ADMS 3660 Midterm: Mid term notes

• School: York University
• Department: Administrative Studies
• Course: ADMS 3660
• Professor: Hope

Document Summary

Karakowsky defines business as: collection of private, commercially oriented (profit orientated) organizations, ranging in size from one-person proprietorships to corporate giants. Society defined by karakowsky as: a community, a nation, or a broad grouping of people having common traditions, values, institutions, and collective activities and interests. Karakowsky looks at the environment from the macro level, and sees the environment as composed of 4 levels. This 4 level analysis provides a useful framework for understanding the issues facing business. Ours is a pluralistic society (pluralism is a condition in which there is diffusion of power among the society s many groups and organizations). A pluralistic society is one in which there is wide decentralization and diversity of power. (8) Because of pluralism, we have special interest groups (10) that act as checks and balances, to limit the power of organizations, and maximize freedom of expression and action.