Business and Society: Examining the Roles of Stakeholders, Ethics, and Public Policy
In today’s business world, there is an increasing focus on the social impact and responsibilities of companies. This has led to a growing body of research and literature on the topic of Business and Society, which explores the dynamic relationship between business and the broader society in which it operates.
One influential work in this field is Business and Society: Stakeholders Ethics Public Policy by Anne T. Lawrence and James Weber. This book provides a comprehensive analysis of the various factors that shape the relationship between business and society, including the roles of stakeholders, ethics, and public policy.
In the book, Lawrence and Weber also delve into the crucial role of ethics in business. They argue that businesses have a responsibility to act ethically, not just for the sake of society, but also for their own long-term success. By adhering to ethical principles, companies can build trust and credibility with stakeholders, attract and retain top talent, and mitigate risks such as legal and reputational damage.
Lastly, the authors examine the impact of public policy on the relationship between business and society. Government regulations and policies can have a significant influence on how businesses operate and interact with society. Lawrence and Weber discuss the pros and cons of various approaches to regulation, from laissez-faire to more interventionist approaches, and how these can impact businesses and society as a whole.
Ultimately, Business and Society offers a well-rounded and thought-provoking analysis of the complex and ever-evolving relationship between business and society. It provides valuable insights for both business professionals and policymakers on how to create a more responsible and sustainable business environment.
About the Authors
Anne T. Lawrence is a Professor of Management at San Jose State University and has taught courses on business and society, management, and ethics for over 30 years. She has also consulted for various organizations on social responsibility and sustainable business practices.
James Weber is an Emeritus Professor of Business Ethics at Duquesne University, where he taught for over 40 years. He has authored numerous books and articles on business ethics and corporate social responsibility and serves as a consultant and speaker on these topics for organizations worldwide.