Wednesday, November 3, 2010

Business, Evil Business



Some schools are stepping it up from a nondescript honor code to a more specific honor code of business.

Leslie Wayne tells us more in this New York Times article: http://www.nytimes.com/2009/05/30/business/30oath.html?_r=2. According to this, 20% of Harvard's business grads have signed 'The MBA Oath,' which urges tomorrow's business managers to care about how they fill up their bank accounts; to pursue their "narrow ambitions" less and to serve society a little more than, say, the Enron days.

Basically, it's an affirmation of CSR's increasing importance in business. It is probably naive to roll out the peace signs, but  it is true at least that business schools are offering a lot more business ethics courses than they did twenty years ago.
Modern life seems to be squeezing business down a funnel, forcing it to reshape itself into a more ethical social actor. More than ever, we are aware of the admonishing fingers pointed at Business, evil Business. We are now raising kids who will have the weight of the gasping environment on their shoulders. We are also still licking our wounds (and stiching up our wallets) after an economic let-down that was so much more than a "technical blip."  At face value, it seems business is starting to reflect people's desire for lives that mean more, and for organizations that care more. 

And beyond face value? Time, and products, will tell. But for now, let's assume that all the rallying for sanity is starting to pay off. Pun decidedly not intended. 


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