Interest in business ethics courses has surged, and student activities at leading business schools are more focused than ever before on making business serve long-term social values.
Sentiment: POSITIVE
Business ethics has always had problems that are distinct from those of other professions, such as medicine, law, engineering, dentistry, or nursing.
While academic abilities remain integral, it is the work ethics that form the soul of the business.
The more moral the people are in their business dealings, the less paperwork you need, the more handshakes you can have, the more the wheels of capitalism work better because there's trust in the marketplace. Business ethics is not a joke. And, in fact, I think most businesses that I've dealt with encourage exactly that type of behavior.
I am personally interested in more than just business schools. However, life has been good to me, and it's been good to me through a business career. I think the chance to help strengthen the foundation of young people going into business, as I did, just appeals to me.
I tell students and young professionals all the time to follow their hearts, do what they truly love, and if it's business, run it by being grounded in ethical consciousness.
We believe that business is good because it creates value. It is ethical because it is based on voluntary exchange; it is noble because it can elevate our existence, and it is heroic because it lifts people out of poverty and creates prosperity.
I think many people go to business school and learn ways to play it safe, ensuring that they avoid some of the pain that entrepreneurs endure while taking less calculated risks.
Ethics or simple honesty is the building blocks upon which our whole society is based, and business is a part of our society, and it's integral to the practice of being able to conduct business, that you have a set of honest standards.
The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.
We're coming down to an extremely unethical society. Very few colleges offer courses in ethics, and very few companies have a code of conduct or code of ethics.