week3 - Chapter3Bus61BUSandSocity

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1.  Please define and explain business power.  Please  include a good example of business power in your  answer. Business power: the force behind an act by a company, industry, or  sector. Its basic origin is grant of authority from society to convert  resources efficiently into needed goods and services. In return for  doing this society gives corporations the authority to take necessary  actions and permits a profit. This agreement derives from the social  contract.  Corporate actions have an impact on society at two levels, and on  each level they create change. On the surface level, business power  is the direct cause of visible, immediate change, both great and small.  Corporations expand and contract, hire and fire; they make and sell  products.  On a deep level, corporate power shapes society over time through  the aggregate changes of industrial growth. At this level, corporate  power creates much indirect, unforeseen, and invisible effect. Multiple  level lines of events converge and interact in complex networks of  cause and effect. At this deep level, the workings of corporate power  are unplanned, unpredictable, and slow to appear, but they are far  more significant. 
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This note was uploaded on 02/26/2011 for the course BUSINESS Bus061 taught by Professor Hidi during the Spring '11 term at West Valley.

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week3 - Chapter3Bus61BUSandSocity

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