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Business, Government and Public Policy

Business, Government and Public Policy. Roster About course Syllabus Assignments/grading In-class exercises and participation McCombs professionalism policy Introduction to concepts and themes Next time. External Stakeholder Relations Map. F I R M. PARTNER. Shareholders.

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Business, Government and Public Policy

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  1. Business, Government and Public Policy • Roster • About course • Syllabus • Assignments/grading • In-class exercises and participation • McCombs professionalism policy • Introduction to concepts and themes • Next time

  2. External Stakeholder Relations Map F I R M PARTNER Shareholders Community National government local governments NGOs Neighbors Suppliers Management Project Manager Customers Employees

  3. Commercial Relationships

  4. Non-commercial relationships

  5. External Stakeholder Relations Map F I R M PARTNER Shareholders Community National government local governments NGOs Neighbors Suppliers Management Project Manager Customers Employees What kids of duties do these various arrows represent? Only duties imposed by law?

  6. How much attention should business firms pay to stakeholders? Do you agree or disagree? Why? The economist Milton Friedman once famously said that the only “social responsibility of business” is “to increase its profits so long as it stays within the rules of the game.”

  7. Where do politics, law and regulation fit? Regulatory license to operate FinancialSocial license tolicense to operateoperate Where does ethics fit?

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