Exam of MGM business and society
1. Why is the BGS field important to managers?
2. Next, discuss how the concept of corporate responsibility could relate to the Volkswagen diesel car case. To do this, find three to five short news articles on the current issues the VW is facing. These could (should) include the issues we discussed in class, such as harm to customers, shareholders, the environment; VW's handling of some of these news events. Describe the issues and answer these questions:
a) What issues were ethical or unethical and why?
b) How did the public realize VW had lied about following current laws?
c) How responsive has VW been to their critics?
3. In the external environments of business, discuss the technological environment and the cultural environment. In the cultural environment be sure to include a discussion of postmaterialism values. Next, find one WSJ article that relates to each of these external environments and briefly describe how the article applies to each.
4. Discuss the two perspectives of Business Power.
5. Discuss the critics of business as described. You must discuss: the origins of critical attitudes toward business, the American critique of business, and the global critics of business.