Exploration of opportunities and challenges pluralism produces for modern managers

Student Instructions:

Describe today’s pluralist society and outline the challenges and opportunities it presents for modern businesses. Do you believe this provides further justification for a stakeholder approach to business? Provide evidence for your argument.

Please use standard essay formatting and incorporate the Harvard referencing system.

Word Count: 1500-2000 words

Key points for consideration:

• Definition/Explanation of pluralism (a pluralist Society)

o   Increasingly complex business landscape

o   Balance between various S.I.G’s should lead to a balanced sharing of power and overall societal gain

• Exploration of opportunities and challenges pluralism produces for modern managers
• Rise of large MNC’s (Power/Influence)
• Power/Influence of more diverse range of stakeholders (e.g. grass roots organisations, community groups, etc.)
• Clear link between a pluralist society and a stakeholder approach to business

o   Evidence of increasing relevance of SH approach, including relevant examples

o   Increasingly varied, shifting, and complex set of stakeholder to consider

o   Mention of ethics/CSR

• Appropriate examples/case studies
• Inclusion of relevant theory and references (Harvard referencing system)