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Full-Text Articles in Business Law, Public Responsibility, and Ethics
Development, Poverty And Business Ethics, Laura Hartman, Patricia Werhane
Development, Poverty And Business Ethics, Laura Hartman, Patricia Werhane
Laura Hartman
Proposals surrounding poverty alleviation are greatly affected by the ways in which we think about people living in conditions of extreme poverty. The success or failure of those proposals, when operationalized, depends upon our mental models and the ways in which we calibrate and then integrate the narratives we encounter. While others have envisioned a role for multinational enterprises (MNEs) in alleviating global poverty, these schemes lack the catalysts of moral imagination and systems thinking necessary to modify MNE mental models toward sustainable solutions that also create board-based stakeholder value. We will outline the parameters of the challenge, explain the …
Business, Profit, Partnership And The Global Common Good, Scott Kelley, Patricia Werhane, Laura Hartman
Business, Profit, Partnership And The Global Common Good, Scott Kelley, Patricia Werhane, Laura Hartman
Laura Hartman
The chapter considers the reduction of poverty through for-profit initiatives, with a critique of global corporations that take goods and services out of the "bottom of the pyramid" rather than developing new markets that provide new jobs as well as export products and services. Thus, the common good is served through economic empowerment without having to appeal to global philanthropy. An inversion of intuitive thinking is proposed whereby models for for-profit initiatives are considered that will contribute to the common good rather than using a notion of the common good to inspire global companies.