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How graduate business schools professors can assist in reducing today's lack of ethics in business

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  • Ronald Degen

    (ISM - International School of Management Paris)

Abstract

This paper discusses how graduate business school professors can assist in reducing today's lack of ethics in business by orienting future corporate leaders on how to behave and decide properly when confronted with the myriad ethical dilemmas of the corporate world. To accomplish this, graduate business school professors have to be able to make future leaders understand what is right and what is wrong from the ethical point of view. This requires that they engage these future leaders in philosophical discussions on ethics in business, particularly to deconstruct the misconceptions that justify today's unethical behavior. To help them in these discussions this paper presents three explanations for today's unethical behavior, the most important misconceptions built on five half-truths, and the fundamental ethical principles and the requisites of skilled ethical reasoning.

Suggested Citation

  • Ronald Degen, 2014. "How graduate business schools professors can assist in reducing today's lack of ethics in business," Working Papers 109, globADVANTAGE, Polytechnic Institute of Leiria.
    • Handle: RePEc:pil:wpaper:109
    as

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    File URL: https://globadvantage.ipleiria.pt/files/2012/08/Working_paper-109_globadvantage.pdf
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    References listed on IDEAS

    as
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    5. Ronald Jean Degen, 2011. "Fordism and Taylorism are responsible for the early success and recent decline of the U.S. motor vehicle industry," Working Papers 81, globADVANTAGE, Polytechnic Institute of Leiria.
    6. Friedman, Milton, 2002. "Capitalism and Freedom," University of Chicago Press Economics Books, University of Chicago Press, number 9780226264202.
    7. Wojciech Kopczuk & Emmanuel Saez & Jae Song, 2010. "Earnings Inequality and Mobility in the United States: Evidence from Social Security Data Since 1937," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 125(1), pages 91-128.
    8. Ronald Jean Degen, 2009. "Moral hazard and the financial crisis of 2007-9: An Explanation for why the subprime mortgage defaults and the housing market collapse produced a financial crisis that was more severe than any previou," Working Papers 46, globADVANTAGE, Polytechnic Institute of Leiria.
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    12. Emmanuel Saez, 2013. "Striking it Richer: The Evolution of Top Incomes in the United States (Updated with 2011 preliminary estimates)," Technical Notes 201301, World Inequality Lab.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    ethics in business; misconceptions that justify today's unethical behavior; critical ethical reasoning;
    All these keywords.

    JEL classification:

    • M0 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General
    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration

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