Prof. Dr. Andreas Suchanek
Participants: students term 1/exchange students
Objectives: Why is ethical behaviour for companies not just a nice add-on but an
essential aspect of business? In this lecture it is argued that Ethics is an
important topic for companies since they can´t afford to ignore the
requirements from society in their own interest. This doesn´t mean that
companies have to fulfil all those requirements - an analysis of the specific
situation is necessary. The core question is how responsibility can be
realized under the pressure of competition.
The lecture starts with basics of Economic Ethics. Then, the approach will
be adopted to business and to companies. Case studies, examples and a
speech from a practitioner are used to illustrate the implications for
- Friedman, M. (1970): The Social Responsibility of Business is to Increase
its Profits, New York Times Magazine (PDF-File)
- Porter, M., M. Kramer (2002): The Competitive Advantage of Corporate
Philantrophy, Harvard Business Review (PDF-File)
- Suchanek, A., (2005): "Is Profit Maximization the Social Responsibility of
Business?", Milton Friedman and Business Ethics (PDF-File)
- Frederick, R.E. (ec., 2003): A Companion to Business Ethics, Malden u. a.
- Hoffman, W. M., R.E. Frederick (eds., 1995); Business Ethics. Readings
and Cases in Corporate Morality, New York u. a.
- Matten, D., Crane, A. (2003): Corporate Citizenship: Towards an extended
theoretical conceptualisation, Research Paper Series of ICCSR 04-2003.
Examination: Final discussion (50 %), group presentation (50 %)