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    Plularist Theory

    Uploaded by

    Ankit Jani
    The document discusses two perspectives on business power: the pluralist theory and boundaries of managerial power. Under the pluralist theory, power is diffused among multiple groups and no single entity has overriding power, reflecting democratic values. However, pluralist democracy favors well-organized groups, and the poor are least likely to be interest group members. Regarding managerial power, governments and laws regulate business, social interest groups represent all segments of society to restrain business, and markets impose limits on corporate power. Ultimately, corporate power needs to remain accountable to democratic controls and directed toward public welfare to maintain legitimacy.

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    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd

    Plularist Theory

    Uploaded by

    Ankit Jani
    30 views8 pages
    The document discusses two perspectives on business power: the pluralist theory and boundaries of managerial power. Under the pluralist theory, power is diffused among multiple groups and no single entity has overriding power, reflecting democratic values. However, pluralist democracy favors well-organized groups, and the poor are least likely to be interest group members. Regarding managerial power, governments and laws regulate business, social interest groups represent all segments of society to restrain business, and markets impose limits on corporate power. Ultimately, corporate power needs to remain accountable to democratic controls and directed toward public welfare to maintain legitimacy.

    Original Title

    1021020 - plularist theory

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    The document discusses two perspectives on business power: the pluralist theory and boundaries of managerial power. Under the pluralist theory, power is diffused among multiple groups and no single entity has overriding power, reflecting democratic values. However, pluralist democracy favors well-organized groups, and the poor are least likely to be interest group members. Regarding managerial power, governments and laws regulate business, social interest groups represent all segments of society to restrain business, and markets impose limits on corporate power. Ultimately, corporate power needs to remain accountable to democratic controls and directed toward public welfare to maintain legitimacy.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    30 views8 pages

    Plularist Theory

    Uploaded by

    Ankit Jani
    The document discusses two perspectives on business power: the pluralist theory and boundaries of managerial power. Under the pluralist theory, power is diffused among multiple groups and no single entity has overriding power, reflecting democratic values. However, pluralist democracy favors well-organized groups, and the poor are least likely to be interest group members. Regarding managerial power, governments and laws regulate business, social interest groups represent all segments of society to restrain business, and markets impose limits on corporate power. Ultimately, corporate power needs to remain accountable to democratic controls and directed toward public welfare to maintain legitimacy.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 8

    BG & IS

    CIA -I

    Submitted by : Ankit Jani


    Reg. no.: 1021020
    1MBA-J
    Two perspective of Business Power:
    Pluralist Theory
     Pluralistic society:

    A society with multiple groups and


    institutions through which power is diffused.
     No entity or interest has overriding power, and each may
    check and balance others
     Infused with democratic values
     American society encompasses a large population
    spread over a wide geography and engaged in diverse
    occupations
     The Constitution encourages pluralism
    Three of the major tenets of the
    pluralist school are:
     Resources and hence potential power are
    widely scattered throughout society;
     At least some resources are available to
    nearly everyone; and
     At any time the amount of potential power
    exceeds the amount of actual power.
     American politics fits the pluralist model
    quite well
     Pluralist democracy favors the well-organized
     The poor are the least likely to be interest group
    members
    Boundaries of Managerial Power
     Governments and laws in all countries
    regulate business activity.
     Social interest groups represent every
    segment of society and use many methods to
    restrain business.
     Social values are transmitted across
    generations, reflected in public opinion, and
    embedded in the law.
     Markets and economic stakeholders impose
    strong limits.
    Concluding remark

     If corporate power remains generally


    accountable to democratic controls,
    society will accord it legitimacy.
     If rule by law and a just economy exist,
    corporate power will broadly and
    ultimately be directed toward public
    welfare.

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