Business Advice from Aristotle; The Philosopher’s Teachings Were Not an Absolute Condemnation of the Pursuit of Profit.

“Aristotle’s writings include ample fodder against today’s corporations; he emphasized the value in virtue and simplicity, and prioritized the betterment of society over the advancement of the individual. And yet, the philosopher’s teachings were not an absolute condemnation of the pursuit of profit. Denis Collins argues in the Journal of Business Ethics, ‘that it would be improper to use Aristotle’s thought as a blanket disapproval of business and profits’.”

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We Must Rethink the Purpose of the Corporation

“The business corporation is among the most remarkable of all human innovations. Corporations are warring armies battling for supremacy in markets. The resulting symbiosis between command and competition has proved very fruitful. The unprecedented economic development seen since the middle of the 19th century would have been impossible without the resources and organisational capacities of that great invention — the limited liability joint-stock company. Yet, as Colin Mayer of Oxford university’s Saïd Business School argues in a remarkable and radical new book, Prosperity, all is not well with the corporation.”

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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.”

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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.”

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McDonald’s Is a Social and Healthcare Burden – Whatever Its Charity PR Might Indicate

“Aside from straight-up marketing and advertising, McDonalds, like other corporations, relies on public relations strategies that are less tangible and take indirect paths into our consciousness. McDonald’s PR positions the company as caring and moral, and as having the same concerns as the community.”

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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.”

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Can Corporations be ‘Good Citizens’?

“The idea of ‘good corporate citizenship’ has become popular recently among business ethicists and corporate leaders. You may have noticed its appearance on corporate websites and CEO speeches. But what does it mean and does it matter? Is it any more than a new species of public relations flimflam to set beside terms like ‘corporate social responsibility’ and the ‘triple bottom line’? Is it just a metaphor?”

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When CEOs Should Speak Up on Polarizing Issues

“CEO activism, the growing trend of top executives speaking out on sensitive social and political issues, has been labeled the “new normal.” But behind the scenes, executives do not feel in control. They are struggling to anticipate and respond to intensifying pressure from the public, investors, and — above all — their employees. There are conflicting views of how CEOs should proceed.”

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Davos in the Desert: Businesses Are Right to Put Principles before Profit and Pull out of Saudi Investment Conference

“In the years to come expect to see more business leaders compelled to take a moral stance, whether it’s about the murder of a foreign dissident, the insensitive behaviour of a sitting president, or the persecution of religious or ethnic minorities. It will be increasingly difficult to avoid. There are two main reasons for this: moral and social.”

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