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Full Description
Innovation has become a buzzword that promises dramatic changes in almost every field of business. Absent from this attention is a serious discussion of the ethical sides of dramatic change. To address this, editors Georges Enderle and Patrick E. Murphy gather a team of experts to fully examine the ethics of innovation within business and the economy in this standout addition to the Studies in TransAtlantic Business Ethics series.The book opens with an exploration and clarification of several key concepts necessary for a thorough study of innovation such as business ethics, moral innovation, creativity, and wealth creation. The opening chapters also propose a novel theoretical foundation and methodological approach with which to address ethical innovation. Subsequently, the contributors discuss challenges and opportunities of innovation for individuals, organizations, and systems while zoning in on a wide range of specific examples, including but not limited to: managerial responsibilities, morality and imagination of leaders, as well as the ethics of the Maker Movement. This comprehensive book evaluates organizational innovations from diverse parts of the world including Egypt, India, Latin America, the UK, and the US. Ethical Innovation in Business and the Economy concludes with a presentation of methods for improving economic systems, such as tracing Adam Smith in emerging enterprises, developing a justice model of marketing to the poor, and bridging the formal and informal economies in an African context.
This in-depth examination of innovation, and its involvement in the business and economic world, is an invaluable reference tool for students, teachers, and researchers in business and economic ethics, as well as executives in business and other organizations who search for new and more responsible ways to address globalization, sustainability, and financialization.
Contributors: T. Beschorner, D. Bevan, G.G. Brenkert, J.B. Ciulla, G. Enderle, N.-h. Hsieh, K.J. Ims, D. Koehn, M. Kolmar, G.R. Laczniak, C. Luetge, P.E. Murphy, E. O'Higgins, P.J. Opio, M.A. Santoro, N.J.C. Santos, A. Tencati, M. Uhl, P.H. Werhane, L. Zsolnai
Contents
Contents:
1. Ethical Innovation in Business and the Economy - A Challenge that cannot be Postponed
Georges Enderle
PART I CONCEPTUAL, THEORETICAL AND METHODOLOGICAL CLARIFICATIONS
2. Business, Moral Innovation and Ethics
George G. Brenkert
3. Moral Capabilities and Institutional Innovation - An Extended Transaction Cost Approach
Thomas Beschorner and Martin Kolmar
4. Innovative Methodology: An Experimental Approach to Ethics
Christoph Luetge and Matthias Uhl
PART II INDIVIDUAL INITIATIVES FOR ETHICAL INNOVATIONS
5. Managerial Responsibility and the Purpose of Business: Doing One's Job Well
Nien-hê Hsieh
6. Drops in the Pond: Leaders, Morality, and Imagination
Joanne B. Ciulla
7. The Ethics of the Maker Movement: The Potentially Good and the Possibly Terrible
Daryl Koehn
PART III TOWARD INNOVATIVE AND ETHICAL ORGANIZATIONS
8. Is the Co-operative Model a Realistic Alternative to Traditional Joint Stock Companies?
Eleanor O'Higgins
9. Innovation in Financial Industry Executive Compensation Practices: Lessons of the "London Whale" Trade for Volcker Rule Implementation
Michael A. Santoro
10. Social Innovation and Social Development in Latin America, Egypt and India
Knut J. Ims and Laszlo Zsolnai
11. An Innovative Scheme for Integrated Reporting beyond Current Practices
Antonio Tencati
PART IV SYSTEMIC CHANGES FOR ETHICAL INNOVATIONS
12. Capitalism in the Twenty-first Century: Tracing Adam Smith in Emergent Variations of Free Enterprise
Patricia H. Werhane and David Bevan
13. The Integrated Justice Model: Fair, Ethical and Innovative Marketing to the Poor
Gene R. Laczniak and Nicholas J.C. Santos
14. "System D" - Creativity, Innovation, and Ethics in an African Context: Bridging the Gap Between the Informal and Formal Economies
Peter John Opio
Index
