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The Countervailing Forces Model Figure 1.3 Environmental Economic conditions Markets War Technology Nature Culture change The Public Values Opinions Demands Supports Corporations Market operations Lobbying Leadership Government Statutes Regulations Political leadership Partisan behavior All elements of society influence the BGS relationship, but none dominate Strength of each force varies: •Power of competing interests •Intensity of public opinion •Influence of leaders
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The Stakeholder Model Corporation Stockholders Customers Employees Communities Governments Educational Institutions The Poor Future Generations Earth’s Biosphere Religious Groups Political Parties Creditors Political Interest Groups Trade Associations Suppliers Media Competitors Unions Primary Stakeholders Secondary Stakeholders Figure 1.4 Primary Secondary Those either burdened or benefited
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The Seven Key Environments of Business Figure 2.5 Economic Governmental Technological Cultural Natural Internal The Business Firm Legal Adapting to change is everyone’s responsibility These forces can bring rapid and comprehensive change.
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This note was uploaded on 03/26/2009 for the course BA 4307 taught by Professor Ritchey during the Spring '09 term at University of Texas at Dallas, Richardson.

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Charts, Models, and Diagrams - The Market Capitalism Model...

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