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Beyond Grey Pinstripes

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Georgetown University (McDonough)

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Georgetown University (McDonough) Rafik B. Hariri Building
37th and O Streets
Washington, DC, 20057
United States
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Demographic Information

Number of full-time MBA students (2011): 

253

Number of part-time MBA students (2011): 

116

Total duration of full-time MBA program: 

21 months

MBA faculty (Fall 2010): 

170

Females as percent of student body: 

30%
Who Are the Students? See what percentage of the 2010-2011 graduating class came to this MBA program from the private sector, the non-profit sector and government jobs
 
Private Sector (88%)
 
Non-profit (7%)
 
Government (5%)


  • School Information
  • Courses
  • Outside the Classroom
  • Faculty Research

Description of MBA Program: 

Georgetown University’s McDonough School of Business prepares students for managing social and environmental issues and having a positive impact on business’s social environment. We believe a manager’s training is incomplete without an understanding of this important aspect of business, which is reflected in our school’s mission educate “ethically responsible business leaders.”


From the outset, we seek bright men and women to attend Georgetown who appreciate the importance of responsible social and environmental management (many of whom have worked in the Peace Corps and other voluntary organizations) and who are willing to learn and apply the cutting-edge techniques of marketing, accounting, and other disciplines to the CSR field.


In 2011, Georgetown’s McDonough School of Business is launching the Global Social Enterprise Initiative, which seeks to prepare future leaders to understand social enterprise as a critical business and organizational strategy component in order to make responsible management decisions that emphasize long-term economic and social value creation. Spearheaded by William Novelli, former CEO of AARP and founder of Porter Novelli, the initiative will include a comprehensive curriculum and extracurricular and experiential programs.


The social and environmental aspects of business also are woven throughout the curriculum. Courses include topics such as ethical issues in business, social marketing, social enterprise management, corporate social responsibility, solving poverty problems in Africa, and others. Students also study leadership through a dedicated core course and an intensive residency week dedicated to leadership development. In particular, our leadership component focuses on effective organizational leadership, personal leadership skills, and topics in ethical management. Further, all students are required to participate in the school’s Distinguished Leaders speaker series. Recent speakers have included Ted Leonsis (author of The Double Bottom Line), Muhammad Yunnis (Grameen Bank), and Seth Goldman (Honest Tea).


Additionally, all students participate in at least one week-long foreign residency, during which they undertake real-world consulting projects for a business client in a foreign country. Projects often touch on social and environmental problems. For example, teams of Georgetown students traveling to South Africa have solved challenges addressing water purification in Swaziland, strategy development for the Southern African Business School Network, agribusiness, alternative energy, and urban poverty.


In addition to Professor Novelli’s new initiative, several faculty members are actively involved in social impact initiatives and bring those experiences to the classroom. Alan Andreasen, professor of marketing, has received both the Richard W. Pollay Prize for Lifetime Achievement in Intellectual Excellence in Research on Marketing in the Public Interest and the American Marketing Association Marketing and Society Special Interest Group Lifetime Achievement Report. Professor Richard America has active partnerships with the African Business School Initiative, the Initiative for a Competitive DC project, and the Bushmeat Crisis Task Force. Additionally, Professor Ed Soule leveraged his relationship with Coca-Cola Enterprises to bring the company's corporate social responsibility efforts into the classroom as a project for students, giving them a more tangible experience in CSR and direct interaction with company executives.
 



How does the MBA program 'walk the talk' of social and environmental impact?: 

Sustainability is a key initiative at Georgetown University, and President John J. DeGioia has made it a priority to address conservation and environmental stewardship throughout the university. Georgetown has committed to reducing its carbon footprint by 50 percent by 2020, and is on its way toward that goal with a 20 percent reduction since 2006. Recycling also is important, with an average recycling rate of 45 percent – a three-fold increase from only three years ago. Additionally, the administration has challenged itself to a zero-landfill policy and has achieved an approximate 85 percent diversion rate, meaning that only about 15 percent of all campus waste reaches a landfill.



The university’s dining hall has gone green by serving sustainably sourced foods, reducing waste and water consumption, and reducing its carbon footprint. Buildings and grounds also practice conservation with efficient irrigation and landscaping plans, composting, sustainable gardening, and a requirement that all new buildings, including the new McDonough School of Business building, and renovations are designed to meet a LEED Silver designation or higher.



Transportation is green on campus, with the implementation of biodiesel shuttle busses, 40 electric vehicles for transportation around campus, and a “veggie car” that runs on reprocessed vegetable oil. The university also is part of a pilot program with Toyota to test and research the use of electric cars. (Learn more about Georgetown’s initiatives online at http://sustainability.georgetown.edu.)



Georgetown’s McDonough School of Business, which is housed in a new LEED Silver certified building that opened in 2009, includes:

• An expected energy savings of 15 percent through efficient lighting design and controls, including the extensive use of dimmable high-efficiency fluorescent fixtures, optimized garage exhaust fan controls, and ultra low-flow lavatory fixtures;

• A 41 percent water use reduction through use of ultra low flow fixtures and dual-flush water closets;

• Water-efficient landscaping;

• Operable exterior windows that contribute to indoor environmental quality;

• Building materials that contain recycled content and were manufactured locally;

• More than half of the construction waste – 800 tons – was recycled and re-used;

• Bicycle storage facilities, proximity to public transportation, and several preferred parking spaces for hybrid and electric vehicles;

• Highly reflective materials that were used to pave 68 percent of the non-roof impervious surfaces;

• Low-emitting paints, adhesives, sealants and carpeting;

• Manufacturing 25 percent of the total building materials using recycled materials; and

• Local products, in that nearly 31 percent of the total building materials were extracted, harvested, or recovered, as well as manufactured, within 500 miles of the project site.
 

Academic Department

  • Finance
    8 items
  • Marketing
    7 items
  • Management
    7 items
  • CSR/Business Ethics
    4 items
  • Accounting
    3 items
  • Strategy
    2 items
  • International Management
    2 items
  • Environmental Management
    1 items
  • Entrepreneurship
    1 items
  • Production and Operations
    1 items
  • Economics
    1 items
Course Name: Advanced Marketing Strategy
Instructor: Ken Homa

Advanced Marketing Strategy is an elective course that explores, from both managerial and analytical perspectives, the development and assessment of marketing strategies in highly competitive environments. In general, this course complements industry, corporate, and SBU strategy courses, and builds on core marketing management concepts, principles, and analytical frameworks.

Specifically, an entire class session is devoted to the "Bottom of the Pyramid" and discusses a case involving poverty and housing. The major deliverable for this class is a final presentation addressing a complete marketing strategy for a hybrid car company.

Course Name: Business & Public Policy Residency
Instructor: William Novelli, Marc Lackritz, Damian Saccocio, David Campbell, Michael Mehling

A key differentiator for Georgetown’s McDonough School of Business is our location in Washington, D.C. – a city at the center of world politics and business. Given our location and faculty expertise, we are excited to launch the Business and Public Policy (BPP) Residency this coming March. This residency is designed as a robust academic experience that will expose students to the intersection of business and public policy, which we believe to be important for the following reasons:

• In a complex, connected world, business students need to understand the wider context in which organizations operate.

• Leaders of tomorrow must be able to perform policy analysis as well as integrate policy issues into their general management thinking.

• Leaders must have a more sophisticated understanding of public policy analysis in order to thrive in a global economy and be good corporate citizens.

The goal of the residency is for students to learn about how a business enterprise can engage in and influence the policy process to advance the aims of an industry or sector and company/organization. In doing so, they will learn about the interconnectedness of business and public policy, and that each is dependent on the other in a healthy, secure, and prosperous society.

Course Name: Business in the European Union
Instructor: Thomas Brewer, David Campbell

This course addresses issues in conducting business in the European Union, both for insiders and outsiders. The course uses case presentations, speakers, and written deliverables. Topics addressed include emissions trading and various regulatory issues in the EU.

Course Name: Climate Change and Energy Issues for Business
Instructor: Thomas Brewer, Michael Mehling

The purpose of the course is to prepare students to address more effectively the opportunities and challenges posed by a new array of business issues concerning climate change and energy. The course is appropriate for students with a wide range of professional backgrounds and interests. The course covers numerous managerial issues, diverse industries, and many regions of the world.

Course Name: Community Development Finance & Strategy
Instructor: Richard America

This course addresses how to conceive, plan, finance, and manage competitive businesses in large cities with high concentrations of poverty, worldwide; how to invest in and operate in politically and socially challenging circumstances; how to promote investment, entrepreneurial actions, and creative development in inner cities, communities undergoing structural dislocation, or stuck in long term stagnation, and any other areas, urban or rural, that are chronically underperforming, deteriorated, and under invested; how to create effective public policy to stimulate investment and job creation where there have been local shocks to the economy; how to plan a business in such places; and how to create or engage special targeted financing – community development venture capital, community banking, credit unions, loan funds, and angel investing sources.

Course Name: Consumer Behavior
Instructor: Gary Bamossy

Course content relies heavily on CSR issues, including Sustainable Consumption and exploring the intersection of "Green" and "Brands." Students are required to conduct data analyses around sustainable consumption and primary research using video ethnographic methods on the role, issues surrounding, and complexities of green brands.

This course takes an in-depth look at the social science processes and phenomena that underline the behaviors of consumers in traditional and e-commerce marketplaces. The purpose is to provide a background into the theories that attempt to explain behavior so that students explore the implications of those theories for improving marketing practice. While focusing on behaviors of final consumers, the concepts developed throughout the course provide insights into decision making more generally, leading to developing better communications, policies, and programs in any exchange setting.

Course Name: Corporate Financial Reporting
Instructor: Kristen Anderson, James Mallek

One of the primary objectives of accounting is to help those outside the firm predict its future cash flows. This is done by understanding and evaluating the key drivers of the firm, its financial position and performance. The present (or current) value of those cash flows provides an estimate for the value of the firm. Accounting systems and information is also required for business and legal reasons. It is therefore essential for managers to be aware of the signals they get from or give to the business community through these documents. It is also useful to be able to understand and interpret the signals given by other companies through their final statements.

In particular, one class session is devoted specifically to Fraud and Sarbanes Oxley. During this class, the students discuss and debrief a case on Worldcom.

Course Name: Corporate Social Responsibility
Instructor: William Novelli

This course is designed to provide an overview and examination of the rationale, role and practices of corporations in building on core business objectives and strategically applying core competencies to do well (improve financial and other business performance and build wealth for shareholders) and at the same time to do good (improve society and create social value for multiple stakeholders). Specific industries and companies will be examined as a means of testing Corporate Social Responsibility (CSR) concepts and principles.

The purpose of this course is to increase students’ understanding of the principles and concepts of sustainable value through social responsibility, analyze opportunities and challenges in industries’ and companies’ endeavors to create sustainable, competitive advantages and learn how to create successful CSR programs.

The course will enhance students’ abilities to succeed as business professionals and make major contributions to addressing and solving social problems. For students headed for government and nonprofit careers, this course will provide a perspective on how to influence, partner with and benefit from companies’ CSR plans and activities.

Course Name: Currencies, Crises & The International Economy
Instructor: Phillip Swagel

This is a course on the international macroeconomic environment, including the economics of exchange rates and associated financial and macro forces and their impact on firms. Understanding these forces and the implications for policies is vital for business leaders to operate effectively in the global marketplace. We will cover the main theories of exchange rate determination and how well they match the data; the choice of exchange rate regime, international financial crises such as in Argentina and other developing countries; policy issues facing China and other emerging economies; and issues related to capital flows, the U.S. current account deficit, the financial crisis and its international roots, and potential reforms to the international financial system.

Course Name: Defending the Bottom Line
Instructor: Lamar Reinsch

This course explores management issues during a time of crisis as, for example, when a company is under attack because of (real or alleged) product failure or damage to the environment. The course aims to increase awareness of communication’s role in crises, to introduce the art and science of leadership, to help participants think creatively about adversarial communicative situations, to provide experience in – and an opportunity to refine skills for dealing with – adversarial communicative situations, and to help participants think about ways to improve management systems and to take other steps designed to prevent crises. Students also examine the intercultural and ethical communications of all communication throughout the course.

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Type of Offering

  • Extracurriculars
    36 items
  • Career Services
    2 items
  • Degree Types
    2 items
  • Institutes and Centers
    4 items
  • Student Clubs
    11 items
“Living for 32”
Type: Film Screening
Date: March, 2011

“Living for 32” is the story of Colin Goddard, one of the survivors of the Virginia Tech shootings in April 2007. He was present in Norris Hall at the time of the shootings and was the only person able to call 911 from within the building. After recovering and finishing his degree, he became a volunteer for the Brady Campaign to Prevent Gun Violence.

Business of Farming
Date: February, 2011

Former U.S. Department of Agriculture Secretary Dan Glickman, Growth Energy CEO Tom Buis, and farmers Ralph Kaehler, Tony Rossman, and Trent Linkenmeyer participated in a renewable energy and modern agriculture panel discussion.

Distinguished Leaders Series - “Accelerating Growth in the Age of Transparency”
Date: February, 2011

Sandy Douglas, president of Coca-Cola North America, spoke about "Accelerating Growth in the Age of Transparency" at the Distinguished Leaders Series. The Coca-Cola Company, owner of the world’s most valuable brand, has a 125-year history of success with its well-known products, a broad and efficient distribution system to its many customers, and a positive image among consumers and communities. Today, these are not enough to guarantee continued growth and success in the face of instant global communications and increasingly demanding, diverse, and rapidly changing operating and social environments. Sandy Douglas will discuss how the company builds upon its core strengths while embracing change in the areas of brands, customers, and social license, to operate and to win in the North American market.

Distinguished Leaders Breakfast Series – Maria S. Gomez
Date: April, 2010

Maria Gomez is the President and CEO of Mary’s Center for Maternal and Child Care. The organization seeks to build better futures through health care, education, and social services that embrace their culturally diverse community in DC’s Ward 1. She spoke to students about her personal experiences in leadership and her career in general.

Green to Gold: Creating the Clean Energy Economy
Date: April, 2010

Green to Gold: Creating the Clean Energy Economy” is a conference hosted by Georgetown MBA students that examined the development of a clean energy economy through the eyes of leaders from venture capital, private equity, government, non-profits, and business. The keynote speaker was clean energy proponent James Woolsey, former director of the CIA and directing partner at Vantage Point Venture Partners. The event also featured two panels: “Clean Energy Finance and Investment” and “Clean Energy Policy Environment.” The event concluded with a presentation by Michael Moynihan, director of green programs at the think tank NDN, about “Electricity 2.0.”

Juan Jose Daboub, Managing Director of the World Bank
Date: January, 2010

Juan José Daboub, managing director of the World Bank, spoke about the global financial crisis and its impact on Latin America, as well as the reform experience from his country El Salvador. He joined the World Bank in June 2006. He is the managing director responsible for the bank’s operations in 74 countries spanning Latin America and the Caribbean, East Asia and the Pacific, and the Middle East and North Africa. In addition, Daboub oversees other administrative vice presidencies and functions, including the Information Systems Group and the Department of Institutional Integrity.

Prior to joining the Bank Group, Daboub served concurrently as El Salvador’s Minister of Finance and Chief of Staff to the President. In this capacity, he helped to navigate his native country through several regional economic challenges – securing and sustaining El Salvador’s investment grade rating, dollarizing the economy, and completing a Free Trade Agreement with the United States. During this period, he also oversaw the reconstruction of El Salvador after two earthquakes in 2001.

Daboub led family-owned businesses for nearly a decade before joining the Board of CEL, El Salvador’s electric utility, and he presided over El Salvador’s electric distribution companies. Subsequently, he was named president of ANTEL, the state-owned telecommunications company, which he restructured and privatized through a competitive process. He served in three different governments over 12 years and then returned to the private sector. In 2004, he joined former El Salvadorian President Francisco Flores in forming the America Libre Institute, where he worked on several projects implementing proven public policies that had been successfully deployed throughout Latin America.

Distinguished Leaders Series - Digital Media Panel Discussion
Date: October, 2010

Arianna Huffington, co-founder and editor-in-chief of the Huffington Post; Eric Hippeau, CEO of the Huffington Post; and Kara Swisher, co-executive editor of The Wall Street Journal’s D: All Things Digital will speak about digital news at the Distinguished Leaders Series at Georgetown University’s McDonough School of Business. Part of the discussion included media ethics.

Creating Climate Wealth
Date: April, 2010

Richard Branson, founder and chairman of the Virgin Group and co-founder of the Carbon War Room, a non-profit organization that harnesses the power of entrepreneurs to implement market-driven solutions to climate change, spoke with students while on campus for the Creating Climate Wealth conference. Presented by the Carbon War Room and Earth Day Network, Creating Climate Wealth convened respected entrepreneurs for two days jointly with a selected group of Intrapreneurs from the government, non-profit, and corporate communities to provide their insights and expertise on the policies, market frameworks, and programs that will clear the barriers to deliver these emission reductions and promote job creation.

MBA Leaders Breakfast Series – Joy Drass
Date: November, 2009

M. Joy Drass, M.D., serves as the senior executive responsible for the overall strategic and operational direction for Georgetown University Hospital, including the hospital’s clinical enterprise and faculty practice. Dr. Drass came to Georgetown with a significant amount of operational and management experience having served as vice president for professional services and associate medical director at Washington Hospital Center for seven years.

Distinguished Leaders Series – Cheryl Healton
Date: December, 2009

Cheryl Healton, president and CEO of the American Legacy Foundation, spoke about the portrayal of tobacco in the movies at Georgetown University’s McDonough School of Business as part of the Distinguished Leaders Series. Cheryl Healton jointed the American Legacy Foundation 10 years ago as its first president and CEO. She leads the organization in its mission to build a world where young people reject tobacco and anyone can quit. During her tenure, she has guided the national youth tobacco prevention counter-marketing campaign, truth®, which has been credited in part with reducing youth smoking prevalence to near-record lows.

MBA Leaders Breakfast Series – Debra Lee
Date: November, 2010

Debra Lee is the chairman and chief executive officer of BET Networks, a unit of Viacom Inc. and the pre-eminent entertainment brand serving African Americans and consumers of Black culture globally.

As the head of one of the world’s most influential media and entertainment companies, Lee oversees diversified operations and an array of assets, including several cable television channels, digital offerings, mobile, and a music festival/events business. She is leading the company in current growth initiatives, including continued expansion into filmed entertainment, a home entertainment business, and international distribution of the brand.

Entrepreneurship Summit
Date: January, 2010

The Georgetown Entrepreneurship Summit event featured keynote lectures by Larry Robertson, founder and principal of Lighthouse Consulting, on “The Meaning of Entrepreneurship”; Samer Hamadeh, founder of Vault.com, on the topic of “The Good, the Bad, and the Ugly about Entrepreneurship”; and David McCourt, chairman and CEO of Granahan McCourt Capital on “Entrepreneurship: What I Wish Someone Had Told Me.” Panel discussions throughout the day covered such topics as Tech Entrepreneurs; Opportunities in Clean Technologies; The Total Package: Skin, Hair to Sole Consumer Goods, Beauty and Fashion; Minority Entrepreneurs; Social Entrepreneurship; and Investors View: How to Get Funding.

Women on Wall Street
Date: January, 2010

“Women on Wall Street” was a panel discussion among women about working in the financial industry. Panelists included Ann Gillin Lefever, managing director, equity division, Barclays Capital; Bridget Wren, director, fixed income, interest rate sales products, Credit Suisse; Kathryn Cornish, director, global consumer group, Deutsche Bank Securities, Inc.; Judith Donahue, vice president, securities division, short term interest rates sales desk, Goldman Sachs; Lauren Zusy, analyst, strategic client group, J.P. Morgan Asset Management; Lee Corey, senior vice president, financial advisor, Morgan Stanley Smith Barney; and Rakhee Bhagat, associate director, equity capital markets group, UBS. Sponsored by Georgetown University Women’s Leadership Initiative and the Georgetown Chapter of the Financial Management Association.

Distinguished Leaders Breakfast Series – Geeta Rao Gupa
Date: October, 2009

Geeta Rao Gupa, president of the International Center for Research on Women, discussed the disparities that exist in gender equality around the world.

A Discussion with T. Boone Pickens
Date: October, 2010

T. Boone Pickens discussed his vision for the future of sustainable energy with students from Georgetown’s McDonough School of Business. Pickens is the founder and chairman of BP Capital Management, one of the nation’s most successful energy-oriented investment funds.

MBA Leaders Breakfast Series – Michael Mael
Date: September, 2010

Michael Mael joined the Washington National Opera in April 2008 as director of finance and administration, where he is responsible for all financial and day-to-day operations of the company. Prior to his appointment, Mael worked for nearly five years for the Baltimore Symphony Orchestra (BSO) as vice president of the BSO at Strathmore, where he was responsible for launching and managing all activities related to the BSO’s second home at the new Music Center at Strathmore in North Bethesda, Md.

MBA Leaders Breakfast Series – William Smith
Date: March, 2010

William Smith is an executive vice president and senior scientist with AED. As a member of the Institute of Medicine's health literacy expert panel, he co-authored Health Literacy: A Prescription to End Confusion. He continues to represent AED on the IOM's Health Literacy Roundtable. He also served on the American Dental Association's advisory committee on National Oral Health Literacy. A co-founder of the Social Marketing Institute, Dr. Smith is a columnist and editorial board member of the Social Marketing Quarterly, the International Journal of Health Communication, and the Applied Environmental Education and Communication: An International Journal. He has published widely on communication for social change.

Distinguished Leaders Breakfast Series – Laura Liswood
Date: April, 2010

Laura Liswood is senior advisor and former managing director for global leadership and diversity at Goldman Sachs and secretary general of the Council of Women World Leaders at the Aspen Institute. She spoke with MBA students about her work with both organizations and her career in general.

Creating a Double Bottom Line with Ted Leonsis
Date: March, 2010

The panel discussion shared the insights of local business leaders about creating the double bottom line through businesses that are both financially profitable and socially responsible. The panel includee Ted Leonsis, former AOL vice chairman and author of The Business of Happiness; Tom Adams, founder and CEO of Rosetta Stone; Donald Graham, chairman of the Washington Post Company; Sheila Johnson, co-founder of BET; and Joseph Robert, chairman and CEO of J.E. Robert Companies, Inc.

Breaking Ceilings and Building Bridges
Date: December, 2009

Conference offering successful strategies women can use to break through various obstacles they confront and build bridges around workplace problems. Participants will hear from successful area executives in a number of industries and learn strategies and techniques from a professional coach and trainer. Sponsors included the Georgetown Women’s Leadership Initiative and Georgetown Women in Business.

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A word to the wise: How managers and policy-makers can encourage employees to report wrongdoing
Author(s): Marcia Miceli

When successful and ethical managers are alerted to possible organizational wrongdoing, they take corrective action before the problems become crises. However, recent research [e.g., Rynes et al. (2007, Academy of Management Journal 50(5), 987–1008)] indicates that many organizations fail to implement evidence-based practices (i.e., practices that are consistent with research findings), in many aspects of human resource management. In this paper, we draw from years of research on whistle-blowing by social scientists and legal scholars and offer concrete suggestions to managers who are interested in encouraging internal reporting of problems requiring attention, and to observers of questionable activity who are considering reporting it. We also identify ways that research suggests policy-makers can have a more positive influence. We hope that these suggestions will help foster evidence-based practice regarding whistle-blowing.

Journal Title: Journal of Business Ethics Volume: 86 Edition: 3 Page Numbers: 379-396
Corporate Control of Information: Business and the Freedom of Expression
Author(s): George G. Brenkert

Control over information is essential to business. This has become increasingly true in an era in which technological advances have enabled the rapid globalization of business. This article explores the implications of this control of information for freedom of speech and information. Four different situations are considered: censorship of the Internet by search engines albeit at the direction of a government; restrictions on Internet content by Internet Services Providers acting on their own; decisions by retail businesses not to sell various DVDs, CDs, etc. to their customers; and legal suits brought against individuals and groups by businesses seeking to prevent the further spread of information they deem injurious to their products or activities. The paper seeks to sort out the various rights and values involved in these cases, when a business may be justifiably said to be violating individuals' rights to freedom of information, and when customers and citizens do not have justified complaints against business decisions not to provide them with certain information products.

Journal Title: Business and Society Review Volume: 115 Edition: 1 Page Numbers: 121-145
Deliverative Business Ethics
Author(s): Ryan Burg

Social norms are an important input for ethical decisions in any business context. However, the cross-cultural discovery of extant social norms presents a special challenge to international management because norms may be inscrutable to outsiders. This article considers the contribution of Integrative Social Contracts Theory (ISCT) to the analysis of social norms in business ethics. It questions the origins and dynamics of norms from a sociological perspective, and identifies a tension between prescriptive efforts to make norms obligatory and positivist accounts that describe norms as evolving and unstable. In the presence of dynamic and incomplete norms, managers can either deliberate with stakeholders to make norms flexible or codify norms to make them rigid. This essay argues that deliberation is the only reliable method for anticipating emergent norms.

Journal Title: Journal of Business Ethics Volume: 88 Edition: 4 Page Numbers: 665-683
Does Green
Author(s): Gary Bamossy

Association for Consumer Research, Pittsburgh, October 2009. This peer reviewed video ethnography explores the discrepancies consumers have with respect to their green attitudes and green behaviors, and also looks at the importance of “green” in representation of self. (17 minutes). Film available at: http://explore.georgetown.edu/publications/index.cfm?Action=View&Documen...

Journal Title: Advances in Consumer Research Volume: 36 Edition: Page Numbers:
Evidence on Differences Between Recognition and Disclosure: A Comparison of Inputs to Estimate Fair Values of Employee Stock Options
Author(s): Preeti Choudhary

I investigate reliability differences across recognition and disclosure regimes to shed light on differing incentives and reporting of employee stock option (ESO) fair values. I compare ESO fair values based on firm-reported inputs with ESO fair values based on benchmark inputs, estimated following authoritative guidance. On average, I find opportunism increases with recognition as compared with disclosure, and that it is associated with incentives to manage earnings. Despite the increase in opportunism, I find that accuracy does not decline for recognizers, and that accuracy differs across voluntary and mandatory recognition.

Journal Title: Journal of Accounting and Economics Volume: Edition: Page Numbers:
Google, Human Rights, and Moral Compromise
Author(s): George G. Brenkert

International business faces a host of difficult moral conflicts. It is tempting to think that these conflicts can be morally resolved if we gained full knowledge of the situations, were rational enough, and were sufficiently objective. This paper explores the view that there are situations in which people in business must confront the possibility that they must compromise some of their important principles or values in order to protect other ones. One particularly interesting case that captures this kind of situation is that of Google and its operations in China. In this paper, I examine the situation Google faces as part of the larger issue of moral compromise and integrity in business. Though I look at Google, this paper is just as much about the underlying or background views Google faces that are at work in business ethics. In the process, I argue the following: First, the framework Google has used to respond to criticisms of its actions does not successfully or obviously address the important ethical issues it faces. Second, an alternative ethical account can be presented that better addresses these ethical and human rights questions. However, this different framework brings the issue of moral compromise to the fore. This is an approach filled with dangers, particularly since it is widely held that one ought never to compromise one’s moral principles. Nevertheless, I wish to propose that there may be a place for moral compromise in business under certain conditions, which I attempt to specify.

Journal Title: Journal of Business Ethics Volume: 85 Edition: 4 Page Numbers: 453-478
Green Dilemma: Libertarian Values Trump Communal Values
Author(s): Gary Bamossy

We report the results of a large scale survey (N=4,082) of adult American consumers which segments the market on the basis of consumers’ attitudes toward the environment and how these different consumer segments engage (or, more often, don’t engage) in pro-environmental consumer behaviors. The paper’s primary contribution is in identifying different segments of consumers based on their attitudes and beliefs regarding the environment, and linking these segments to green behaviors. The presentation concludes with a discussion of diverse theoretical approaches which recognizes that for each of these segments there is a need for new understandings into how to further cultivate and increase green behaviors.

Journal Title: Advances in Consumer Research Volume: 37 Edition: Page Numbers: in press
How Much Do Banks Use Credit Derivatives to Hedge Loans?
Author(s): Rohan Williamson

Before the credit crisis that started in mid-2007, it was generally believed by top regulators that credit derivatives make banks sounder. In this paper, we investigate the validity of this view. We examine the use of credit derivatives by US bank holding companies with assets in excess of one billion dollars from 1999 to 2005. Using the Federal Reserve Bank of Chicago Bank Holding Company Database, we find that in 2005 the gross notional amount of credit derivatives held by banks exceeds the amount of loans on their books. Only 23 large banks out of 395 use credit derivatives and most of their derivatives positions are held for dealer activities rather than for hedging of loans. The net notional amount of credit derivatives used for hedging of loans in 2005 represents less than 2% of the total notional amount of credit derivatives held by banks and less than 2% of their loans. We conclude that the use of credit derivatives by banks to hedge loans is limited because of adverse selection and moral hazard problems and because of the inability of banks to use hedge accounting when hedging with credit derivatives. Our evidence raises important questions about the extent to which the use of credit derivatives makes banks sounder.

Journal Title: Journal of Financial Services Research Volume: 35 Edition: 1 Page Numbers: 1-31
How Toxic Colleages Corrode Performance
Author(s): Christine Porath

We’ve been studying incivility for a decade, and we’ve found that common (and generally tolerated) antisocial behavior at work is far more toxic than managers imagine. Berating bosses; employees who take credit for others’ work, assign blame, or spread rumors; and coworkers who exclude teammates from networks—all of these can cut a swath of destruction that’s often visible only to the immediate victims. Targets of bad behavior become angry, frustrated, and even vengeful. Job satisfaction falls, and performance plummets. Some employees leave. But those who stay may take a bigger toll on the organization.

Journal Title: Harvard Business Review Volume: 24 Edition: Page Numbers:
Innovation, Rule Breaking, and the Ethics of Entreprenuership
Author(s): George G. Brenkert

This article examines a feature of the ethics of entrepreneurship that is infrequently directly discussed, viz., rule breaking. Entrepreneurs are widely said to engage in rule breaking. Many examples of this appear in popular and academic literature. But how may this be integrated into an account of the ethics of entrepreneurship? One response would be that when entrepreneurs break legal and moral rules then what they do is wrong and ought to be condemned. There is a great deal to be said for this rule model of entrepreneurial ethics. However, this view is also mistaken. Instead, this article defends a virtue-based account of the ethics of entrepreneurship in which certain instances of rule breaking, even if morally wrong, are nevertheless ethically acceptable and part of the creative destruction that entrepreneurs bring not only to the economy but also to morality.

Journal Title: Journal of Business Venturing Volume: 24 Edition: 5 Page Numbers: 448-464
Is Green
Author(s): Gary Bamossy

Association for Consumer Research, Jacksonville Florida, October 2010. This peer reviewed video ethnography examines consumers’ reactions to the marketing practices of “Green Washing” –representing products as being environmentally friendly in ways that result in consumers feeling confused, skeptical, and cynical about those claims, and more generally, about the green movement towards sustainable consumption practices. 2010, (18 minutes). Film available at
http://explore.georgetown.edu/publications/index.cfm?Action=View&Documen...

Journal Title: Advances in Consumer Research Volume: 37 Edition: Page Numbers:
Principles of Managerial Moral Responsibility
Author(s): Ed Soule

The purpose of this paper is to formulate and defend a set of moral principles applicable to management. Our motiviation is twofold: 1) to increase the coherence and utility of Integrative Social Contracts Theory (ISCT); and 2) to initiate an alternative stream of busines ethics research. To those ends, we specify what counts as adequate guidance in navigating the ethical terrain of business. In doing so, a key element of ISCT, Substantive Hypernorms, is found to be flawed beyond repair. So we propose and defend a remedy: prime facie moral principles. After delineating the appropriate criteria and format for such principles, we formulate, explain, and defend five of them. We conclude with a brief comment on future research possibilities.

Journal Title: Business Ethics Quarterly Volume: 19 Edition: 4 Page Numbers: 529-552
The Business Ethics of Short Selling and Naked Short Selling
Author(s): James J. Angel; Douglas McCabe

The controversy over short selling has continued unabated from the introduction of modern equity trading in Amsterdam in 1610 to the present day. Nevertheless, the business ethics literature has not really addressed short selling. Short sellers not only profit from the misery of others, they also create it through their selling activities. However, they also provide a socially useful service by making prices better reflect true values, protecting other investors from purchasing overpriced securities. Short sellers can also help to provide liquidity in the markets. Recently, there has been a hue and cry against so called “naked” short selling, which involves not delivering the shares that have been sold. This gives manipulators a tool for depressing stock prices and deprives purchasers of voting rights and potential stock lending revenue. Naked short selling creates ethical issues for short sellers, buyers, brokers, market makers, and regulators. Is it ethical to exploit a legal loophole that permits sellers to sell stock and delay delivering shares indefinitely?

Journal Title: Journal of Business Ethics Volume: 85 Edition: 1 Page Numbers: 239-249
The Cost of Bad Behavior
Author(s): Christine Porath

Article Outline: What's incivility; What are the costs?; Another Angle on Losses; Losses Multiplied; Losses Associated with Managing Incivility; The effects on teams; What's a leader to do?; Set zero-tolerance expectations; Look in the mirror; Weed out trouble before it enters your organization; Teach civility; Train employees and managers how to recognize and respond to signals; Take complaints seriously; Don’t make excuses for powerful instigators; Invest in post-departure interviews; Conclusion

Journal Title: Organizational Dynamics Volume: 39 Edition: 1 Page Numbers: 64-71
The Ethics of Speculation
Author(s): James J. Angel; Douglas McCabe

Recently there has been an outpouring of consumer frustration over rising food and energy prices. Many politicians railed against “speculators” who allegedly drove up the prices of key necessities. Is speculation unethical? This article reviews the traditional arguments against speculation. Many of the standard criticisms confuse speculation with gambling. In much the same way as ethicists now draw distinctions between usury and normal business interest, we draw a distinction between socially useful speculation and gambling. Gambling involves taking on risk with no plausible expectation of making a profit. Gambling may provide entertainment value to some people, but like other addictive activities causes grave harm to a subset of users. Speculation involves taking on a business risk with a plausible expectation that a profit will result. Speculators provide an important risk bearing service by taking on risks that others do not want. They help markets to function better by helping to incorporate information into prices as well as providing liquidity. Speculators may actually reduce shortages by causing quicker price increases that motivate producers to increase production and consumers to conserve. But even socially useful speculation may have an ethical dark side. Does such speculation cause damage by adding excess volatility to prices? Speculators may contribute to price bubbles. At what point does legitimate speculation become odious “price gouging?” We also draw an ethical distinction between speculation, which seeks to benefit from changing prices, and manipulation, actions taken to push prices away from their economically appropriate levels.

Journal Title: Journal of Business Ethics Volume: 90 Edition: 3 Page Numbers: 277-286
Trends and Indications in International Business
Author(s): Michael R. Czinkota; Ilkka A. Ronkainen

Forecasting changes in business environments is critical for appropriate responses by policy makers and corporate decision makers. This article reports on a Delphi study which features three rounds of interchanges between experts on possible changes in the international business environment and practice in the next years. Results indicate that terrorism and corruption issues have risen in importance while trade negotiations have declined. Corporate strategies are seen to need significant reform to deliver on the promise of globalization. As trends are becoming more multidimensional, regular solicitation of stakeholder perspectives becomes more important.

Journal Title: Management International Review Volume: 49 Edition: 2 Page Numbers: 249-265
Wearing the Cloak: Antecedents and Consequences of Creating Facades of Conformity
Author(s): Patricia F. Hewlin

This study examines a select set of relationships proposed in P. F. Hewlin's (2003) conceptual model of antecedents and consequences of creating facades of conformity. Results from a survey study of 238 employees working in multiple industries indicate that perceived nonparticipative work environments, minority status, self-monitoring, and collectivism are related to creating facades of conformity. Emotional exhaustion serves as a mediator between creating facades of conformity and members' intention to leave the organization. Collectivism moderates the relationship between emotional exhaustion and intention to leave.

Journal Title: Journal of Applied Psychology Volume: 94 Edition: 3 Page Numbers: 727-741
Witnessing Incivility Among Employees: Effects on Consumer Anger and Negative Inferences About Companies
Author(s): Christine Porath

We introduce the incivility construct and demonstrate that witnessing an incident of employee‐employee incivility causes consumers to make negative generalizations about (a) others who work for the firm, (b) the firm as a whole, and (c) future encounters with the firm, inferences that go well beyond the incivility incident. We demonstrate the process by which these effects occur, showing that anger at the uncivil employee induces these effects. We find that anger leads to rumination about the uncivil encounter and causes customers to make quicker and more negative generalizations about related entities. We also identify boundary conditions for the relationship between incivility and negative generalizations. These process and boundary condition results add theoretically to the literature on incivility as well as that on anger’s effect on information processing.

Journal Title: Journal of Consumer Research Volume: 37 Edition: 2 Page Numbers: 292-303
Women at the Bargaining Table: Pitfalls and Prospects
Author(s): Catherine Tinsley

Research evidence across a number of disciplines and fields has shown that women can encounter both social and financial backlash when they behave assertively, for example, by asking for resources at the bargaining table. But this backlash appears to be most evident when a gender stereotype that prescribes communal, nurturing behavior by women is activated. In situations in which this female stereotype is suppressed, backlash against assertive female behavior is attenuated. We review several contexts in which stereotypic expectations of females are more dormant or where assertive behavior by females can be seen as normative. We conclude with prescriptions from this research that suggest how women might attenuate backlash at the bargaining table and with ideas about how to teach these issues of gender and backlash to student populations in order to make students, both male and female, more aware of their own inclination to backlash and how to rectify such inequities from both sides of the bargaining table.

Journal Title: Negotiation Journal Volume: 25 Edition: 2 Page Numbers: 233-248
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