Topic > The Role of Business in Society - 1779

The problem to be investigated is to understand Dr. Novak's discussions on the role played by business in society. The discussion focuses on topics related to understanding the origins of society, understanding the difference between societies in the United States and Great Britain, understanding the different definitions of stakeholders, understanding the differences between democracy and social democracy, and understanding the role evolving business. (Jennings, 2009) Additionally, the views of Plato, Cicero, and Weaver are integrated to add depth to the discussion. The problem to be investigated is to understand Dr. Novak's discussions about the role that business plays in society. The discussion focuses on topics related to understanding the origins of society, understanding the difference between societies in the United States and Great Britain, understanding the different definitions of stakeholders, understanding the differences between democracy and social democracy, and understanding the role evolving business. (Jennings, 2009) Additionally, the views of Plato, Cicero, and Weaver are integrated to add depth to the discussion. Origins of Guilds Guilds began in the early Middle Ages through humble societies and later developed as monasteries, cities, and universities. These companies were exclusive and strictly controlled by the state. In America in 1636, Harvard University began as a corporation. (Jennings, 2009) This was much to the dismay of those across the Atlantic, as US citizens desired independence from royal charters and wanted to create corporations to suit their needs. By 1750, the American colonies had six universities, while England still… middle of paper… different times for the needs of its creators. (Jennings, 2009)ConclusionDr. Novak has strong and well-considered views on the role of business in society. His belief is that business in the United States is a stronger and better society because of its ability to provide rewards to stakeholders rather than to society as a whole. Dr Novak also adds to his thesis that by understanding the differences between companies and between stakeholders in the US and Britain it is possible to identify the motivations and strengths of companies. (Jennings, 2009) Novak's beliefs can be further supported by others on the topic including: Plato, Cicero, Aristotle (Henderson et al, 2009) and Weaver. (Weaver 2008) Dr. Novak also includes a discussion of understanding the evolving role of business. (Jennings, 2009)