Question 1: Discuss how the peer-reviewed journal article is important to our understanding of business ethics.
Question 2: Summarize the article and discuss the relevance of the article to business ethics (why does this article matter)?
Money scandals focus minds on need for ethics:
falseDearlove, Des. The Times [London (UK)] 19 Jan 2006: 5.
Nearly 600 MBA programmes responded to a survey, and 1,842 courses and 828 journal articles from leading peer-reviewed business publications were analysed. In the UK, Nottingham University Business School leads the way and is ranked 12th in the world. This reflects the school's commitment to ethical issues, which includes the International Centre for Corporate Social Responsibility (ICCSR). "Compared with ten years ago, when coverage was patchy or peripheral, business ethics and corporate social responsibility now occupy a central place in the programmes of leading business schools," says Professor Alistair Bruce, the school's director.
Other UK schools are integrating ethics courses into the MBA core at varying speeds. At Lancaster University Management School a module on responsible management is now compulsory.Henley Management College has a more radical approach, says Dr Kevin Money. "While traditional business schools have finance, marketing and HR departments, we have established schools in the areas of reputation, leadership and processes. This ensures that ethics and values are embedded into the teaching." Embedding ethics, of course, is the hard bit. It is one thing to teach students the right thing, another to get them to do it under pressure. But the topic will continue to be given more space on MBA courses at least for as long as memories of Enron remain fresh.
Nearly 600 MBA programmes responded to a survey, and 1,842 courses and 828 journal articles from leading peer-reviewed business publications were analysed. In the UK, Nottingham University Business School leads the way and is ranked 12th in the world. This reflects the school's commitment to ethical issues, which includes the International Centre for Corporate Social Responsibility (ICCSR). "Compared with ten years ago, when coverage was patchy or peripheral, business ethics and corporate social responsibility now occupy a central place in the programmes of leading business schools," says Professor Alistair Bruce, the school's director.
Other UK schools are integrating ethics courses into the MBA core at varying speeds. At Lancaster University Management School a module on responsible management is now compulsory.Henley Management College has a more radical approach, says Dr Kevin Money. "While traditional business schools have finance, marketing and HR departments, we have established schools in the areas of reputation, leadership and processes. This ensures that ethics and values are embedded into the teaching." Embedding ethics, of course, is the hard bit. It is one thing to teach students the right thing, another to get them to do it under pressure. But the topic will continue to be given more space on MBA courses at least for as long as memories of Enron remain fresh.
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Corporate social responsibility is gaining ground at the leading schools says Des Dearlove.
BUSINESS schools are talking up their ethics courses in the wake of recent corporate scandals. But is it just window dressing or is it for real?
Some answers can be found in Beyond Grey Pinstripes (www.beyondgreypinstripes.org), an independent biannual study that compares the quantity and quality of ethical course content across MBA courses. Published by the non-profit Aspen Institute and the World Resources Institute environmental think-tank, its latest findings cover 91 schools across the world.
A course in corporate social responsibility (CSR), ethics, sustainability or business and society is now a requirement for 54 per cent of MBAs, it says. That is up from 45 per cent in 2003 and 34 per cent in 2001.
The study ranks participating schools on how well they integrate ethics and environmental issues into their curriculum. Positions are based on a school's commitment in the number of courses offered; the percentage of time dedicated to social and environmental issues; quality of the content; and faculty research.
Nearly 600 MBA programmes responded to a survey, and 1,842 courses and 828 journal articles from leading peer-reviewed business publications were analysed. In the UK, Nottingham University Business School leads the way and is ranked 12th in the world. This reflects the school's commitment to ethical issues, which includes the International Centre for Corporate Social Responsibility (ICCSR). "Compared with ten years ago, when coverage was patchy or peripheral, business ethics and corporate social responsibility now occupy a central place in the programmes of leading business schools," says Professor Alistair Bruce, the school's director.
"In practical terms, ethics and corporate responsibility are unavoidably central to corporate strategic and operational thinking," adds Jeremy Moon, ICCSR director, one of two UK professors to pick up a Beyond Grey Pinstripes award as a "faculty pioneer" -given to exceptional scholars and excellent teachers.
The other winner was Professor Craig Smith of London Business School. A senior fellow in marketing and ethics, Smith was recognised for his research spanning nearly two decades, and his championing of ethics and corporate responsibility in his teaching and other activities. LBS was one of the first top business schools to introduce ethics and CSR to the core curriculum -both are now compulsory for MBA students.
Elsewhere, too, ethics is moving into the MBA mainstream. Leeds University Business School is a partner in Leeds' successful bid for a Centre for Excellence in Teaching and Learning in interdisciplinary ethics. The new centre will build on the medical degree's ethics teaching.
Other UK schools are integrating ethics courses into the MBA core at varying speeds. At Lancaster University Management School a module on responsible management is now compulsory.Henley Management College has a more radical approach, says Dr Kevin Money. "While traditional business schools have finance, marketing and HR departments, we have established schools in the areas of reputation, leadership and processes. This ensures that ethics and values are embedded into the teaching." Embedding ethics, of course, is the hard bit. It is one thing to teach students the right thing, another to get them to do it under pressure. But the topic will continue to be given more space on MBA courses at least for as long as memories of Enron remain fresh.
Increasingly, too, schools that are serious about ethics are being recognised by external organisations. The United Nations Environmental Programme chose students at the Tuck School at Dartmouth College, in New Hampshire, to study sustainability reporting in the financial sector.
But few schools can claim to go as far as the University of Chicago Graduate School of Business. It is the only school anywhere to have a Nobel laureate - Robert Fogel, winner of the 1993 Nobel Prize in economics -teaching "A Guide to Business Ethics".
Now that is serious.