We can all think of examples of businesses, or perhaps their senior managers, behaving badly and causing harms to wider society. The Enron scandal, excessive risk taking in the lead-up to the 2007-8 financial crash, “Dieselgate” and others spring to mind.
But can we really expect any more of businesses? Are they ethical entities? Or do they simply exist to pursue profit at all costs? Do the managers and leaders of businesses have special duties and responsibilities?
In the second half of the course we will look at the various areas in which businesses engage in controversial activities. Some of these are about fairness, such as the treatment of workers and customers. We will consider concerns about the impacts of business activities on the environment and the relationship between business and politics. The course will end with a discussion of the controversies arising where businesses take the opportunity to do business and make profits abroad.
In this short course we will draw on ethics and real case studies to consider the extent to which businesses can and should be expected to act ethically.