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Books > Business & Economics > Business & management > Business ethics
This collection examines how greed should be understood and appraised. Roundly condemned by virtually all religions, greed receives mixed appraisals in the domains of business and economics. The volume examines these mixed appraisals and how they fare in light of their implications for greed in our everyday world. Greed in children is uniformly criticized by parents, other adults, and even children's peers. However, in adulthood, greed is commended by some as essential to profit-seeking in business and for offering the greatest promise in promoting economic prosperity for everyone. Those who advocate a more permissive position on greed in the adult world typically concede that some constraints on greed are needed. However, the supporting literature offers little analysis of what greed is (as distinct from, for example, the effort to meet modest needs, or the pursuit of ordinary self-interested ends). It offers little clarification of what sorts of constraints on greed are needed. Nor is careful attention given to difficulties children might have in making a transition without moral loss from regarding greed as inappropriate to its later qualified acceptance. Through a secular approach, this book attempts to make significant inroads in remedying these shortcomings.
Exploring contemporary challenges and opportunities for the realisation of Decent Work, this edited collection reviews the origins of the concept and helps to demonstrate its working in practice. Using a Decent Work lens to explore the realities of eroding work conditions in typical and atypical work, the analyses presented here argue that urgent action is required to address these issues for the benefit of individual workers, and society as a whole. Prepared by researchers and collaborators associated with the Decent Work and Productivity Research Centre at Manchester Metropolitan University, UK, this volume provides insights from an exceptional blend of authors presenting high-quality research from multiple disciplines including economics, labour market studies, organisation studies, sociology, psychology, career development and education. These unique and wide-ranging contributions position Decent Work as valuable to important questions about the future of work, and emerging interdisciplinary research about work. Addressing changes to today's work and employment relationships - including the roles of governments, employers, and trade unions - this volume offers suggestions for how public and private sector policy and practice can support the realisation of Decent Work, while also theorising the concept's contested nature, and exploring urgent and practical possibilities to secure fair and decent working lives for all.
Since the 2008 Global Financial Crisis the prevailing economic development model based on an assumption of unlimited resources and, therefore, unlimited growth has been increasingly put into question by academics, policy-making agencies and even industry leaders themselves. Climate change, general environmental and natural resource degradation, widespread inequalities, and systemic governance failures are pressing capitalism to renew itself to deliver sustainable outcomes for a broader base of stakeholders. This has become known in more practical terms as the ESG (Environmental, Social and Governance) and responsible investment movements. The pressure to change how we organise ourselves as societies and economies has implications for how large and small corporations, public or private, are governed and to the benefit of whom. This Handbook offers a rare combination of pluralistic and multidisciplinary perspectives from law, economics, finance and management, as well as an interesting mix of latest academic thinking and practical recommendations on ESG for boards and executive teams. Should companies be governed and managed for the benefit of their shareholders alone? Can companies be governed to deliver for shareholders as well as the broader stakeholder base? How can investors allocate capital to advance sustainability? Part I provides a pluralistic discussion of some of these fundamental questions besetting academics and practitioners alike while Part II examines recent regulatory developments and assesses what may need to change in terms of law and regulation to both hold companies to account for sustainability while enabling them to continue to provide vital goods and services. Part III of the book discusses how the different types of companies and investors are currently facing the sustainability imperative and incorporating ESG factors on how they operate and invest. The concluding chapter provides an overview of the key regulatory, ecosystem and board-level gaps that require urgent and decisive action.
This book contributes new ideas on the theme of global responsibility from a European viewpoint, and raises questions of how European values can be adopted into the American mainstream. It examines corporate social performance versus corporate financial performance, social risk, and CSR stakeholders.
Embedding CSR into Corporate Culture demonstrates that a new frontier for corporate social responsibility is possible in theory and practice. The key idea - discovery leadership - enables corporate managers to deal effectively with problems, issues, and value clashes occurring at the corporation-society interface. Amoral leadership and executive myopia are replaced by normative receptivity and value attunement that embed value awareness in corporate culture. The discovery executive leverages this awareness by activating the values that facilitate constructive relationships with the firm's stakeholders. As a practical result, employee engagement in corporate social responsibility is strengthened while the need for social control of business is lessened. Both business and society benefit from discovery leadership because value-attuned decision making yields better economic, social, and environmental performance than is possible when myopic executives are at the helm. Therefore, discovery leadership should serve as the organizing principle for reshaping management practice, reforming management education, and restoring the public's confidence in business.
" Against Management" argues that management is increasingly being
seen as a problem, and not a solution. Martin Parker argues that
managing is not the only way to organize and that managerialism is
a global form of ideology, which is being used to justify
considerable cruelty and inequality. He also suggests that, in a
variety of places, an odd collection of people seem to be coming to
similar conclusions. It is possible to identify cracks in the religion of
managerialism as some of its converts begin to lapse and others
intensify their protest. In order to illustrate his argument,
Parker draws from a wide variety of sources - anti-corporate
activism; books and films which use management as their backdrop;
the movement for business ethics and corporate social
responsibility; as well as critical management studies and general
social theories of the present. Parker's overall argument is that we can see the beginnings of a
cultural shift in the image of management and that this is a
significant historical change. Perhaps most importantly, it opens
up the possibility of exploring non-managerial alternatives to
contemporary assumptions about organizing. "Against Management"
deliberately attempts to blur the boundaries between academic and
popular writing, and encourages some radical questioning of the
common sense that tells us that we need management, managers and
management schools. This will be essential reading for second-year undergraduates and above in business and management studies (including MBA), sociology and cultural studies.
Business Ethics: An Ethical Decision-Making Approach presents a practical decision-making framework to aid in the identification, understanding, and resolution of complex ethical dilemmas in the workplace. * Focuses exclusively on three basic aspects of ethical decision making and behavior how it actually takes place, how it should take place, and how it can be improved * Uses real-life examples of moral temptations and personal ethical dilemmas faced by employees and managers * Discusses the biases, psychological tendencies, moral rationalizations, and impact of self-interest as impediments to proper ethical decision making * Includes relevant examples of ethical misconduct and scandals appearing in the news media
BUSINESS / SELF-HELP " Wattles offers techniques for getting in tune with one' s deeper self and thus creating a channel of communication between oneself and universal energy. His is a gentle philosophy that excludes competition, cheating, and lording it over one' s fellows when one has made it, and encourages cooperation." --Publisher' s Weekly In his bestselling book, Wallace D. Wattles explains that " universal mind" underlies and permeates all creation. Through the process of visualization, we can engage the law of attraction--impressing our thoughts upon " formless substance" and bringing the desired object or circumstances into material form. The author emphasizes the critical importance of attitude: only by aligning ourselves with the positive forces of natural law can we gain unlimited access to the creative mind and its abundant rewards.The Science of Getting Rich holds the secret to how economic and emotional security can be achieved in a practical, imaginative, and noncompetitive way, while maintaining a loving and harmonious relationship with all of life. By living in accordance with the positive principles outlined in this book, we can find our rightful place in the cosmic scheme and create for ourselves an environment in which to grow in wealth, wisdom, and happiness.WALLACE DELOIS WATTLES (1860-1911) was the author of numerous books, the best known of which is The Science of Getting Rich. He experienced failure after failure in his early life until after many years of study and experimentation he formulated a set of principles that, with scientific precision, create financial and spiritual wealth. He died a prosperousman in 1911.
This 26th volume of Research in Ethical Issues in Organizations is a selection of papers from the 27th Annual Conference of the Australian Association of Professional and Applied Ethics with the theme 'Who's watching? Surveillance, big data and applied ethics in the digital age.' The papers in this volume critically engage with contemporary issues surrounding big data and surveillance, particularly in relation to large institutions, including corporations and government agencies. Special focus is put on the ethical issues concerning the collection and use of big data sets. Research in Ethical Issues in Organizations (REIO) is a double-blind, peer-reviewed series that publishes rigorous academic research into organizational ethics from a wide variety of disciplinary perspectives.
Most countries in the world today have entered an advanced phase of globalization with the objective of increasing growth of output and employment. With the evidence suggesting that this has been the case at a general level incorporated with a good sign of reducing income gap at the global level and an acceptable trend towards a global village, some inequalities across different groups of economies have been increasing in hand with the resultant increase in the aggregate pollution levels. The combined effects of these two negative impacts gives rise to the problem of maintaining sustainable development. Globalization, Income Distribution and Sustainable Development: A theoretical and empirical investigation addresses these feasibility issues of globalization, focusing on the impact of globalization on income distribution in a wider perspective and exploring the impact of globalization on sustainable development in a range of countries across the globe. With the help of new theories and the latest data, Globalization, Income Distribution and Sustainable Development asks the question: Are we eyeing for a better future?
This book will help Chairs to form a strong team, build a resilient relationship with the CEO, assess how to use their considerable power, and when to show self-restraint. Board members often struggle to identify their true role, caught between the Chair and the executive board. As a result, board members frequently have doubts about their role and personal impact; doubts which are rarely acknowledged nor addressed. By focusing on the most impactful driver of success - the human behavior - the author explores how to create a strong board team whose members are clear about the team's role, are able to talk about their concerns, and are therefore also comfortable to listen, to challenge, and to support. Based on around 60 interviews around the globe and his own board experience, this book will help Chairs to form a strong team, build a resilient relationship with the CEO, assess how to use their considerable power, and when to show self-restraint. Navigating the Boardroom supports board members and managers in reflecting on how to navigate the complex web of boardroom relations and provides both practical and attitudinal tips.
This book highlights the latest research on responsible business and its practical implications for the economy, society, academia, and politics. It presents selected contributions from respected scholars and experts who have conducted international research on corporate social responsibility, sustainability, ethics, corporate governance, finance, and responsible investing. The book examines the spreading and enhancement of CSR and sustainability at the micro, meso, and macro levels, especially in light of their increased relevance following the recent pandemic. Taken together, the results of the empirically and theoretically based contributions offer a unique and multi-faceted perspective on current global trends and expected developments in this area. They cover a wide range of contexts and situations, helping readers expand their knowledge and drive effective change to tap their organizations’ full potential.
This book aims at catalyzing our learning from the COVID-19 crisis. Numerous studies have emerged confirming that during the COVID-19 pandemic, crisis management has been far from holistic. Progress previously made towards sustainability has in many cases been reversed and global inequality has grown. This volume scrutinizes the crucial role of businesses in the lived experience of the COVID-19 pandemic and calls for a new goal system in business, establishing human dignity as the ultimate outcome of sound business. Part of the Humanism in Business Series, this book brings together a group of international experts to consolidate the lessons to be learnt from the pandemic and how it was handled. It explores the foundations of the crisis, before focusing on selected sectors and regions for analysis and, finally, drawing conclusions according to the principles of humanistic crisis management. It will be of great interest to scholars and students of business ethics, as well as policy-makers, professionals and all those who practice humanistic management.
This book, The Kyoto Post-COVID Manifesto for Global Economics (KM-PC), is a sequel to our 2018 book, The Kyoto Manifesto for Global Economics (KM-I, 2018). It further exposes the failures of a global economic regime that, based on self-interest, has led to the enormously unequal and fragmented society of today and our decreased ability to respond and recover from the critical worldwide consequences of such a regime over time - notably, climate change. At stake is our very survival beyond the twenty-first century. The fundamental tenet of this book is that our power to heal our currently fractured society lies in the depth of our humanity - in our shared human spirit and spirituality. What is sacred or of imperishable supreme value is what we can be as a human race: empowered, fulfilled individuals, living in harmony, deeply sharing and caring for one another and the environment that sustains us across our distinct cultures and worlds in which we live. Thus, the norms in our economic relations do not have to be those of self-interest that separates us, the ever-watchful distrust represented by "the deal" and immediate economic advantage for me. Instead, we can build an economic frame for our society based on mindfulness, care, mutual human benefit, and trust - on our shared humanity. Our argument was complete and we were ready to publish. But then, suddenly, from the dawning of 2020, everything changed. COVID-19 invaded and the world as we knew it simply stopped. No one saw it coming. As authors, we waited to watch and seek to understand. The result is that the book captures the COVID trauma and, against the fractures based on self-interest already visible in today's society, assesses the impact of COVID-19 now and for the future. Focusing on a humanity-based economics is even more important now, and this book shows why. Chapter 15 is available open access under a Creative Commons Attribution 4.0 International License via link.springer.com.
This book combines the wisdom in ancient Hindu texts on dharma, with the modern research on management to identify a set of principles that can aid business organizations in sustaining profitability. As businesses look to act more responsibly in response to the negative impact they have had on people, societies, and the environment, researchers are highlighting the changes that businesses must incorporate, with a particular focus on ethics and values. This book argues that a rapidly changing environment, a solid foundation to guide the organization, is critical. Dharma, a set of principles that holds things together or sustains life, offers such a foundation. Managing by Dharma provides business researchers with a framework to seamlessly evaluate and integrate the ethical and financial goals of business organizations.
"Why are we so important?"; "What value do we add?"; and "What good do we create?" These are the opening questions posed to management educators in this book. This is followed by uncomfortable questions about colonization (Who is in the centre and whose knowledge counts?) and inequality (Whom do we exclude?). After questioning the easy adoption of technology (What are we embracing?) and the challenge posed by global warming (Can management education help stop climate change?), the author ends by sketching some leadership lessons required for the future: "What lessons can we learn in a black swan event?" Mixing philosophical analyses with anecdotes from experience, the author does not shy away from discussing controversial views to give direction to current debates. Tracing eight such crucial questions and providing well-researched perspectives, this book is an engaging read for anyone interested in the future direction of business schools in particular and management education in general. "There are many books and articles on business education, but few as deep and insightful as Contemporary Management Education. I enthusiastically recommend it to anyone who seeks to understand and improve the training of business leaders." Peter Tufano, Said Business School, University of Oxford "An amazing read. Piet Naude is eclectic and sparkling. He applies his talents to the wicked maze of management education in society. No issue is more important for global business. No writer is better qualified." Thomas Donaldson, The Wharton School, University of Pennsylvania "A powerful, persuasive, and superbly compelling book. Contemporary Management Education serves as an invaluable and informative reference to the essential issues that are shaping the future." Sherif Kamel, Dean, School of Business, The American University in Cairo
This book addresses the status quo of Corporate Social Responsibility practices and their development since 2008. How have things changed in the practice of CSR? What new opportunities and challenges have arisen? The book reports on an international set of cases and case studies on how CSR is practiced at business and organizations in various countries. It analyzes country-specific and industry-specific issues, as well as general global issues in connection with the United Nations' Sustainable Development Goals. The contributions gathered here provide comprehensive information on CSR for both practitioners and researchers around the globe.
The 20th volume of Advances in Health Care Management showcases how health care management research helps to further understand grand challenges in health care: what they are, why they exist, the consequences that they have, and what can be done to address them. Grand challenges are large, unresolved problems. "Grand health care challenges" include current events such as the COVID-19 pandemic, and ongoing challenges related to the quadruple aim of health care: improving the health of populations, reducing the cost of healthcare, improving patient care experiences, and improving the experience of working in health care. The book demonstrates that these challenges are amenable to organizational and managerial solutions, and therefore health care management research has many important lessons to contribute. For this volume, The Contributions of Health Care Management to Grand Health Care Challenges, we define health care management as the planning, direction, and coordination of health services and the management of health care professionals. Included chapters consider five grand challenges facing the health care sector: (1) caring for vulnerable populations; (2) maintaining the health care workforce; (3) translating innovation into practice; (4) sustaining organizations; and (5) navigating pandemics. Each challenge is discussed in its own section and addressed by two chapters that offer different perspectives and approaches to the challenge. Across chapters a variety of methodologies are used including ethnographic case studies, survey data analysis, interviews, literature review, and informed commentary. Together, the chapters in this volume synthesize current information in the field, direct future research efforts, and generate actionable insights for managers and policymakers.
This book records the first success stories of a new form of financial intermediation, the hometown investment fund, that has become a national strategy in Japan, partly to meet the need to finance small and medium-sized enterprises (SMEs) after the devastating earthquake and tsunami in March 2011. The hometown investment fund has three main advantages. First, it contributes to financial market stability by lowering information asymmetry. Individual households and firms have direct access to information about the borrowing firms, mainly SMEs, that they lend to. Second, it is a stable source of risk capital. The fund is project driven. Firms and households decide to invest by getting to know the borrowers and their projects. In this way the fund distributes risk but not so that it renders risk intractable, which was the problem with the originate and distribute model. Third, it contributes to economic recovery by connecting firms and households with SMEs that are worthy of their support. It also creates employment opportunities, at the SMEs as well as for the pool of retirees from financial institutions who can help assess the projects. Introduction of the hometown investment fund has huge global implications. The world is seeking a method of financial intermediation that minimizes information asymmetry, distributes risk without making it opaque, and contributes to economic recovery. Funds similar to Japan s hometown investment fund can succeed in all three ways. After all, the majority of the world s businesses are SMEs. The first chapter explains the theory behind this method, and the following chapters relate success stories from Japan and other parts of Asia. This book should encourage policymakers, economists, lenders, and borrowers, especially in developing countries, to adopt this new form of financial intermediation, thus contributing to global economic stability.
Connecting Corporate Social Responsibility (CSR) with Corporate Governance (CG) is a 21st Century challenge. This edited volume illustrates that CSR can be used as a tool to improve Corporate Governance in organizations and improve the relationship between business and society. Moreover the book argues that they should be treated together in synergy in management literature. This two volume work connects these two crucial business functions, describing the preconditions for successful integration and the tools for practical implementation. Volume 2 puts forward eight recommendations for practice. Contributors put forward research and implications for policy and practice including coverage of knowledge management strategy, socially responsible banking operations and transparency procedures in the context of emerging economies.
In recent years, the social role of the firm has come under increasing scrutiny. This has led to reflection on the nature of Corporate Social Responsibility, and questions concerning accountability, the regulatory environment and institutional framework. In this context the European Foundation for Management Development asked Professor Allouche to lead a project dedicated to the study of Corporate Social Responsibility. The first of two resulting volumes, this book reviews the accumulated knowledge on CSR and observes practices in economic, political and social circles. It includes twenty-five original contributions from reputed international experts on CSR concepts, accountability and reporting.
The decisions a corporation makes affect more than just its stakeholders and can have wide social, environmental, and economic consequences. The notion of corporate social responsibility (CSR) describes the relationship between a business and society as a whole, considering all tangential effects of business. This facilitates a business environment built around practical regulations and transparency necessary to ensure ethical and responsible business practice. Analyzing the Relationship between Corporate Social Responsibility and Foreign Direct Investment explores the relationship between ethical and environmental standards and foreign investment on the international market. As certain jurisdictions are hesitant to comply with these standards, this publication elucidates the benefits of practicing CSR as a means of sustainable economic growth and to mitigate devastating negative consequences, especially in the developing world. This book is a key reference source for professionals, economists, students of business and finance, policy makers, and government agencies.
This book brings together thought leadership from academia and leading figures in asset management in key global jurisdictions, to pool together insights regarding the transformative visions and challenges for modern investment management, as well as best practices that realise the policy objectives in regulation and soft law. The world of investment management is being challenged by new legal, regulatory and soft law developments to demonstrate that their practices cohere with the long-term needs of the saving population as well as public interest needs in financing global sustainability and social development. The chapters in this book uniquely bring together the views of academia and practice on the key developments that can transform the law and practice of investment management, including the EU's new sustainable finance reform package, the UK Stewardship Code 2020, and developments in the US regarding the fit between fiduciary law for investment management and modern sustainability concerns. The book brings together the best of both worlds-critical thoughtful perspectives from academia and qualitative insight from the investment management industry. It will be of interest to researchers in law, investment management, business and management, practitioners in the investment management industry and their legal advisers, and policy-makers in the EU, UK and beyond who are grappling with the appropriate governance paradigms for bringing about more sustainable outcomes globally.
Edwin Hartman offers an account of his intellectual journey from Aristotle to organization theory to business ethics to an Aristotelian approach to business ethics. Aristotle's work in metaphysics and psychology offers some insights into the explanation of behavior. Central to this sort of explanation is characteristically human rationality. Central to successful organizations is characteristically human sociability. That human beings are by nature rational and sociable is the basis of Aristotle's ethics. Though a modern organization is not a polis in Aristotle's sense, it has good reason to treat people as rational and sociable on the whole, and thereby to preserve the organization as a commons of people linked by something much like Aristotle's account of strong friendship. Organizations that are successful in this respect, particularly those that deal with a nationally diverse workforce, may offer a far-reaching and attractive model.
The three pillars of sustainability - Environmental protection, Social sustainability, and Economic sustainability - are well known since the Brunndtland Commission report. However, these pillars are meant to be approached and treated as equal counterparts, yet this rarely happens as individuals, corporations, businesses, and institutions will weight one pillar with more importance than the others. The Equal Pillars of Sustainability works to redress this problem and to look at what action is taken or might be taken to achieve equality. It is investigated whether this equality can be achieved in all circumstances or what alternatives need to be considered. It might be argued that Brundtland was wrong, and these three pillars are not the centrepiece of sustainable development. In this book we consider these views and actions to arrive at a view which will inform debate and guide future action. Developments in Corporate Governance and Responsibility as a series offers the latest research on topical issues by international experts and has practical relevance to business managers. This is the only book series endorsed by the Social Responsibility Research Network. |
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