Mark Stephen Schwartz

This business ethics collection is composed of a variety of original and unique journal articles published by the very first chair of business ethics in Canada, Dr. Arthur Wesley Cragg. As a moral philosopher, Dr. Cragg delves into a range of business ethics topics, including: stakeholder theory; business ethics in North America; human rights; corruption; bribery; as well as the future of business ethics. The book addresses such questions as: What are the current trends in business ethics research, teaching, and training in North America? In an industry like mining, who counts as a stakeholder and how do managers talk about corporate responsibilities?; To what extent do both the business and ethics case arguments supporting stakeholder theory hold up to scrutiny? Why should corporations obey the law? Business ethics has certainly matured as a distinct academic field, however, critical analysis of the very topics falling within the field has rarely taken place. This book addresses that gap and would be of great interest to business ethics academics, business ethics researchers and practitioners, and graduate-level students interested in the field of business ethics.

In the field of business and society, several complementary frameworks appear to be in competition for supremacy. Although debatable, the prime contenders appear to include: (1) corporate social responsibility; (2) business ethics; (3) stakeholder management; (4) sustainability; and (5) corporate citizenship. Despite the prevalence of the five frameworks, difficulties remain in understanding what each construct really means, or should mean, and how each might relate to the other. To address the confusion, we propose three core concepts (i.e., value, balance, and accountability) that might be used to better integrate the five frameworks and potentially provide the basis for further theoretical development of the business and society field.

The term corporate social responsibility (CSR) is often used in the boardroom, classroom, and political platform, but what does it really mean? Do corporations have ethical or philanthropic duties beyond their obligations to comply with the law? How does CSR relate to business ethics, stakeholder management, sustainability, and corporate citizenship? Mark Schwartz provides a concise, cutting-edge introduction to the topic, analyzing many case studies with the help of his innovative “Three Domain Approach” to CSR. _Corporate Social Responsibility_ also provides a chronology of landmark contributions to the concept of CSR and includes CSR resources on organizations, global codes and criteria, corporate CSR reports, and websites and blogs. It is an invaluable resource for students, instructors, and business leaders looking to master the basics of CSR.

A research instrument is developed to measure global business ethics activity. The primary dimensions measured include: (1) academia; and (2) the corporate sector. The secondary dimensions include: (3) social/ethical investment, and (4) business ethics organizations. The instrument, a 'Global Business Ethics (GBE) Index,' is used to preliminarily assess the level of business ethics activity in four countries: (a) the United States; (b) Canada; (c) the United Kingdom; and (d) Israel. The paper concludes with future research directions for the instrument.

The goal of our paper is to explore whether it is possible to develop an investment policy on the basis of Jewish legal and ethical principles. After discussing the Jewish approach to ethics and investing, the paper will explore whether a Jew has any legal or ethical obligations with respect to his or her corporate investments and, if so, which Jewish principles should guide investing activity. Finally, the paper will discuss the challenges that may arise in the efforts to establish a Jewish ethical investment model.

This paper evaluates Porter and Kramer’s ‘creating shared value’ (CSV) approach against the value, balance, and accountability (VBA) business and society model proposed by Schwartz and Carroll (2008). The analysis finds that while CSV potentially meets the requirement of creating value, their approach fails to properly address the balance and accountability elements of the VBA model. As a result, the CSV approach cannot presently be considered as an underpinning or overarching construct for the business and society field.

Ethical decision-making (EDM) descriptive theoretical models often conflict with each other and typically lack comprehensiveness. This paper examines these conflicts, gaps, and deficiencies in current EDM theory which would need to be addressed in any future comprehensive EDM model. The gaps and deficiencies include the following: (1) lack of consolidation of individual EDM variables; (2) lack of broader issue-related characteristics; (3) lack of moral awareness (or amoral awareness); (4) lack of integration of intuition and emotion; and (5) lack of integration of moral rationalization. The paper concludes with its implications for future EDM descriptive theory building.

This paper attempts to build on the contribution to moral imagination theory by Patricia Werhane by further integrating moral imagination with new theoretical developments that have taken place in the business ethics field. To accomplish this objective, part one will review the concept of moral imagination, from its definitional origins to its full theoretical conceptualization. Part two will provide a brief literature review of how moral imagination has been applied in empirical research. Part three will analyze and apply the construct of moral imagination as it relates to the key process stages of ethical decision making including awareness, judgment, intention, and behavior. Immoral imagination is then discussed, along with other behavioral ethics concepts as they relate to moral imagination. The paper concludes with potential future research directions, as well as teaching and managerial implications for the moral imagination construct.

The term corporate social responsibility (CSR) is often used in the boardroom, classroom, and political platform, but what does it really mean? Do corporations have ethical or philanthropic duties beyond their obligations to comply with the law? How does CSR relate to business ethics, stakeholder management, sustainability, and corporate citizenship? Mark Schwartz provides a concise, cutting-edge introduction to the topic, analyzing many case studies with the help of his innovative “Three Domain Approach” to CSR. _Corporate Social Responsibility_ also provides a chronology of landmark contributions to the concept of CSR and includes CSR resources on organizations, global codes and criteria, corporate CSR reports, and websites and blogs. It is an invaluable resource for students, instructors, and business leaders looking to master the basics of CSR.

In the field of business and society, several complementary frameworks appear to be in competition for preeminence. Although debatable, the primary contenders appear to include (a) corporate social responsibility, (b) business ethics, (c) stakeholder management, (d) sustainability, and (e) corporate citizenship. Despite the prevalence of the five frameworks, difficulties remain in understanding what each construct really means, or should mean, and how each might relate to the others. To address the confusion, the authors propose three core concepts—value, balance, and accountability—that might be used to better integrate the five frameworks and potentially provide the basis for further discussion and theoretical development of the business and society field.

Scholarship into the empirical relationship between moral intensity (MI) and ethical decision-making (EDM) offers only equivocal empirical results. This ethical decision-making study is the first cumulative review to synthesize and assess over three decades of research into Jones’ (1991) MI construct by investigating the influence of each of the MI characteristics on Rest’s (1986) ethical decision-making stages (EDMS): awareness, judgment, intention, and behavior. After classifying 125 empirical papers according to the effect each moral intensity characteristic has on each EDMS, only two of six MI characteristics (magnitude of consequences and social consensus) were found to have a consistent positive association, three characteristics were observed to have a moderate relationship (temporal immediacy, concentration of effect, and probability of effect), while proximity appears to have only a weak connection with EDM. This research review challenges the current conceptualization of the MI construct on both empirical and theoretical grounds. The analysis concludes with a brief discussion of the managerial implications of the analysis.

Porter and Kramer's “creating shared value” (CSV) proposal has achieved significant penetration into both the academic and corporate communities. Building on other critiques of CSV, this paper assesses whether the CSV framework, notwithstanding its popularity, currently possesses an appropriate and adequate theoretical foundation to represent an overarching normative framework for the entire business and society field. The analysis does so by comparing CSV with a series of other dominant business and society approaches including corporate social responsibility, business ethics, stakeholder management, sustainability, and corporate citizenship. The analysis finds that while CSV does address the fundamental business and society normative requirement that business activities should contribute to sustainable net societal value, it currently fails to adequately incorporate the equally important notions of (i) appropriately balancing stakeholder interests with those of the corporation's shareholders, as well as (ii) demonstrating sufficient accountability (i.e., taking responsibility) by properly reporting on and addressing any negative impacts resulting from the firm's activities. The paper concludes with a revised and expanded restatement of the CSV concept, which attempts to take into account and address its current theoretical limitations in order to enhance its appeal as an overarching business and society normative paradigm.

Digital transformation doesn't just raise ethical issues, it-in itself-is an ethical shift. Business leaders today are struggling to manage conflicting imperatives, those of the emerging digital world and those of the bureaucratic world of the past. The act of digital transformation requires a deep change in the moral outlook and ethical assumptions of a business. But how do we get there? Enterprise strategist and author Mark Schwartz shows how we need to learn to think differently about relationships with customers and employees. That the ethics of digital transformation is a matter of cultivating and applying virtues rather than applying rules. Ethics is not just a matter of refraining from doing bad things. It's a matter of building the world we want, and it's the job of company executives. Featuring a chapter on bullshit, a handy chart of excuses for bad behavior, and Schwartz's typically paradoxical blend of deep insight and pasta jokes, this book guides business leaders as they struggle to adapt their bureaucratic framework of ethics to the emerging landscape of the digital world. By the end of the book, business leaders will rethink what it takes to be an ethical organization.

This article is a tribute to the late Dr. W. Michael Hoffman's life and professional career (1943–2018), including his important contribution to the business ethics academic community, as well as to the practical world of business. Following a brief summary of Dr. Hoffman's professional achievements, several tributes are provided including from Professor Richard De George, columnist Gael O'Brien, and Professor Patricia Werhane. The tributes are followed by synopses of a small sample of Dr. Hoffman's many journal articles published in several different business ethics journals spanning 35 years (1982–2017). The tribute concludes with a personal note of gratitude by the author to Dr. Hoffman.

This study examines the effectiveness of teaching business ethics. It fills an important gap in the literature by utilizing students’ own personal reflections and reassessments involving an actual workplace ethical dilemma they have already faced. After submitting a personal ethical dilemma at the beginning of a business ethics course, students are later asked following the course whether they believe they would behave in a similar manner if they faced the same ethical dilemma again, and for what reasons. The paper is organized as follows. Part one briefly summarizes the normative and descriptive research that has been conducted on the effectiveness of teaching business ethics. Part two outlines the qualitative research methodology used in the study followed by a discussion of the results and implications. The study finds that nearly one third of students would now act differently if they faced the same ethical dilemma again in the future.

This book celebrates the work of Patricia Werhane, an iconic figure in business ethics. This festschrift is a collection of articles that build on Werhane’s contributions to business ethics in such areas as Employee Rights, the Legacy of Adam Smith, Moral Imagination, Women in Business, the development of the field of business ethics, and her contributions to such fields as Health Care, Education, Teaching, and Philosophy. All papers are new contributions to the management literature written by well-known business ethicists, such as Norman Bowie, Richard De George, Ronald Duska, Edwin Hartman, Michael Hoffman, Mollie Painter-Morland, Mark Schwartz, Andrew Wicks, and others. The volume is comprised of articles that reflect on Werhane’s work as well as build on it as a way to advance further research. At the end of the festschrift, Pat Werhane provides responses to each chapter. The first chapter of the book also includes the overview of Patricia Werhane’s work and her academic career. The book is written to appeal to management scholars and graduate students interested in the areas of Business Ethics, Modern Capitalism, and Human Rights. Patricia Werhane is one of the most distinguished figures in the field of business ethics. She was a founder of the field, she is one of its leading scholars, and she has had a profound impact on the world of business practice. Among her many accomplishments, Pat is known for her original work on moral imagination, she is an acclaimed authority on employee rights in the workplace, and she is one of the leading scholars on Adam Smith. Having been active in Academia for over 50 years, Werhane is a prolific author of over a hundred articles and book chapters, and the author or editor of twenty-seven books, including Adam Smith and his Legacy for Modern Capitalism, Moral Imagination and Management Decision-Making, and co-authored books Organization Ethics in Health Care, Alleviating Poverty Through Profitable Partnerships, Obstacles to Ethical Decision-Making, Corporate Responsibility: The American Experience, and Research Approaches to Business Ethics and Corporate Responsibility.

ABSTRACTWhen attempting to articulate the nature and scope of corporate social responsibility , a variety of opinions emerge. The primary CSR issue appears to be: Should firms go “beyond profits”? In order to address this normative question, this article will explore the theoretical underpinnings of CSR and its practical application. Part one of the paper begins by discussing common CSR definitions. Part two outlines the CSR debate in terms of the “narrow view” of CSR versus the “broad view” . Part three applies both the narrow and broad approaches to CSR in analyzing two classic business and society cases: the Ford Pinto; and Merck's river blindness pill. The article concludes with a proposed synthesis of the CSR approaches discussed

In order to gain greater insight into the nature of corporate social responsibility (CSR) during a time of crisis, the study examines the commitment of firms to continue to engage in CSR activity despite financial pressures to divert their slack resources elsewhere. The setting of the study is CSR activity during the perhaps unprecedented global crisis associated with the COVID-19 pandemic. Based on a qualitative research method approach, both a variety of media sources and the relevant academic literature are reviewed in order to identify examples of CSR activity related specifically to COVID-19. The examples are then categorized and situated according to Professor Archie Carroll’s well-known CSR Pyramid framework describing the economic, legal, ethical, and philanthropic domains of CSR. As such, this study is the first to extend the rich literature stream utilizing Carroll’s CSR Pyramid within the unique context of a global pandemic.

Can a corporation have a conscience? What is wrong with reverse discrimination? Can ethical management and managed care coexist? Hoffman, Frederick, and Schwartz address these and many other current, intriguing, often complex issues in corporate morality. This introductory business ethics text contains a thorough general introduction on ethical theory, 54 readings, and 25 cases. Divided into five parts, each with an introduction that presents the major themes of its articles and cases, the text contains an impartial, point-counterpoint presentation of different perspectives on the most important issues being debated in business ethics. Each chapter ends with questions that can be used for student discussion, review, tests/quizzes, or for student assignments. The fourth edition has 27 new readings, 15 new cases, and 10 new mini-cases.

On April 20th, 2010, an incident was to take place 49 miles off the Louisiana coast at the Macondo Prospect location in the Gulf of Mexico that would potentially change the future of offshore oil drilling. On that day, 11 men would lose their lives when the 33,000 ton Deepwater Horizon rig, owned by Transocean but leased by BP PLC, exploded. As a result of the explosion, millions of barrels of oil would be released into the Gulf of Mexico, leading to widespread environmental harm and devastation to the shoreline communities. To better examine the underlying reasons for how such an event could take place in 2010, this paper will unfold as follows. First, we provide context to the oil spill by discussing the history of BP, including its transformation into an “environmental” firm in 1995. Second, we explore and analyze the catastrophe through the lens of ethics. Finally, we analyze the disaster through a comparison with the U.S. 2008 financial crisis with a view to identify the root causes of the disaster and the string of ethical failures that have scarred the market economy over the past three or four decades.