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Ethical Innovation in Business and the Economy

Edited by Georges Enderle, John T. Ryan Jr. Professor of International Business Ethics and Patrick E. Murphy, Professor of Marketing, Mendoza College of Business, University of Notre Dame, US
Innovation has become a buzzword that promises dramatic changes in almost every field of business. Absent from this attention is a serious discussion of the ethical sides of dramatic change. To address this, editors Georges Enderle and Patrick E. Murphy gather a team of experts to fully examine the ethics of innovation within business and the economy in this standout addition to the Studies in TransAtlantic Business Ethics series.
Extent: 336 pp
Hardback Price: $145.00 Web: $130.50
Publication Date: 2016
ISBN: 978 1 78471 996 8
Availability: In Stock
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  • Business and Management
  • Business Ethics and Trust
  • Business Leadership
  • Innovation and Technology
  • Organisational Innovation
Innovation has become a buzzword that promises dramatic changes in almost every field of business. Absent from this attention is a serious discussion of the ethical sides of dramatic change. To address this, editors Georges Enderle and Patrick E. Murphy gather a team of experts to fully examine the ethics of innovation within business and the economy in this standout addition to the Studies in TransAtlantic Business Ethics series.

The book opens with an exploration and clarification of several key concepts necessary for a thorough study of innovation such as business ethics, moral innovation, creativity, and wealth creation. The opening chapters also propose a novel theoretical foundation and methodological approach with which to address ethical innovation. Subsequently, the contributors discuss challenges and opportunities of innovation for individuals, organizations, and systems while zoning in on a wide range of specific examples, including but not limited to: managerial responsibilities, morality and imagination of leaders, as well as the ethics of the Maker Movement. This comprehensive book evaluates organizational innovations from diverse parts of the world including Egypt, India, Latin America, the UK, and the US. Ethical Innovation in Business and the Economy concludes with a presentation of methods for improving economic systems, such as tracing Adam Smith in emerging enterprises, developing a justice model of marketing to the poor, and bridging the formal and informal economies in an African context.

This in-depth examination of innovation, and its involvement in the business and economic world, is an invaluable reference tool for students, teachers, and researchers in business and economic ethics, as well as executives in business and other organizations who search for new and more responsible ways to address globalization, sustainability, and financialization.
‘One of the strengths of the book is that it combines a conceptual clarification of what ethical innovation means – and why it is needed – with discussions of actual ethical innovations at each of the different responsibility levels in business ethics (the individual, organizational and systemic level).’
– Geert Demuijnck, EDHEC Business School, France

‘Innovation in business is not new. But innovation is new in the business ethics literature. This is the first book I know of that examines both innovation in business ethics and ethical aspects of innovation in business. New ways of doing business and many of the changes brought about by technology and globalization raise ethical issues too often ignored by those in business ethics until there is a crisis or scandal. This ground-breaking group of chapters opens up a new area for research and investigation by those in business ethics and those with an interest in ethics in business.’
– Richard De George, Distinguished Professor Emeritus, University of Kansas, US

‘This book helps us rethink our assumptions about ethics. Do you equate “ethics” with rules that regulate behavior? Drop that assumption! The bright line between imagination and ethics needs erasing. To be sure, imagination launches self-driving cars, iPads, and video games. But imagination also launches new models of ethical leadership, creative partnerships between business and government, and clever incentive systems that block conflicts and avoid financial crisis. Written by authors who are at the pinnacle of the business ethics world, Ethical Innovation in Business and the Economy is a first-mover in the new world of ethical innovation.’
– Thomas Donaldson, University of Pennsylvania, US

‘This book draws together some important concepts in both conceptual and practical terms. Business ethics, innovation, and creativity are overdue such a text which interrogates them individually and collectively. What I value most about Ethical Innovation in Business and the Economy is the way it pulls together the old and the new to great advantage. Integrating traditional moral theory with contemporary and emerging social, commercial, economic, and technical challenges allows for new and engaging insights based in high levels of scholarship. I would also recommend it as a book which goes beyond the usual Western context and covers micro, meso, and macro perspectives. Ethical Innovation in Business and the Economy is a great read and I would encourage anyone interested in one of its multiple perspectives to broaden their horizons by taking a look.’
– Laura J. Spence, Royal Holloway, University of London, UK
Contributors: T. Beschorner, D. Bevan, G.G. Brenkert, J.B. Ciulla, G. Enderle, N.-h. Hsieh, K.J. Ims, D. Koehn, M. Kolmar, G.R. Laczniak, C. Luetge, P.E. Murphy, E. O’Higgins, P.J. Opio, M.A. Santoro, N.J.C. Santos, A. Tencati, M. Uhl, P.H. Werhane, L. Zsolnai



Contents:

1. Ethical Innovation in Business and the Economy – A Challenge that cannot be Postponed
Georges Enderle

PART I CONCEPTUAL, THEORETICAL AND METHODOLOGICAL CLARIFICATIONS
2. Business, Moral Innovation and Ethics
George G. Brenkert

3. Moral Capabilities and Institutional Innovation – An Extended Transaction Cost Approach
Thomas Beschorner and Martin Kolmar

4. Innovative Methodology: An Experimental Approach to Ethics
Christoph Luetge and Matthias Uhl

PART II INDIVIDUAL INITIATIVES FOR ETHICAL INNOVATIONS
5. Managerial Responsibility and the Purpose of Business: Doing One’s Job Well
Nien-hê Hsieh

6. Drops in the Pond: Leaders, Morality, and Imagination
Joanne B. Ciulla

7. The Ethics of the Maker Movement: The Potentially Good and the Possibly Terrible
Daryl Koehn

PART III TOWARD INNOVATIVE AND ETHICAL ORGANIZATIONS
8. Is the Co-operative Model a Realistic Alternative to Traditional Joint Stock Companies?
Eleanor O’Higgins

9. Innovation in Financial Industry Executive Compensation Practices: Lessons of the “London Whale” Trade for Volcker Rule Implementation
Michael A. Santoro

10. Social Innovation and Social Development in Latin America, Egypt and India
Knut J. Ims and Laszlo Zsolnai

11. An Innovative Scheme for Integrated Reporting beyond Current Practices
Antonio Tencati

PART IV SYSTEMIC CHANGES FOR ETHICAL INNOVATIONS
12. Capitalism in the Twenty-first Century: Tracing Adam Smith in Emergent Variations of Free Enterprise
Patricia H. Werhane and David Bevan

13. The Integrated Justice Model: Fair, Ethical and Innovative Marketing to the Poor
Gene R. Laczniak and Nicholas J.C. Santos

14. “System D” – Creativity, Innovation, and Ethics in an African Context: Bridging the Gap Between the Informal and Formal Economies
Peter John Opio

Index