The Morality of “new” CEO Activism

Journal of Business Ethics - CEOs’ social and environmental activism attracts significant public and research interest. Positioned as an expression of personal morality, such activism is...     

‘If I Should Fall From Grace…’: Stories of Change and Organizational Ethics

Although studies in organizational storytelling have dealt extensively with the relationship between narrative, power and organizational change, little attention has been paid to the implications of this for ethics within organizations. This article addresses this by presenting an analysis of narrative and ethics as it relates to the practice of organizational downsizing. Drawing on Paul Ricoeur’s theories of narrative and ethics, we analyze stories of organizational change reported by employees and managers in an organization that had undergone persistent downsizing. Our analysis maintains that the presence of a dominant story that seeks to legitimate organizational change also serves to normalize it, and that this, in turn, diminishes the capacity for organizations to scrutinize the ethics of their actions. We argue that when organizational change narratives become singularized through dominant forms of emplotment, ethical deliberation and responsibility in organizations are diminished. More generally, we contend that the narrative closure achieved by the presence of a dominant narrative amongst employees undergoing organizational change is antithetical to the openness required for ethical questioning.     

Malthus on causality

Allegations of inconsistency and self-contradiction have regularly been levied against Malthus, but some of the allegations might be the result of inadequate appreciation of his use of a distinctive methodology involving a complex structure of causal relations. After an introductory summary of his general statements on causality, this paper analyses 26 selected topics that show how he deployed this methodology.     

Open Innovation in Practice: Goal Complementarity and Closed NPD Networks to Explain Differences in Innovation Performance for SMEs in the Medical Devices Sector

Cooperation with other organizations increases the innovation performance of organization, especially for small and medium‐sized enterprises (SMEs) as they encounter liabilities of “smallness” (e.g., limited financial resources, and manpower). In the medical devices sector, collaboration with external partners for NPD becomes increasingly important due to the complexity of the products and the development process. About 80% of companies in this sector are SMEs. These companies operate in a highly regulated sector, which affects the organization of the external network required for the new product development (NPD) process. SMEs are practicing extensively open innovation activities, but in practice face a number of barriers in trying to apply open innovation. This paper examines multiple network characteristics simultaneously in relation to innovation performance and thereby aligns with and builds further on configuration theory. Configuration theory posits that for each set of network characteristics, there exists an ideal set of organizational characteristics that yields superior performance. In this research, the systems approach to fit is used. Fit is high to the extent that an organization is similar to an ideal profile along multiple dimensions. This ideal profile represents the network profile that the 15% highest performing companies use. It is argued that the smaller the distance between the ideal profile and the network profile that is used, the higher the performance. The objective of this research is (1) to examine the relation between the ideal profile and innovation performance and (2) to examine which organization of the network profile is related to high innovation performance. Quantitative survey data (n = 60, response rate 61.9%) form the core of this research. The quantitative results are clarified and have been triangulated with qualitative interview data (n = 50). Our findings suggest the presence of an “ideal” NPD network profile (in terms of goal complementarity, resource complementarity, fairness trust, reliability trust, and network position strength): the more a company's NPD network profile differs from this ideal profile, the lower the innovation performance. In addition, the results of our study indicate that the NPD network profiles of successful and less successful SMEs in the medical devices sector significantly differ in terms of “goal complementarity,” while this is less the case for trust and resource complementarity labeled distinctive by previous research. Finally, results show that a relatively closed, focused, and consistent “business‐like” NPD networking approach, which is characterized by result orientation and professionalism, is related to high innovation performance. It is recommended that SMEs in the medical devices sector aiming to distinguish themselves from competitors in terms of innovation performance focus on goal complementarity while adopting such a business‐like attitude toward their NPD network partners.     

Henry George's Land Reform: The Distinction between Private Ownership and Private Possession

Henry George stated that the taxation of land rent would amount to the abolition of the institution of private ownership of land, thereby alienating all those who, whether for economic or ideological reasons, regard the private ownership of land as essential for social order and progress. George believed that under his proposed reform the private ownership of land would be replaced by private possession. But his distinction between ownership and possession appears to have been based on a misconception of the nature of private ownership. His proposed reform could have been more logically described as a conditional, modified, or restricted private ownership of land, rather than as the abolition of private ownership of land.     

Challenges of responding to sustainability with implications for affordable housing

Sustainability is one of the most contested ideologies of our time because everyone acknowledges that it must occur but no one can agree on what needs to change in response. This is unsurprising, because objecting to the goal of sustainability is like objecting to other inherently good goals like peace or freedom. Responses to sustainability exist on a long continuum, with some interpreting sustainability to mean conservation-at-all-costs and reduced economic growth, while others suggest that the market will ensure sustainable outcomes eventually result. Further, sustainability can be easily manipulated to justify predetermined outcomes. There are, indeed, a multitude of conceptual and pragmatic challenges to operating on sustainability, particularly when the scale shifts from a global goal to local action. Using the application of sustainability to affordable housing in Australia as a case study, this article argues that rather than limiting sustainable outcomes, the existence of the sustainability debate which focuses on the many challenges is a positive indicator that sustainability may be attainable.     

A Comparative Analysis of the Investment Characteristics of Alternative Gold Assets

Employing daily data over the period 1987–2010, we examine the diversifying, hedging and safe haven properties of gold bullion, gold stocks, gold mutual funds, and gold exchange traded funds (ETFs). First, with regard to gold bullion, we document a clear and strong hedging role over a mere diversifying capability. Second, our results highlight that gold stocks, gold mutual funds, and gold ETFs tend to be diversifiers. Third, both gold bullion and gold ETFs show support for the safe haven property. However, gold stocks and gold mutual funds display very little evidence of the safe haven characteristic. Consequently, investors who are keen on securing the safe haven features of gold investment cannot generally rely on gold stocks or mutual funds. Instead, they need to take positions directly in bullion or gold ETFs.     

An Essay on Distributive Justice and the Equal Ownership of Natural Resources

The article argues that, in seeking to establish criteria for distributive justice, consideration should be given to the manner in which Earth's natural resources are owned. The views of seven notable authorities on this issue are presented, ranging from an unrestricted right of private ownership to some form of public or collective ownership. The possibility of a system of ownership that is private but equal is discussed.     

Henry George in Australia

A bstract .   Some biographies of Henry George give brief accounts of his lecture tour of Australia in 1890, based mainly on his diary and on reports he sent back from Australia for publication in his New York newspaper, The Standard . This study supplements previous accounts with further details of the 48 lectures and 9 Sunday sermons he gave in 38 towns and cities during his 98-day stay in Australia, based on contemporary Australian newspaper reports. With an obvious proviso about the accuracy of the reporting, the Australian lectures are a valuable source of additional information on George's life and policies.