Identify what steps being taken to derive long-term wealth

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Reference no: EM133475502

Homework: Business and Society Paper

Introduction

Welcome to Unit 3, The Social Contract: Time to Redefine? A major corporate response to business criticism has been to redefine the social contract. A social contract is an agreement among individual people in a society or between the people and their government that outlines the rights and duties of each party. In the context of business, this demonstrates the agreement of what the expectations are for private enterprise within society. While this was once defined only by business shareholders, or those who were financially invested, it is now defined by many different stakeholders.

As you navigate through the unit (using the arrows), make sure you click on the different links, read through the content, and watch the videos. Consider any parts that are unclear to you, and make note of them in your learning journal.

Historical Shifts in the Social Contract

The reading will bring you through the historical shifts in the social contract, and will describe the pervasive influences that have made it look the way that it does today. Further, it will give you some ideas for how the social contract could be shifted and rewritten to be brought up to date for the current decade and beyond.

Read and take notes on the following:

Morrison, J. (2020, May 2). ‘Could 2020 be the year we finally rewrite the social contract?' As you read through the article, consider any terms that are unfamiliar to you and note them in your learning journal.

Worth, T. (2021, July 20). Rewriting the social contract. Leader's Edge.

Learn about a new ideal social contract.

Written Homework

Many leaders would agree that a company's long-term wealth creation lies in the heart of the enterprise. The preservation and expansion of human, social and natural capital. Research and describe an example of a company that is doing this successfully. Describe the nature of their business and how they embed the long-term wealth creation. Or, invent an imaginary company that does this effectively and explain the nature of their business and how they manage to embed long-term wealth creation into the core of their corporate enterprise. Be sure to include your sources in your references list.

Written HOMEWORK Requirements

Prepare a full two-page (double-spaced) essay, plus title page and reference page (a minimum of four total pages). Use and cite at least one source that may come from either your reading homeworks or from alternate sources from the internet, the LIRN, or other sources which you have access to that provide valuable contributions to this homework.

Written Homework Peer Assessment

In the unit following the submission of your written homework, you will peer assess three of your classmates' homeworks according to the instructions found in the Assessment Form. During this peer assessment period, you are expected to provide details in the feedback section of the Assessment Form, indicating why you awarded the grade that you did to your peer.

Question 1. Did the student identify a company, real or imagined, that is successfully creating long-term wealth at the heart of its enterprise?

Question 2. Did the student identify what steps were being taken to derive long-term wealth and how the company is linked to the society in which it operates?

Question 3. Did the student identify any challenges that face the company's posture towards long-term wealth and steps being taken to overcome them?

Question 4. Did the student provide the sources to where information was found for the purposes of this homework, and was your peer's work written in complete sentences and grammatically correct?

Question 5. Is the paper two pages in length, not including the title page and the references page?

Question 6. Is the paper two pages in length, not including the title page and the references page?

Reference no: EM133475502

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