A Memoir of Markets, Milestones, and Models

2000 ◽  
Vol 10 (1) ◽  
pp. 73-82 ◽  
Author(s):  
John W. Dienhart
Keyword(s):  
Business Ethics ◽  
Institutional Theory ◽  
Educational Institution ◽  
Business Practices ◽  
Grand Unified Theory ◽  
State University ◽  
Social Contracts ◽  
College Of Business ◽  
The Many ◽  
Social Contracts Theory

Abstract:I begin by recounting the market demands that created an opportunity for me to teach business ethics in the College of Business at St. Cloud State University. The AACSB and my educational institution focused amorphous social demands for better business practices into a specific demand for a philosophy Ph.D. to teach business ethics. I felt frustrated teaching business ethics because of my inexperience and the eclectic nature of the field. I, and many others, searched for something to unify the many topics of the field. This search was one of the factors that led to BEQ’s appearance in 1991. The first issue marked a milestone in the continuing search for theory and the legitimization of the field. It focused previous discussions and was remarkably prescient. While it is unlikely that we will reach a consensus about how to understand the field, if consensus ever comes close to occurring, I argue that it will not coalesce over stakeholder theory. I examine two theories that could be used as a grand unified theory (GUT) of business ethics: Integrated Social Contracts Theory and my own institutional theory that expands on the work of Douglass North’s view of economic institutions. I use the discussion of these GUTs to develop criteria of what a successful GUT might look like. Based on these criteria, I argue that the institutional theory has a better chance of succeeding, but recognize that business ethics GUTs are primarily heuristic; many different types of theories can be helpful. Lastly, I discuss whether it is pretentious and overbearing to argue for a GUT. I argue that it need not be.

scholarly journals The Enduring Potential of Justified Hypernorms

2019 ◽  
Vol 29 (03) ◽  
pp. 317-342
Author(s):  
Markus Scholz ◽  
Gastón de los Reyes ◽  
N. Craig Smith
Keyword(s):  
Business Ethics ◽  
Stakeholder Engagement ◽  
Integrative Social Contracts Theory ◽  
Social Contracts ◽  
Profound Influence ◽  
Starting Point ◽  
Prior Literature ◽  
Social Contracts Theory ◽  
Outer Bounds ◽  
Integrative Social

ABSTRACT:The profound influence of Thomas Donaldson and Thomas Dunfee’s integrative social contracts theory (ISCT) on the field of business ethics has been challenged by Andreas Scherer and Guido Palazzo’s Habermasian approach, which has achieved prominence of late with articles that expressly question the defensibility of ISCT’s hypernorms. This article builds on recent efforts by Donaldson and Scherer to bridge their accounts by providing discursive foundations to the hypernorms at the heart of the ISCT framework. Extending prior literature, we propose an ISCT* framework designed to retain ISCT’s practical virtue of managerial guidance while answering the demands of Scherer and Palazzo’s discursive account. By subscribing to a suitable portfolio of discursively justified hypernorms, we argue, companies unlock the valuable moral guidance of ISCT*, which says to treat these hypernorms as unequivocal outer bounds to the pursuit of business and as a starting point to tailor local norms through discursive stakeholder engagement.

Principles of Managerial Moral Responsibility

2009 ◽  
Vol 19 (4) ◽  
pp. 529-552 ◽  
Author(s):  
Edward Soule ◽  
Marcus Hedahl ◽  
John Dienhart
Keyword(s):  
Business Ethics ◽  
Moral Responsibility ◽  
Prima Facie ◽  
Future Research ◽  
Integrative Social Contracts Theory ◽  
Moral Principles ◽  
Social Contracts ◽  
Ethics Research ◽  
Social Contracts Theory ◽  
Integrative Social

ABSTRACT:The purpose of this paper is to formulate and defend a set of moral principles applicable to management. Our motivation is twofold: 1) to increase the coherence and utility of Integrative Social Contracts Theory (ISCT); and 2) to initiate an alternative stream of business ethics research. To those ends, we specify what counts as adequate guidance in navigating the ethical terrain of business. In doing so, a key element of ISCT, Substantive Hypernorms, is found to be flawed beyond repair. So we propose and defend a remedy: prima facie moral principles. After delineating the appropriate criteria and format for such principles, we formulate, explain, and defend five of them. We conclude with a brief comment on future research possibilities.

Integrative Social Contracts Theory

1995 ◽  
Vol 11 (1) ◽  
pp. 85-112 ◽  
Author(s):  
Thomas Donaldson ◽  
Thomas W. Dunfee
Keyword(s):  
Business Ethics ◽  
Normative Theory ◽  
Economic Life ◽  
Moral Issues ◽  
Hostile Takeovers ◽  
Integrative Social Contracts Theory ◽  
Fine Grained ◽  
Social Contracts ◽  
Social Contracts Theory ◽  
The Impact

Difficult moral issues in economic life, such as evaluating the impact of hostile takeovers and plant relocations or determining the obligations of business to the environment, constitute the raison d'etre of business ethics. Yet, while the ultimate resolution of such issues clearly requires detailed, normative analysis, a shortcoming of business ethics is that to date it has failed to develop an adequate normative theory.1 The failing is especially acute when it results in an inability to provide a basis for fine-grained analyses of issues. Both general moral theories and stakeholder theory seem incapable of expressing the moral complexity necessary to provide practical normative guidance for many business ethics contexts.

scholarly journals Perspectives of Pre-Service Teachers on Business Ethics

2021 ◽  
Vol 9 (S1-May) ◽  
pp. 134-144
Author(s):  
İhsan Nuri Demirel
Keyword(s):  
Business Ethics ◽  
Educational Institution ◽  
State University ◽  
Educational Management ◽  
Work Ethics ◽  
Educational Administrators ◽  
Management Organization ◽  
Educational Management Organization ◽  
Disciplinary Incidents

As the administrators with business ethics guide pre-service teachers, the item stating that both disciplinary incidents are reduced and everyone is willing to work together in the educational institution reveals that if the educational administrators have work ethics, the educational management organization can come together as a whole, including the pre-service teacherswithout neglecting the concept of discipline. In this study, the opinions of pre-service teachers studying at a state university on business ethics were discussed.

PERILAKU PEDAGANG MUSLIM DALAM TINJAUAN ETIKA BISNIS ISLAM (KASUS DI PASAR LOAK JAGALAN KEDIRI)

2019 ◽  
Vol 2 (1) ◽  
Author(s):  
Alwi Musa Muzaiyin
Keyword(s):  
Business Ethics ◽  
Key Words ◽  
Luxury Goods ◽  
The World ◽  
Goods Market ◽  
Islamic Business Ethics ◽  
New Goods ◽  
The Many ◽  
Used Goods ◽  
The City

Trade is a form of business that is run by many people around the world, ranging from trading various kinds of daily necessities or primary needs, to selling the need for luxury goods for human satisfaction. For that, to overcome the many needs of life, they try to outsmart them buy products that are useful, economical and efficient. One of the markets they aim at is the second-hand market or the so-called trashy market. As for a trader at a trashy market, they aim to sell in the used goods market with a variety of reasons. These reasons include; first, because it is indeed to fulfill their needs. Second, the capital needed to trade at trashy markets is much smaller than opening a business where the products come from new goods. Third, used goods are easily available and easily sold to buyer. Here the researcher will discuss the behavior of Muslim traders in a review of Islamic business ethics (the case in the Jagalan Kediri Trashy Market). Kediri Jagalan Trashy Market is central to the sale of used goods in the city of Kediri. Where every day there are more than 300 used merchants who trade in the market. The focus of this research is how the behavior of Muslim traders in the Jagalan Kediri Trashy Market in general. Then, from the large number of traders, of course not all traders have behavior in accordance with Islamic business ethics, as well as traders who are in accordance with the rules of Islamic business ethics. This study aims to determine how the behavior of Muslim traders in the Jagalan Kediri Trashy Market in buying and selling transactions and to find out how the behavior of Muslim traders in the Jagalan Kediri Trashy Market in reviewing Islamic business ethics. Key Words: Trade, loak market, Islamic business

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