Chapter 11-1 Chapter 11 BUSINESS & SOCIETY Ethics and Stakeholder Management Carroll & Buchholtz 6e Business and Society: Ethics and Stakeholder Management, 6e Carroll & Buchholtz Copyright ©2006 by South-Western, a division of Thomson Learning. All rights reserved Prepared by Deborah Baker Texas Christian University  BUSINESS’S INFLUENCE on GOVERNMENT and PUBLIC POLICY

Chapter Describe the evolution of corporate political participation. 2. Differentiate among the different levels at which business lobbying occurs. 3. Explain the use of political action committees (PACs), in terms of:  Historical growth  Magnitude of activity  Arguments for and against them Chapter 11 Outcomes

Chapter Define coalitions and describe the critical role they assume in corporate political involvement. 5. Discuss the Bipartisan Campaign Reform Act and other issues surrounding campaign financing. 6. Outline the principal strategic approaches to political activism that firms are employing. Chapter 11 Outcomes (continued)

Chapter 11-4 Chapter 11 Outline  Corporate Political Participation  Coalition Building  Political Action Committees  Summary

Chapter 11-5 Corporate Political Participation Lobbying PACs Coalition Building Political Strategy The process of influencing public officials Instruments through which business uses financial resources to influence government Business and other groups joining forces to achieve common goals To secure position of advantage regarding a given regulation or piece of legislation

Chapter 11-6  accommodative mode  astroturf lobbying  Bipartisan Campaign Reform Act  bundling  coalitions  company lobbying  contingency approach  cyberadvocacy  defensive mode  527s  Golden Rule of Politics  grassroots lobbying  hard money  lobbying  political action committees (PACs)  political involvement  positive activism  regulatory life cycle  soft money  trade associations  umbrella organizations Selected Key Terms