What Impact Has Corporate Power Had On The Social World Essay

What Impact Has Corporate Power Had On The amicable World - Essay ExampleTo meet this desire of the stakeholders most of the integrated houses have a stipulate set of tender goals which is treated as a donation of the overall business activities. Nowadays, the objectives of the business merchant ship no more be limited to achieving business profits. It cannot be considered as a money generating mold set up with the sole purpose of profit generation. Previously, the businesses were established with some short bourn goals with lilliputian concern for the long term scenario. However, in the current environment the focus of the business has shifted from short term to long term perspective. This renewed focus is beneficial for the companies as well as the rules of order in general. In fact the businesses now play a significant utilization in the society. They take part in a number of social activities. The companies direct a significant amount of funds towards achieving the soci al needs. The funds ar used for the development of schools, institutions, parks, etc. The big corporate houses sponsor sports and cultural programs. The corporate actively indulge in functions other than pursuing their business interests. The companies thus play an important role in the development of the society. Various factors in the society have led to the creation of a mode that foster the criticism and prosperity of the business. While some of these factors ar inter-related yet again there are some factors that are independent. Affluence and Education- The two factors- education and affluence have developed alongside. The empowerment of the society has raised the expectations from institutions like the businesses. Affluence includes aspects like wealth level, disposable income and livelihood standard of the society. The measures of standard of living in US suggest a continuous growth over the decades however this growth has curtailed in the last five years. Besides a risin g standard of living an improvement in the pro forma education has also raised the expectations of the society. A combination of these factors has laid the foundations of a society that encourages criticisms of the business. Increased sense through internet and video recording- Though the reach of the print media is limited, the electronic media i.e. television is accessible to a wider populace. The television facilitates transmission of the information to wider audiences thereby creating an environment of business criticism. News programs The business criticism appears on the electronic media in three ways. Firstly, this is through the news shows and investigative programs. A study conducted by the Corporate temper Watch senior executives highlights that media criticism and irresponsible or unethical behavior can be a serious threat to the reputation of a company. While a majority of the business leaders are of the view that the news programs are against them and therefore over state the facts and exaggerate the issue but the journalist intoxicate it in a different light. The