Corporate Strategy, Public Policy and the Fortune 500

This is the first major study of how corporations in America act and react strategically in the public policy process. While the study focuses on Fortune 500 companies, the findings are applicable to the entire corporate community. Data reviewed by the authors includes public policy messages in annual reports, information about Political Action Committees, and a ten-year study of non-compliance and overt law violation. The authors show how corporations have become increasingly sophisticated in affecting the public policy process. The authors conclude that 1) corporations do not always respond in an effective and efficient manner to opportunities and threats and that 2) the strategic responses of corporations to public policy issues are often misrepresented, particularly by critics of American business. Students and specialists in business policy, corporate strategy, political science, public policy and public affairs should find this book of interest.