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Moral Business Cultures: The Keys to Creating and Maintaining Them.

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Title: Moral Business Cultures: The Keys to Creating and Maintaining Them.
Authors: Feldman, Steven P.
Source: Organizational Dynamics. 2007, Vol. 36 Issue 2, p156-170. 15p.
Subjects: Business ethics, Profitability, Corporate culture, Ethical decision making, Social values, Ends & means, Moral realism, Moral relativism, Economics
Abstract: The competitive business system continues to experience breakdowns in ethical conduct suggesting underlying problems. Yet some businesses demonstrate high standards of ethical conduct over long periods of time. One way to attempt to understand what is wrong is to investigate how some businesses are getting it right. In this article, the cultures of 17 businesses that 15 business ethicists and 15 corporate executives identified as having enduring moral cultures are analyzed. Five general conclusions emerge. First, these business cultures attempt to integrate industry structure, company history, current practices, and moral leadership into a single moral vision that seeks to put everything they do inside moral regulation. Second, particular effort is made to include profit seeking activities within moral limits. Third, these cultures use broadly held societal values such as democratic practices or environmentalism to define moral priorities. Fourth, they blur the line between for-profit and nonprofit orientations that advances both profitability and community betterment. Fifth, moral traditions transmitted from one generation of employees to the next are of central importance in maintaining and developing moral culture. [ABSTRACT FROM AUTHOR]
Copyright of Organizational Dynamics is the property of Elsevier B.V. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Database: Psychology and Behavioral Sciences Collection
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  Data: Moral Business Cultures: The Keys to Creating and Maintaining Them.
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  Data: The competitive business system continues to experience breakdowns in ethical conduct suggesting underlying problems. Yet some businesses demonstrate high standards of ethical conduct over long periods of time. One way to attempt to understand what is wrong is to investigate how some businesses are getting it right. In this article, the cultures of 17 businesses that 15 business ethicists and 15 corporate executives identified as having enduring moral cultures are analyzed. Five general conclusions emerge. First, these business cultures attempt to integrate industry structure, company history, current practices, and moral leadership into a single moral vision that seeks to put everything they do inside moral regulation. Second, particular effort is made to include profit seeking activities within moral limits. Third, these cultures use broadly held societal values such as democratic practices or environmentalism to define moral priorities. Fourth, they blur the line between for-profit and nonprofit orientations that advances both profitability and community betterment. Fifth, moral traditions transmitted from one generation of employees to the next are of central importance in maintaining and developing moral culture. [ABSTRACT FROM AUTHOR]
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  Data: <i>Copyright of Organizational Dynamics is the property of Elsevier B.V. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
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        Value: 10.1016/j.orgdyn.2007.03.004
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        Text: English
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        PageCount: 15
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      – SubjectFull: Business ethics
        Type: general
      – SubjectFull: Profitability
        Type: general
      – SubjectFull: Corporate culture
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      – SubjectFull: Ethical decision making
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      – SubjectFull: Social values
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      – SubjectFull: Ends & means
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      – SubjectFull: Moral realism
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      – SubjectFull: Moral relativism
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      – SubjectFull: Economics
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              Text: 2007
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