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Beyond Business Ethics: An Agenda for the Trustworthy Teachers and Practitioners of Business

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  • Ann Congleton

Abstract

Societies need markets, so just as trustworthy professionals are needed in fields such as healthcare, law and education, modern societies need trustworthy market managers, including corporate officers and directors. But in its screening of candidates, U.S. corporate business has lagged behind fields such as medicine and law, which in the nineteenth century addressed their need for screening by upgrading professional education and establishing licensing of individual practitioners. Corporate business, by contrast, has been too tolerant of problematic executives, particularly executives of a type shown by recent research in psychology to exhibit a set of personality traits including below average concern about bad effects of their actions on other people. Over-representation of this problematic type has cost corporate business the trust and respect it could earn by resting fully on a time-honored alternative foundation already espoused by many trustworthy teachers and practitioners of business. Society needs these trustworthy people of business to work together to establish screening of candidates for high level corporate positions by upgrading MBA education and establishing licensing for these positions. For reasons again based on current findings in psychology, screening candidates for the MBA could be significantly strengthened by requiring historical studies, particularly history of the corporate legal structure in the U.S. and history of the MBA itself. Upgrading the MBA and establishing correlated licensing could open the way toward corrections in the legal form of the corporation to bring it into line with hospitals, law courts and universities as places where responsible professionals pursue their callings on behalf of society. Copyright Springer Science+Business Media Dordrecht 2014

Suggested Citation

  • Ann Congleton, 2014. "Beyond Business Ethics: An Agenda for the Trustworthy Teachers and Practitioners of Business," Journal of Business Ethics, Springer, vol. 119(2), pages 151-172, January.
  • Handle: RePEc:kap:jbuset:v:119:y:2014:i:2:p:151-172
    DOI: 10.1007/s10551-012-1591-0
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    References listed on IDEAS

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    1. Rakesh Khurana, 2007. "Introduction to From Higher Aims to Hired Hands The Social Transformation of American Business Schools and the Unfulfilled Promise of Management as a Profession," Introductory Chapters, in: From Higher Aims to Hired Hands The Social Transformation of American Business Schools and the Unfulfilled Promise of Management as a Profession, Princeton University Press.
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    4. Clive Boddy, 2011. "The Corporate Psychopaths Theory of the Global Financial Crisis," Journal of Business Ethics, Springer, vol. 102(2), pages 255-259, August.
    5. Edgeworth, Francis Ysidro, 1881. "Mathematical Psychics," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number edgeworth1881.
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    Cited by:

    1. David Murillo & Steen Vallentin, 2016. "The Business School’s Right to Operate: Responsibilization and Resistance," Journal of Business Ethics, Springer, vol. 136(4), pages 743-757, July.

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