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Trickle Effect
How to protect small communities, preserve wildlife, and mitigate climate change? For one leading researcher, it all starts in the forest. UN peace messenger and British primatologist Jane Goodall, the world’s most famous authority on chimpanzees, is taking questions about Copenhagen. By Daniel Stone | Newsweek Web Exclusive Please fill in the following Newsweek Trickle Effect…
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It’s All About Selling for Survival
by Vivek Wadhwa on December 12, 2009 The one skill which entrepreneurs need is something they don’t teach in business school—selling. Yes, I know that “selling” conjures up negative images of used-car salesmen peddling clunkers. But the ability to persuade people to believe in you is a necessity. That’s because sales is not just about selling TechCrunch It’s All About Selling for Survival…
Read full storyThere is a statement which says that ‘Corporations exist to provide products and/or services that produce profits for their shareholders’ and the cite is from Canadian Centre for Ethics in Sports. This statement lumps far too many things in the same box. Corporations, business in society, capitalism and why people go into business are all different things. Please consider the following:
-The purpose of using a corporation is to provide legal protection for owners (shareholders) who hire managers to run the daily operations of their business. (“Corporations” The Yale Law Journal, Vol. 11, No. 5 (Mar., 1902), pp. 223-245)(“Are Corporations Morally Defensible?” Gillian Brock Business Ethics Quarterly, Vol. 8, No. 4 (Oct., 1998), pp. 703-721)
-The purpose of businesses in a capitalist society is to provide efficient division of labor so that society can benefit from the innovativeness driven by competition. (The Natural Roots of Capitalism and Its Virtues and Values Sherwin Klein Journal of Business Ethics, Vol. 45, No. 4 (Jul., 2003), pp. 387-401)(Realizing the Spirit and Impact of Adam Smith’s Capitalism through Entrepreneurship Realizing the Spirit and Impact of Adam Smith’s Capitalism through Entrepreneurship Scott L. Newbert Journal of Business Ethics, Vol. 46, No. 3 (Sep., 2003), pp. 251-261)
-Why individuals do business is to maximize their own personal exchange in a market. (“The Why’s of Business Revisited” Ronald F. Duska Journal of Business Ethics, Vol. 16, No. 12/13, From the Universities to the Marketplace: The Business Ethics Journey: The Second Annual International Vincentian Conference Promoting Business Ethics (Sep., 1997), pp. 1401-1409)
Consider the following quote about capitalism: “More than two centuries ago, Adam Smith wrote The Theory of Moral Sentiment and The Wealth of Nations wherein he argued that capitalism was a system of economic organization whereby social welfare can be most efficiently created through the pursuit of economic and moral self-interest. However, due to the undue focus on the latter of these two works, modern economic thinking has become dominated by the belief that the pursuit of economic self-interests alone will engender the greatest social welfare. Unfortunately, such reasoning becomes problematic when the externalities that often spawn from economically driven capitalist endeavors are considered. It appears then that in order to maximize the benefits and minimize the costs of a capitalist system, the interests of both the self and society must be considered, which of course was Adam Smith’s argument.” (Newbert 2003 from above).
I would take out that first statement and revise the second so that we avoid the debate in this section.
The Purpose and role of a business
Businesses in our society can influence every aspect of our lives. They have such power and can create trends so easily that they have an obligation to promote good. Their shear size, power, and monetary influence allows them to heavily sway public opinion.
From the Wikipedia discussion page for Corporate Social Responsibility
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The Eurocrats Europe Needs
Catherine Ashton and Herman Van Rompuy should suit the European Union – and that’s all that matters. BY JAMES JOYNER | DECEMBER 1, 2009 Today, two obscure figures will take to the highest posts in the new European Council: Belgian Prime Minister Herman Van Rompuy as president and EU Trade Commissioner Catherine Ashton as high representative for foreign Foreign Policy The Eurocrats Europe Needs…
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Take the R Out of BRIC
BY ANDERS ÅSLUND | DECEMBER 2, 2009 As Russia proudly boasts its prominence at G-20 summits, gatherings of the BRIC countries (Brazil, Russia, India, and China), and other global economic round tables, an embarrassing question arises. Does Russia really deserve to be a BRIC? The country’s economic performance has plummeted to such a dismal level that Foreign Policy Take the R Out of BRIC…
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Ukraine’s Phantom Flu
BY JULIA IOFFE | NOVEMBER 25, 2009 The global swine flu outbreak has become something of a political football in every country where the pandemic has spread, but Ukraine’s response to the virus has achieved a new level of blatant politicization. According to a campaign advisor to Yulia Tymoshenko, the Ukrainian prime minister and presidential candidate Foreign Policy Ukraine’s Phantom Flu…
Read full storyDISPATCH NOVEMBER 19, 2009
After decades of girls’ fantasy novels featuring empowered,
adventurous heroines, it’s perplexing that the Twilight saga,
featuring insipid Bella Swann, has so thoroughly captivated a
generation of teenagers.
by Alyssa Rosenberg
http://www.theatlantic.com/doc/200911u/new-moon A Condemnation of Sparkly Vampires
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More Research To Back The Notion That Streaming Kills Piracy
by Robin Wauters on December 2, 2009 The findings are in line with other research and conclusions reached earlier this year by The Leading Question, MusicAlly’s consumer research division, which suggested that the number of teenagers who download copyrighted content from illegal sources has fallen dramatically over the past few years in favor of streaming. TechCrunch More Research To Back The Notion That Streaming Kills Piracy…
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