Managing Values and Beliefs in orgs

Book.

Chapter 1

Rise of CSR
dates back to American civil war and the sharp rise of capitalism afterwards.
anti-trust movement dates back to this time.
business was seen as powerful and dangerous.
consolidation in business has led to a small number of powerful orgs.
General Motors, Ford Motor Company, IBM, General Electric Company, Mobil, Exxon.
There are large hidden costs to society - despite philanthropy.

case against CSR
Milton Freedman - biggest name against.
There are different anti groups- some calling for more government intervention.

Rise of Business Ethics BE
Post-war phenomenon
Watergate>Nixon>public disillusionment
the emergence of 'post-industrialist' society

Difference between BE and CSR
Idea that BE is taking 'universal' ethics and applying them to business.
CSR is more specific.

Case against BE
The example of poker is used - need a bit of deception to win.
some say business is already regulated by law
however is morality broader than legality . pg 9

rise of corporate governance
most recent - came after big corporate failures of 1980s/1990s
due to fraud and huge pay packages for big brass

Case for CG
idea is that business does not collapse if corporate governance regulations are put in place
see Cadbury Code

Against CG
Would not have prevented some of th failures/collapses
Some say recommendations intrude too much.
too much focus on accountability not prosperity.

Integration of CG, BE, CSR
The book looks to bring them all together.