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Business Ethics

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Business Ethics
Business ethics : Expectations and disappointments

In early December I attended the Inaugural Australasian Business Ethics Network (ABEN) conference in New-Zealand: Business Ethics – Expectations and Disappointments. Still an emerging network, ABEN was set up late last year by a group representing academic institutions from around Australia and New Zealand. The purpose of the Network is to provide support for business ethics education and research in the Australasian region.
Business ethics; too often still an oxymoron
It is still too often the case that people refer to business ethics as an oxymoron, with ethical values considered an individual matter. People tend to think of ethics as something that cannot be applied, something existing in a realm of great complexity and therefore a waste of time and money – after all, didn’t Milton Friedman say: “The social responsibility of business is to increase its profit”?
For some of us, such a statement makes our hair stand on end.
Decades and dozens of corporate ethical failures later, when business ethicists and critical management theorists might have hoped for a rethinking and challenging of traditional business theories, Friedman’s shareholder theory is still core to business education. And more often than not it is dissociated from alternative ethical values, if not just ignored.
The ABEN conference set a platform for change – a place for open debate, bringing both long- standing and new dilemmas to the forefront.
It was an inspiration to see students, early-career researchers and experienced academics alike, in search of critical thinking and alternative business theories. I was energised by their rallying for change and they are actively seeking reconciliation between two worlds, two traditions, and theories too often thought of as mutually exclusive.
We discussed education, but also ethics and politics, ethics and spirituality, and challenging business theories. The conference was catered with Fair

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