I’ve heard a lot of comments about the 6th module on the Leicester MBA titled Business Ethics in a Global Context. Some students have mentioned that it focuses much more on ethical philosophy and hardly offers practical solutions in enterprise. Others have gone on to say that it is the module they connected the least with on the whole MBA programme.
In relation to management, I came across a pertinent application of BEGC in entrepreneurship: the social entrepreneur. Below is an excerpt from a research paper entitled ‘Socially Responsible Entrepreneurship and Business Ethics’ written by Dr. Dr. Matjaz Mulej, Prof. Emer.
‘Problems cannot be solved with the mentality that has caused them’. Hence, the 2008- crisis cannot be solved with ethics of one-sided and short-term mentality of the industrial and neo-liberal economics, which has caused the ‘Bubble Economy’ of several recent decades. Neither the market nor the government alone have assured the common benefit of all humans so far, as they were supposed to in the so-called capitalistic or communistic/socialistic socio-economic order over the recent centuries.The pre-industrial mentality has neither been able to assure the common benefit that should result from the ‘invisible hand’ or the ‘visible hand’ of power-holders. The decisions/actions have always been made and taken by humans, making or heading organizations, be it families, enterprises, non-governmental organizations, public institutions, or government bodies. The role of organizations is to provide for synergistic cooperation of specialists toward ‘holism’ as the basis of the common benefit.
This realisation has thrust the role of the social entrepreneur into the limelight of the current knowledge economy, bringing to the foreground the business ethics perspective: intellectual frameworks such as deontology designed to enable us focus on the corporate social intrapreneur and the social entrepreneur in their unilateral quest to achieve – over and above economic value to their shareholders – social value to benefit both the corporation and the wider society.
For more insight into the role of Business Ethics in today’s Global Context, I invite you to review the Forbes 30 Under 30 Social Entrepreneurs … Be Inspired!