The global financial crisis (GFC) that began in 2007 concentrated attention on the morality of banking and financial activities. Just as mainstream businesses became increasingly defined by their financial performance, banks, it seemed, got themselves - and everyone else - into trouble through an over-emphasis on themselves as commercial enterprises that need pay little attention to traditional banking virtues or ethics. While the GFC had many causes, criticism was legitimately levelled at banks over the ethics of mortgage creation, excessive securitisation, executive remuneration, and high-pressure customer sales tactics, amongst other things. These criticisms mirror those that have been levelled at the business more generally, particular in the last decade, although the backdrop provided by the GFC is more dramatic, and the outcomes of supposed wrongdoing more severe. This book focuses on business ethics after the GFC; not on the crisis itself, but how we should respond to it. The GFC has focused minds on the proper role of ethics in the understanding and conduct of business activity, but it is essential to look beyond the crisis to address the deeper challenges that it highlights. The aim of this volume is to present examples of the latest philosophically-informed thinking across a range of ethical issues that relate to business activity, using the banks and the GFC - the consequences of which continue to reverberate - as a point of departure. The book will be of great value to researchers, academics, practitioners, and students interested in business, ethics in general, and business ethics in particular.

In much of the world's economy, production, exchange and consumption are regulated by the Market, which is widely believed to be based on economic rationality and driven by a desire to consume. But there are different views of how the Market operates, or ought to operate. This collection of essays discusses a series of alternative perspectives - manifested in ethical movements, alternative consumer behaviour, and social corporate responsibility initiatives - that seek to reveal the 'hidden hands' of power, inequality and morality that shape Market exchange. Against the impersonality of the Market, we find initiatives, such as local food movements, that seek to re-embed commodity exchange in social relationships. Against the idea of the open economy, we find initiatives that seek to counter the ever-widening gap between producers and consumers. Against increased extraction from less powerful economic actors, we find ethical movements, such as Fair Trade, that work to return a fair share of the price to producers and workers. And, against the unfettered Market, we encounter a move to re-regulate trade and protect those located in the most vulnerable market positions. The volume engages with a range of alternative ethical perspectives and the initiatives to which they give rise. Twelve essays - all based on first-hand ethnographic studies of alternative trade movements, corporate social initiatives and consumer behaviour - provide the groundwork for wide-ranging theoretical engagement and comparative analysis. The case studies cover a range of places, commodities and initiatives, including Fair Trade and organic production activism in Hungary, CSR discourses in South Africa and Europe, Fair Trade coffee in Costa Rica and handicrafts made in Indonesia. The essays contribute to a series of current debates within the social sciences about what drives alternative Market engagements, how they are understood and represented by different actors, and what makes their outcomes often ambivalent or contradictory. They address disjunctions between discourses and practices, and internal inconsistencies within ethical movements and corporate initiatives. The volume as a whole engages with questions about morality and the economy, the creation and circulation of value, and, ultimately, the possibility of making alternatives work. In doing so, the contributors reveal the many fields of power at work within the Market as well as within the movements advocating more ethical economic relationships. The volume will be of particular interest to social scientists, business and management studies scholars, and a range of practitioners.

To fully comprehend corporate social responsibility (CSR), corporations must understand the many-sided nature of CSR. This book provides insight into the theoretical foundation, beliefs, and expectations of the multiple stakeholders; the governance of CSR commitment; and corporations' strategies associated with the design, development, implementation and communication strategies for CSR through the case study on Malaysia. The book also explains why corporations should pursue a dual economic and social function and why it being critical to an organisation's success. It also describes the CSR trends and influences such as sustainability and globalisation on the future of CSR.

Corporate Social Responsibility has for long been on the agenda in the business world and recently, it has also become a political agenda in the European Union. Focusing on international supply chains and their control based on studies of law in several European jurisdictions, this book aims to advance the discussion on the application and enforcement of CSR. Drawing parallels to US and Canadian law, the book explores to what extent private law tools can be used as an enforcement device and it ultimately asks if what we are witnessing is the formation of a new area of law, employing the interplay of contract and tort - a law of "production liability", as a corollary of the concept of "product liability".

Getting business on board is essential if we want to achieve the United Nations' goal of building a better future for people and planet by 2030. But much of the sustainable business agenda falls woefully short of what is needed, with some practices even accelerating the problems they're trying to solve. In Urgent Business Ian Thomson and Dominic Bates, a business school professor and a former journalist, combine their expert insight to challenge five common myths that trap businesses in an unsustainable black-hole and offer a manifesto for change. Combining cutting-edge research - from AI and systems theory to climate science and behavioural economics - with fascinating real-world examples, the authors highlight the practical and holistic steps all businesses can take to play their part in addressing the UN Sustainable Development Goals. .

Over the past several years a cascade of corporate scandals have erupted. Savings and provisions for retirement have shrunk drastically. Jobs have been lost. One of the world's largest and best-known accounting firms is gone. Ordinary people have been hurt and they have lost confidence in business leaders. The on-going public debate over business ethics and corporate reform points to one common conclusion: Things cannot be corrected by simply adding more laws and new rules. The solution will come from high moral leadership. The Heart of A Business Ethic is based on the Hansen-Wessner Lectureship Series established by the ServiceMaster Foundation to consider the source of moral authority and ethical behavior in business. The eight lectures in this series were presented at major universities in the U.S. and Britain, and brought together some of the most distinguished business experts of our time. What they have to say is important for business teachers and students, and business leaders at every level. The scandals at Enron, Tyco and others have generated many books on business ethics, but none offer the expertise or breadth of thinking that this volume does. The Heart of A Business Ethic is useful to professors, students, and practitioners who not only want to understand what has happened, but who also want to think through the basis for a new standard of morality in business.

Through an innovative technique of making the process of the text more important than its thesis, Klein offers the reader the opportunity to take seriously the fact that it is time we try a new approach to the teaching and fostering of professional and business ethics, i.e., an approach that removes the pedantic minutia that is endemic to its scholarly study, allowing students and managers alike a chance to not only learn about ethics, but actually become ethicists themselves. People First , with its pedagogical focus and eminently readable style, "walks" the reader (regardless of philosophical acumen) through specific hallmark arguments to one simple, fundamental, obvious, intuitive, and universal imperative: Put people first Klein hopes that the process that is People First will be self-justifying, enabling not only the creation of more ethical business and professional leadership, but a new age of teaching professional and business ethics that will lead to generations of ethical practitioners in the future.

This groundbreaking and timely book provides change makers, organizations and facilitators with practical tools to initiate and conduct multi-stakeholder co-creation processes. Such processes are of critical importance in times of rapid change, where mega trends and grand challenges influence the market dynamics of business in entirely new ways. The book provides a concrete pathway for business to become future-ready by building capacity to work outside its traditional boundaries. The book unfolds the shift of multi-stakeholder teams from a state of competition to a state of collaboration, addressing the inner and outer dimensions of such a change. The five superpowers identified in the book are: (1) the genuine engagement of individuals, (2) collective solutions of groups, (3) transformative spaces created by facilitators, (4) the building blocks of co-creation, and (5) an effective strategy process for organizations. The book explores the challenges to achieve each of these superpowers. It also shares the stories of "heroes of transformation" and explores what have been the reasons for their success. The Sustainable Development Goals (SDGs), the grand challenges, the future of work...call it what you want, the future is here and organizations, change makers and facilitators need nothing less than these superpowers to collaborate with other players to solve these wicked problems.

Sustainability as a concept remains just as challenging and important today as it was when the first edition of this book was published. The Second Edition of Sustainability and Design Ethics explores the ethical obligations of knowledgeable people such as design professionals, taking into consideration the numerous changes that have taken place in recent years. This book expands the growing discussion on the principles of sustainability to further include the role of businesses and governments and considers the general recognition that modern society has occurred at the expense of nature with significant social and environmental impacts. Are there limits to the individual's ethical obligation? How do such obligations change or adapt to a world of sustainable design? As the shift toward sustainability proceeds, designers' ethical underpinnings will be confronted with a wider range of people and concerns whose interests must be weighed. The design professionals are likely to be among the lead in the shift toward sustainability because of the special knowledge and expertise provided to them by their education, experience, and distinctive position in society. The entire world of design is being reassessed and the guiding principles and ethics of design reflect this change. New to the Second Edition: Expanded international scope that includes a comparison of professional organizations in the EU, Australia, Canada, Japan and China Discusses how cultural differences between the West and China result in different underlying foundations for professional ethics Revised analyses to reflect changes in regulatory and technical areas such as the inevitable rise of artificial intelligence in design Updated arguments reflecting the need for sustainability and the designer's role and obligations Updated references pertaining to the progress of sustainable design and development Sustainability and Design Ethics, Second Edition is an attempt to explore the ideas and principles that might contribute to the thinking of thoughtful design professionals. The emergence of "green" design discussed in this book is used to evidence progress, but also to demonstrate the degree to which more is needed.

How can individuals best be encouraged to take more responsibility for their well-being and their environment or to behave more ethically in their business transactions? Across the world, governments are showing a growing interest in using behavioural economic research to inform the design of nudges which, some suggest, might encourage citizens to adopt beneficial patterns of behaviour. In this fascinating collection, leading academic economists, psychologists and philosophers reflect on how behavioural economic findings can be used to help inform the design of policy initiatives in the areas of health, education, the environment, personal finances and worker remuneration. Each chapter is accompanied by a shorter 'response' that provides critical commentary and an alternative perspective. This accessible book will interest academic researchers, graduate students and policy-makers across a range of disciplinary perspectives.

As Artificial Intelligence (AI) technologies rapidly progress, questions about the ethics of AI, in both the near-future and the long-term, become more pressing than ever. This volume features seventeen original essays by prominent AI scientists and philosophers and represents the state-of-the-art thinking in this fast-growing field. Organized into four sections, this volume explores the issues surrounding how to build ethics into machines; ethical issues in specific technologies, including self-driving cars, autonomous weapon systems, surveillance algorithms, and sex robots; the long term risks of superintelligence; and whether AI systems can be conscious or have rights. Though the use and practical applications of AI are growing exponentially, discussion of its ethical implications is still in its infancy. This volume provides an invaluable resource for thinking through the ethical issues surrounding AI today and for shaping the study and development of AI in the coming years.

This book presents a new approach to corporate responsibility based on the concept of coherency, permitting better understanding and management of the conflicting forces that strive to create value across the stakeholder spectrum. In doing so, it provides an alternative to the limited and ineffective role currently played by Corporate Social Responsibility (CSR), and offers an approach more in line with the needs of a sustainable society. Hilliard introduces several new concepts in management philosophy and presents an innovative and original framework for managing organizational responsibilities in a coherent manner.

The effective use of human resources and tangible or intangible assets are key components of an organization's success in the turbulent environment of the modern world. Such effective use requires the skillful application of the methods and procedures of management science. Of course, in the application of these methods and procedures it is important to effectively reduce the occurrence of organizational pathologies. This book examines these organizational pathologies (corruption, fraud, money laundering, and a shadow economy) from various perspectives including individuals from within the organization, the organization as a whole, and the macrostructure within which the organization functions.

In this book, experts discuss whether volatility, uncertainty, complexity and ambiguity (VUCA) represent a challenge or a business opportunity. More intense debates on global climate change, increased turbulence in financial quarters, increased job insecurity and high levels of stress at the workplace are attracting attention in the context of organization behavior and entrepreneurship. Fear and confusion have become part and parcel of business, often undermining trust, cooperation and inspiration. As a response, a new way of organizing self-management has emerged. The book combines practical wisdom from East and West, to develop integrative self-management theory and practice; provides direction to support an integrative mind-set, integrative organization and integrative leadership; and presents VUCA as an opportunity and necessity for development and growth, rather than a threat.

This collection presents a critical dialogue on managerialist forms of government between philosophy, political thought, organisational and management theory. The volume brings together essays that are concerned with technologies of government that are articulated as different iterations of managerialism. The hallmark of managerialist discourse is value, considered as a quantifiable abstraction, where the intention is to always 'add value'. The central question addressed here by a team of international expert authors from across a range of disciplines is this: in what ways has this abstraction of value impacted on the substantive work and ethical integrity of government and the public sector, and, more broadly, of the professions (including that of management itself)? Has it displaced this work, or simply recast it? The volume addresses audiences in social sciences, philosophy, management, business, and organisational studies.

This book offers essential insights into how the world's second largest industry, tourism, is responding to challenges involved in expanding the corporate social responsibility (CSR) concept to corporate sustainability and responsibility, referred to as CSR 2.0. It analyzes the typical setup of tourism with various types of commercial agents: corporations, small and medium sized enterprises, public-private partnerships, social enterprises and local cooperatives. In addition, the book examines a broad range of voluntary initiatives, the effectiveness of these efforts, and how contextual and wider policy features shape these relationships. The book is divided into three parts, the first of which elaborates on strategic drivers and rationales for CSR. In turn, the second part introduces readers to design approaches for CSR programs and envisaged impacts, while part three focuses on implementation, certification, reporting, and possible outcomes. Each part offers a mixture of theoretical perspectives, synthesis analyses and case studies. The respective chapters tackle a broad spectrum of tourism sub-sectors, e.g. the cruise industry, aviation, gastronomy, nature-based tourism, and urban destinations.

The idea of corporations exercising corporate social responsibility has spread from the West and is now firmly embedded in Asian countries and in Asian corporations. The latest trend in corporate social responsibility, evident also in Asia, is for corporations to apply corporate social responsibility to local communities and to those at the bottom of the social hierarchy. This book explores corporations' social responsibility engagement with local communities in a range of Asian countries. It provides examples of corporate social responsibility in a wide range of industrial sectors, focuses extensively on "social enterprises" and on governments' and corporations' schemes to encourage them, considers how relations with employees and with local workforces fit into the pattern of corporate social responsibility, and discusses the question as to how far corporations engage with local communities as a way of developing new markets for their products.

Learning through Disagreement begins with a request: choose to engage in dialogue rather than debate. The goal of dialogue is not to defeat an opponent but rather to better understand another's perspective, allowing for the solution of problems that may otherwise seem intractable. This workbook offers practical instruction in how to locate underlying assumptions and values so as to identify points of overlap which can serve as building blocks for agreement. It also concisely presents several key ethical theories and shows how we can critically apply those theories to disagreements in the workplace and beyond. Realistic examples of common business issues are discussed throughout and detachable worksheets for individual or group use are interspersed to encourage readers to engage directly in the process of constructive dialogue.

Between the winter of 2001 and the summer of 2002, Enron and Adelphia Communications filed for bankruptcy, and Tyco International was accused of evading sales tax totaling $1 million. Recently, the CEO of WorldCom was convicted in a federal court of an $11 billion dollar accounting fraud. Was this an unfortunate saga in corporate history or were the leaders of these companies unusually corrupt?
The disconcerting answer to that question, say Bob Hoyk and Paul Hersey in "The Ethical Executive," is "No, these leaders are probably little different from us." Like us, they live in a world where there are always multiple causes for our actions. Our behavior is the result of a complex weave of situational factors, history and personality. Even if we have good ethical values to begin with, given certain situational pressures, we can all become unethical.
In this book, Hoyk and Hersey describe 45 "unethical traps" into which any one of us can fall. These traps, they say, can erupt in any organization environment. Some of these traps distort our perception of right and wrong--so we actually believe our unethical behavior is right. Many of them are psychological in nature, and if we're not aware of them they are like illusions--webs of deception. In their analysis, these traps significantly contributed to the large-scale corporate disasters we witnessed in recent years.
The authors take account of these realities, and offer a "real-world" method that will predict, preclude and, if necessary, "get us out of" these traps. Given the increased scrutiny under which all executives and mangers operate today, this book is a 'must read' for anyone who is charged with achieving an organization'smission - whether that mission is increasing profit, serving the common good, or both.

This book provides a comprehensive examination of the effects of a natural disaster on businesses and organisations, and on a range of stakeholders, including employees and consumers. Research on how communities and businesses respond to disasters can inform policy and mitigate the cost and impacts of future disasters. This book discusses how places recover following a disaster and the vital roles that business and other organisations play. This volume gives a detailed understanding of business, organisational and consumer responses to the Christchurch earthquake sequence of 2010-2011, which caused 185 deaths, the loss of over 70 per cent of buildings in the city's CBD, major infrastructure damage, and severely affected the city's image. Despite the devastation, the businesses, organisations and people of Christchurch are now undergoing significant recovery. The book sheds significant new light not only on business and organisation response to disaster but on how business and urban systems may be made more resilient.

This book uses biblical writings to examine how to build wise and moral boardroom boldness to mitigate executive ethical mishaps. The author uses the story of King David to explore the possible perplexities followers experience when their leaders suddenly make a toxic choice. Introducing a boardroom boldness language model (BBLM), Buford presents five boardroom languages to use when dealing with toxic leaders. How well organizations brace, respond, and proactively navigate the uncharted terrain of uncertainty could play a pivotal role in the success of the firm. Calling into question traditional constructs affiliated with power and trust, this book will advance the greater discussion by integrating spirituality, case studies, and leadership principles to measure the culture to cultivate boardroom boldness.

Corporate Citizenship (CC) has emerged as a widely used way of describing the role of business in wider society. As such, CC has been popular with academics, business leaders and politicians alike, as it locates the private corporation within a network of mutual responsibilities and obligations in their social environment. This title takes stock of the debate by tracing back its origin, identifying the key topics and delineating the key controversies. The book places the discussion on corporate citizenship in a political context within the wider debate on the role of business in society. In doing so, the individual chapters feature major contributions by the leading scholars in this area and provide an overview of ongoing developments, in particular at the transnational level.

This book explores the way that culture and societal values impact the economies of eight European countries, focussing on businesses and their organisation and management processes. With contributions from skilled authors that cover Central, Eastern and Northern Europe, and particularly Russia, Germany, and Scandinavia, this collection provides a broad understanding of how business is conducted within the different countries of peripheral Europe. The book seeks to examine the influence of culture on business, and more specifically the interaction between national and corporate cultures. It will be of great interest to researchers interested in international business, cross-cultural management, and business organisation.