To Get Companies to Take Action on Social Issues, Emphasize Morals, Not the Business Case

“We’ve seen the business case for a plethora of social issues: increasing diversity, sustainability, corporate social responsibility, corporate philanthropy, corporate volunteering programs, reducing poverty, and treating employees well. Yet some have questioned whether we always have to make the business case. For example, don’t many organizational leaders want to improve society as an end in itself? Research also shows the business case can activate a leader’s “economic schema,” or a tendency to make decisions solely from an economic viewpoint, which can lead to less compassionate behavior. So we set out to scientifically study whether the business case or the moral case for combatting social problems was most persuasive to managers.”

Read More

Market Power

“It is a no-brainer that business people don’t really like competitive market capitalism, despite all their exhortations about the value of markets. Just read any of The Wealth of Nations to find Adam Smith with the same view. Business people much prefer rigged markets, as long as they are on the inside. So it is no surprise that new research finds that converting health care insurance from non-profit to for-profit leads to a rise in premiums (not the fall that would be anticipated because of greater market efficiencies).”

Read More

We All Want Increased Choice in Elder Care – But Neoliberal Health Policies Make This Difficult

“While governments pay lip service to the notion of choice, their disinvestment in public home care services means that older people and their families often have no choice but to ‘choose’ for-profit home care providers, as these are becoming the norm for elder home care. […] Home care is a high involvement purchase, which requires considerable time and emotional investment. But people in need of care might not have all the necessary information, skills or time required to navigate intricate care markets.”

Read More

The ‘Sharing Economy’ Simply Dresses up Our Consumerist Tendencies in a More Palatable Ideology

“This shift to peer-to-peer transactions is often portrayed as an antidote to the consumer culture of modern society because it supports sharing instead of ownership. But have sharing platforms simply created a new form of capitalism? Research suggests that rather than transforming us, the sharing economy simply repackages our same old consumerist impulses in a more appealing message.”

Read More

Why Social Entrepreneurs Are So Burned Out

“Is it reasonable to expect a for-profit enterprise, and its employees, to address large-scale social problems? Helping those most in need and running a commercially viable business at the same time can create conflicting of goals. Our research, which explores how this conflict manifests itself in the lives of entrepreneurs working within for-profit companies, provides the first robust evidence that it can have serious repercussions for their health and wellbeing.”

Read More

When Competition Between Coworkers Leads to Unethical Behavior

“In our research, recently published in the journal Human Resource Management, we found that performance evaluation schemes based on peer comparison can encourage unethical behavior. […] We propose a subtle and simple intervention we call consequential reflection: prompt individuals to reflect on the positive and negative consequences of their decisions.”

Read More

Woke Washing: What Happens When Marketing Communications Don’t Match Corporate Practice

“Brand activism has become the new marketing tactic of choice, and a brand’s stance on societal and political issues can offer a differentiating factor in a fast-paced corporate marketplace. […] However, while consumers expect big brands to take a stand, they may not believe them when they do.”

Read More

We All Buy Slave-Made Products: Here’s How We Avoid Feeling Guilty

“We consume the products of slavery every day. All of us. Today’s globalised supply chains make it is almost impossible to avoid goods or services free of the fingerprints of slavery. […] Our research, based on in-depth interviews with 40 consumers, shows the strategies people use to shrug off feeling guilty about their purchasing decisions.”

Read More

Green Bonds Benefit Companies, Investors, and the Planet

“The past five years have seen explosive growth in ‘corporate green bonds’ issued to finance climate-friendly projects. […] Despite this boom, little is known about the impact of these bonds. Have they delivered positive environmental results? Do they contribute to the issuing companies’ financial performance? The answer to both questions is a resounding yes.”

Read More

How Managers Should Respond When Bribes Are Business as Usual

“Why do kickbacks continue? According to my own research into dozens of bribery cases and five years of reporting on four continents, it’s because executives believe that their competitors are using bribery as a tool to get ahead, so they must, too. […] Of course, copying what your competitors do—especially when it is illegal and inefficient – is the opposite of innovative. How can companies kick this habit? After surveying corruption experts and business executives (including one who went to jail for bribery) I identified four strategies.”

Read More

Whistleblowers Are a Sign of Healthy Companies

Our analysis revealed that whistleblowers—and large numbers of them—are crucial to keeping firms healthy and that functioning internal hotlines are of paramount importance to business goals including profitability. The more employees use internal whistleblowing hotlines, the less lawsuits companies face, and the less money firms pay out in settlements. Our conclusions are in many ways counterintuitive to how many executives manage complaints.”

Read More
Loading

Post categories

Series of Posts

Post archive

Recent video posts

Loading...

Stay informed

FACEBOOK
LinkedIn - visit & follow our page
Sign up for news per Email
Subscribe to / watch our channel
Get RSS feed
ResearchGate - follow our project
SlideShare - all our presentations
Goodreads book group
close

Keep yourself informed! Ways to follow Moral Markets:

Subscribe to the Moral Markets newsletter

Join our mailing list to receive updates on new articles, blog posts, books and more

You have Successfully Subscribed!

Geef Je op voor de Morele Markten nieuwsbrief

Schrijf je in voor onze mailinglijst om updates te ontvangen over nieuwe artikelen & blogs, boeken die zijn toegevoegd aan onze digitale plank, en meer

You have Successfully Subscribed!

Subscribe to the Moral Markets newsletter

Join our mailing list to receive updates on new articles, blog posts, books and more

You have Successfully Subscribed!

Subscribe to the Moral Markets newsletter

Join our mailing list to receive updates on new articles, blog posts, books and more

You have Successfully Subscribed!