Business ethics The business case vs. the ethics case www.oxymorons.com Awareness & decision-making skills.

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Presentation transcript:

Business ethics The business case vs. the ethics case Awareness & decision-making skills

Corporate Social Responsibility: “CSR is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families, as well as of the local community and society at large.” World Business Council for Sustainable Development (WBCSD)

From Friedman to Freeman Milton Friedman: ”The social responsibility of business is to increase its profit” R. Edward Freeman: ”Organizations must take multiple stakeholder groups into account”

Stakeholder theory: Shareholder perspective: Main focus on profit, i.e. the companies responsibility towards its owners. Stakeholder perspective: A company should take all of their stakeholders into account through a stakeholder dialogue.

Civil society Business Government CSR

Greenwashing/Bluewashing UN Global Compact

Voice vs. exit? Ethical dilemma for responsible companies: Withdrawal or influence?

Transparency/Accountability Trust me Tell me Show me