Question Description
Read the Standard Oil case study beginning on page 73-82 of the textbook as well as pp. 145150 of Exxon and the Control of Oil.
From the perspective of the Pluralist theory, consider the following prompts in your initial post:
- With reference to the seven levels of corporate power addressed in the text, how did the power of Standard Oil change society?
- Was the power exercised in keeping with the social contract of Rockefellers era?
- Does the story support the position of either the pluralist or dominance theory of business power?
- Also, state four reasons you will personally ascribe to pluralist theory.
- Explain your reasoning/ disagreements for not choosing the social contract from the perspective of the dominance theory.
Support with scholarly research cited in APA style.
Book: Business, Government, and Society: A Managerial Perspective
13th Edition
Steiner, John; Steiner, George