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Published byDrusilla Mary Hardy Modified over 6 years ago
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Public Issues: Problems for organizations and their stakeholders
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Business and Public Issues
Why do public issues matter? No organization can ignore legitimate stakeholders (or illegitimate stakeholders in some cases)
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Public Issues Performance Expectation Gap
Public issues often develop in predictable ways and companies can better prepare themselves by understanding the life cycle of these issues
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Public Issue Life Cycle
Phase 1: Changing Stakeholder Expectations Phase 2: Political Action Phase 3: Formal Government Action Phase 4: Legal Implementation
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Strategic Approach to Public Issues
Company must think proactively about how its plans will affect stakeholders (positively/negatively) Issues should be managed carefully and consistently An organization’s actions must be linked to its values and its performance must be linked with commitments
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Minimum Wage as a public issue
Federal minimum wage = $7.25/hour (July 2009) = $15,000/YEAR = $3,000 below the poverty line Poverty line for family of 4 = $23,050
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Minimum wage in CA Proposed increase to $9.00/hour
CA minimum wage = $8.00/hour Original minimum wage = .25/cents (October 1938)
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Business & Society (ETLW 302)
T. L. Ceranic Business & Society (ETLW 302)
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