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Does a business have a higher purpose than making money?

WK4 #3 Question Ethical Values

– Do you believe that companies that engage in ethical values and practices often outperform those that do not? 

–  Does a business have a higher purpose than making money?  

What is your response to the four tenets of Conscious Capitalism identified on p. 33 of Mackey’s book?

Conscious Capitalism has four tenets: higher purpose, stakeholder integration, conscious leadership, and conscious culture and management (figure 2-1). The four are interconnected and mutually reinforcing. We refer to these as tenets because they are foundational; they are not tactics or strategies. They represent the essential elements of an integrated business philosophy that must be understood holistically to be effectively manifested.

Watch the “How Ethical Are You? Take the Ethics Guy’s Quiz on CNN” video [4:11].

Read the following sections of Business Ethics:

• Ch. 5, “Ethical Decision Making”

• Ch. 6, “Individual Factors: Moral Philosophies and Values” 

Read the following sections of Conscious Capitalism:

• Ch. 13, ”The Qualities of Conscious Leaders”

• Ch. 14, ”Becoming a Conscious Leader” 

Title: Business Ethics: Ethical Decision Making and Cases

Edition: 11th

Authors: Ferrell, O. C., Fraedrich, J., & Ferrell, L.

ISBN-13: 9781305500846

Title: Conscious Capitalism: Liberating the Heroic Spirit of Business

Authors: MacKay, J., & Sisodia, R.

ETHICAL VALUES

#3 Question

– Do you believe that companies that engage in ethical values and practices often outperform those that do not? 

– Does a business have a higher purpose than making money? 

What is your response to the four tenets of Conscious Capitalism identified on p. 33 of Mackey’s book?

Watch the “How Ethical Are You? Take the Ethics Guy’s Quiz on CNN” video [4:11].

Read the following sections of Business Ethics:

• Ch. 5, “Ethical Decision Making”

• Ch. 6, “Individual Factors: Moral Philosophies and Values” 

Read the following sections of Conscious Capitalism:

• Ch. 13, ”The Qualities of Conscious Leaders”

• Ch. 14, ”Becoming a Conscious Leader” 

PHL300_Ferrell.jpg

Title: Business Ethics: Ethical Decision Making and Cases

Edition: 11th

Authors: Ferrell, O. C., Fraedrich, J., & Ferrell, L.

ISBN-13: 9781305500846

PHL300-Mackey.jpg

Title: Conscious Capitalism: Liberating the Heroic Spirit of Business

Authors: MacKay, J., & Sisodia, R.

ISBN-13: 9781422144206

ISBN-13: 9781422144206

 

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