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Eric Orts, editor; professor of legal studies and business ethics and management; director of the Initiative for Global Environmental Leadership: There’s a very long-standing philosophical debate about whether organizations like business firms have a moral responsibility as firms themselves, or whether it’s only the individuals in the firm ...
Building an Ethical Company. Create an organization that helps employees behave more honorably. Summary. Just as people can develop skills and abilities over time, they can learn to be more or ...
In a new book titled The Moral Responsibility of Firms, authors Eric Orts and Craig Smith and contributor Amy Sepinwall argue that companies are indeed morally culpable. Orts is a professor of ...
Mar 21, 2014 · We can hold firms responsible where three jointly necessary and sufficient conditions are found: 1) Normatively significant choice (possibility of doing something good or bad, right or wrong); 2) Access to relevant information (the agent understands and has the evidence available to make judgments about the options); 3) Control over the choice ...
- Promote Humility.
- Encourage Reflection, Early and often.
- Give back.
- Doing Right and Doing Good
Most of us assume we would do the right thing in an ethically challenging situation. But that belief is often the problem: moral overconfidence is associatedwith an inability to admit one’s own mistakes. Simply raising employees’ awareness of the natural human tendency toward hubris can help. “It is important to help workers understand that unethic...
Reflection—the process of thinking back on a project or experience—has been shownto improve learning, especially when combined with regular feedback. Kouchaki and Smith suggest that organizations create as many opportunities as possible for ethical reflection. “This gives an opportunity to learn from successes as well as failures,” Kouchaki says. F...
Organizations should give employees opportunities to engage in concrete opportunities for moral growth, such as volunteer work. Research showsthat giving workers the chance to serve others, whether inside or outside of the organization, has many positive effects, such as overcoming selfishness, developing greater social responsibility, and promotin...
Why should companies bother to expend so much time and energy on ethics? There’s a pragmatic case—“there’s evidence that more-ethical companies have happier employees and do better in the market,” Kouchaki points out—but she also believes it’s just the right thing to do. “Companies have ethical responsibilities toward their stakeholders, which incl...
Aug 24, 2023 · The reflective leadership model has four components: Awareness: Recognize your legal, economic, and ethical responsibilities to key stakeholders. Judgment: Consider arguments, biases, logic, and shared concepts that shape your mindset and perception. Action: Put your decisions into practice in a way that’s accountable and consistent with your ...
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Mar 30, 2017 · The view that firms possess moral qualities of this kind is strongly advocated by a number of leading scholars. An opposing view maintains that only individual human beings can be said correctly to have moral and ethical responsibilities. This book brings together the strongest voices on both sides of this important debate.
