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December, 2008
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Another busy
year in the world of business ethics
went by and left us with plenty to talk
about. But not all was bad in 2008. Many
individuals stood out for their positive
achievements in the business ethics
world as well. For that, we created this
year’s list of the 100 Most Influential
People in Business Ethics.
[Recipients included:]
Anne M. Mulcahy,
R. Edward Freeman,
and
Patricia Werhane.
(Also appeared in the University of
Virginia and Affiliates newsletter.) |
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You may not
need an ethicist to explain the
implications of pretexting. But as the
Hewlett-Packard scandal shows, being a
board member today requires more than
gut instinct. Stand out for good reason,
with this advice from ethics experts and
CIOs who serve on boards.
DO dust off your Descartes texts.
“You can have all the ethics in the
world without having a firm grasp of
what to do in a complex situation,” says
Tom Donaldson,
business ethics professor at The
University of Pennsylvania’s Wharton
School. Consider a business ethics
course. |
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Two days
ago, I wrote a blog about Batman and
Ironman. Or at least the businessmen
underneath the armor. Who was the better
entrepreneur, Bruce Wayne or Tony Stark?
Which company was better, Wayne
Enterprises or Stark Industries? Now,
I'd like to compare their perspective
and insight to the reason and logic of
an all-star panel of actual
entrepreneurs and financial experts.
2. Who would you rather have as your
business partners? "As an inventor,
Stark is much more of a rock star than
Wayne. Despite, Stark's appeal, Wayne
would be a better business partner.
Stark has lost his company a number of
times, often due to his own foibles,
such as his alcoholism. Wayne is more of
a wise enabler who brings out the best
in others." -
Brian Moriarty,
Associate Director for Communications at
the Business Roundtable Institute for
Corporate Ethics |
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To
appreciate continuing high performers,
according to one study by two Harvard
professors of business administration,
Laura Nash
and Howard H Stevenson, there are 4
´satisfactions of enduring success,´ and
these are (Martha Lagace, June 2002,
´Four Keys of Enduring Success: How High
Achievers Win,´ hbswk.hbs.edu); noting
the same Harvard study but stating
differently, there are 4 ´desired ends´
of success (James Heskett, May 2004,
´How Much Is Enough?,´ hbswk.hbs.edu);
or, there are 4 ´components of success´
(Paul B Brown, April 2004, ´Off The
Shelf; Turning Success Into
Fulfillment,´ query.nytimes.com).
Another way of looking at Nash &
Stevenson´s 4 dimensions of enduring
success, AHSL, is to look at them as
part of an acronym: ACHiLLES, to mean
Achievement, Happiness, individual
Limitations, Legacy and Significance. Do
not forget that our individual
limitation is our Achilles heel, our
weakness. While aware of his own
limitations and those of others, in his
managing William Dar, [Director General
of ICRISAT (International Crops
Research Institute for the Semi-Arid
Tropics) based in Patancheru, India]
nevertheless dares to achieve, to be
happy, to leave a legacy, to be
significant.
(Also appeared in the California
Chronicle and World Sentinel.) |
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Prof. Freeman
Receives International Award
University of Virginia News,
December 16, 2008 |
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Darden
Professor
Edward Freeman
became the first Darden professor to
receive an honorary doctorate, when he
was awarded the Doctor honoris causa
award from the Universidad Pontificia
Comillas-ICAI-ICADE in Madrid. The award
was presented to him in late November in
recognition of his contribution in the
area of stakeholder management and the
practical environment of business
ethics, as well as for contributing to
the phenomena of corporate social
responsibility. |
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A Sustainable
Economy Requires Going Beyond Green
Matter Network,
December 15, 2008
By Carl Frankel |
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During these
last months we've witnessed the
implosion of capitalism as usual. In the
process some basic assumptions have gone
kaboom, for instance, the notion that
you can repackage and sell highly
questionable loans, and that as long as
you keep them moving from one owner to
the next, they'll never come back and
bite you in the assets. For years, our
story about capitalism has been what
Professor
Ed Freeman
of the University of Virginia has
called "cowboy capitalism." It's a model
that "conceptualizes business as a
competitive jungle resting on
self-interest and an urge for
competition in order to survive." |
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Companies
cut holiday parties and donate to
charity instead
USA TODAY,
December 7, 2008
By Kevin McCoy |
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Although the
recession has Scrooged many corporate
parties off the 2008 holiday calendar,
some firms are transforming humbug into
humanitarianism by giving the savings to
charity. "Given how many people are
hurting financially, I think it would be
a good business decision," says
Patrick Murphy,
co-director of the Institute for Ethical
Business Worldwide at the University of
Notre Dame. "But I would add the caveat
that management should talk to employees
about why they're doing it."
(Also seen in the Poughkeepsie
Journal.) |
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Hey Bill,
What Were You Waiting For?
Ethisphere,
December 3, 2008
By Laura P. Hartman,
Patricia Werhane
and Dennis Moberg |
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In late
January, at the World Economic Forum in
Davos, Switzerland, Bill Gates said he
was an “impatient optimist” about the
alleviation of global poverty. We want
to ask him, what took you so long? Gates
shared with his rapt audience a novel
scheme he called, “creative capitalism.”
According to Bill, creative capitalism
is a system in which market and profit
incentives drive a company’s principles
and commercial competencies to do more
for the poor. |
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The Fall Guy
CNBC, December 2, 2008 |
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Debating
whether CEOs are to blame for the
financial mess and economic crisis, with
Steve Fishman, NY Magazine;
Tom Donaldson,
The Wharton School of Business; Leigh
Gallagher, Fortune sr. editor; and
CNBC's Tyler Mathisen. |
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