Activities Influencing Awareness and Understanding of Interrelationship

            Society, government, and business are associated with each other in such a way that they appear as an interdependent system which affects and is affected by culture, politics, and economics. The work that we are doing also influences how we exist. It will influence the exact amount of money we spend and how we manage our time. Consequently, our lifestyle is influenced by it. Our community or culture affects professional and personal, interests, perceptions, and values while our priorities of work might influence our perceptions of some specific government policies. In a converse manner, government regulations and policies influence our organizational success, life quality, and living standard (Brookfield).

            Society, government, and business are a part of a very large entity, and it encompasses individuals, but their existence relies on their interaction. Hence, it can be said that we all are interdependent. And when we start to see society, government, and business as an interrelated system, we see both the trees and the forest. A system is a body which is composed of interconnected parts which are dependent mutually. Businesses are influenced by governmental, social, and economic interactions. There are both secondary and primary involvement and hence, secondary and primary stakeholder groups or individuals possessing an interest in the performance of an organisation. Collective and individual power is held by stakeholders who can hinder or benefit an organisation, and their actions might influence the organisation or business, and perhaps even society and government.

            It is simple to think of important Canadian events which demonstrate the interdependence of society, government, and business. Its fisheries are critical examples of the interconnection of business and society. Subtle interconnections are often overlooked, but they still exist. Business is influencing society and society is influencing the business. These effects can be both weak and powerful. For instance, the decision of a person about avoiding a specific product might not influence the share value of a business, but shifts in the preferences of customers can mean the elimination of bean-bag chairs and yoyos (Gregorio D'Agostino).

            Successful organisations seem to pay very close attention to consumer interests and societal trends, and they also invest a lot of money to convince whole markets that their T-shirts or jeans are the right sit for individuals of a specific demographic. Other than tracking consumer trends and fashion trends, effective organisations heed some certain stakeholder concerns concerning problems like community contribution, labour rights, and environmental performance. The interaction and communication among stakeholders are what develops the system. If systems thinking is applied, patterns of interrelationship might be observed, and this might help a person in making more effective decisions both in society and business. As community members, shareholders, employees, consumers, and individuals, we might feel powerless from a specific responsibility because we don’t think that a difference can be made by our actions. But it is not the truth because stakeholders are capable of harnessing collective and individual power by aligning with or by voting an activist group, consumer coalitions, and advocacy groups etc (Turku).

            Overall, it can be said that businesses and societies are interconnected because any large decision they take has an immediate effect on each other. For instance, if a business increases the prices of its products, then customers will be influenced as they will have to pay more. In turn, society is affected by it because people make societies.

1.      Challenges of Dealing with Conflicts and Confluence

A large number of social and public issues are faced by organizations. Normally, they are concerned with conflicting interests. For instance, SARS or severe acute respiratory syndrome in 2003 with its effects on the Canadian economy, government, and businesses should be considered. The management of this issue was subjective of media and public scrutiny. Another example of such attention and conflict was followed by the death of Robert Dziekanski who was seemingly tasered by the officers of RCMP at the VIA or Vancouver International Airport in the early hours of 15^th October 2017. Throughout the country and the world, Canadian Immigration and Customs officials along with the police force had to face not only public outcries but also media coverage and analysis. Using a camera of a cellphone, a bystander was capable of using the internet for sharing the video of the scene.

With innovations and advancements in technology, greater access has been prompted to information, and the pace of change has been accelerated. Due to it, leaders are facing various challenges in managing the expectations and interests of stakeholders. In international society, the growing complexities within organisations add another element or dimension which involves the potential for additional networks or layers of secondary and primary stakeholders. If their requirements are not fulfilled, actions might be taken by stakeholders, and government and business will be pressurised to make different changes concerning their environmental, economic, and social issues.

It can be said that managing the gap between stakeholder or customer expectations and the original performance is one of the most important challenges which are being faced by the organisations. Large firms might have some officers of public affairs, governmental relations, shareholder relations, consumer affairs, employee communications, and relations with trade associations, groups of public interests, and economic issues. The gap is strategically managed by them between the expectations of the stakeholders and the performance of the organisation. To control the media, some controls are exerted by governments on media promotions and advertising. For instance, there are some significant limitations on tobacco sponsorship and advertising in Canada. This intervention is capable of addressing socially or ethically responsible for media advertising and promotions (Dietz.).

            Organisations are unable to manage stakeholder expectations and requirements in some situations because results don’t match the requirements. For instance, if customers need high-quality products at a cheap cost which they need, organisations will either have to lower the quality or increase the price. They cannot just develop the products which are fitting the stakeholder requirements because if they do, they will experience a loss in profits. Sometimes, organisations are not the ones to blame because it is not possible for them to meet the requirement which stakeholders have. And the other times, organisations are responsible because they are not truthful to their customers. For instance, if a firm announces that it will be launching a new version of the product at a cheaper cost, and doesn’t, then it will negatively affect the perceptions of customers. This example occurs when expectations of customers and stakeholders are ignored.