This book is about interrelationships among business, government, and society and how they affect business managers. Today, these interrelationships are continuously and rapidly changing. Managers steer companies through a world continuously altered by two powerful forces. First, deep historical forces reshape economic, cultural, political, technological, and ecological terrain with companies operate. Second, increasingly numerous stakeholders challenge traditional ideas about when corporation being ethical and social responsible. This edition places greater emphasis on legal issue than the last. Because of growing government regulation since 1960s, legal issues are continually more prominent in the business environment. As in last edition, we begin each chapter with a true story or incident that illustrates key concept.