Business Ethics and Corporate Social Responsibility

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  Say No to Facilitating Payments

Argandoña, Antonio It's common to turn a blind eye to special payments that facilitate administrative tasks or procedures. But Antonio Argandoña warns that their negative impact extends far beyond that of an isolated irregularity. Read article

  Can Local CSR Enhance Global Leadership?

Elvira, Marta; Dávila, Anabella; Rodríguez-Lluesma, Carlos Even global companies need to meet the needs of the different local markets they operate in, and global leaders should be familiar with local dynamics. One way to achieve that is to address the idiosyncrasies through local-level CSR. Read article

  Beyond Cosmetic CSR: Can Social Responsibility Be Bought?

Wickert, C.; Vaccaro, Antonino; Cornelissen, Joep Large multinationals are buying up smaller enterprises known for their strong corporate social responsibility (CSR) practices in order to bring in beneficial CSR knowledge and processes. The question is: does it work? IESE's Antonino Vaccaro investigates. Read article

  Perverse Incentives: The Limits of Metric-Based Evaluation

Cugueró-Escofet, Natàlia; Rosanas, Josep Maria As a manager, how should you evaluate performance? The recent trend is toward ever-more-sophisticated formal models. However, in the wake of several scandals, IESE's Natàlia Cugueró-Escofet and Josep M. Rosanas point to the dangers of modelling and rigid metrics. Instead, they argue, companies desperately need to rediscover informal methods of control. Read article

  Four Tenets to Fix Capitalism & Unlock Your Business's Potential Premium

Sisodia, Raj Free-market capitalism is under fire -- yet it is still the best system for social cooperation and human progress. In this article, the author casts his vision of Conscious Capitalism, refuting those who say Wall Street will never buy it. Using real cases, he argues that building ethical, sustainable businesses is possible. Read article

  4 Reasons Humble Managers Rule

Argandoña, Antonio Does humility have a place in the upper echelons of business management? Absolutely, says IESE's Antonio Argandoña. In his research paper "Humility in Management," Argandoña explores this often crucially overlooked quality and its ramifications for leadership. Read article

  Preventing Another Global Financial Crisis

Argandoña, Antonio The greed and reckless actions of certain financial institutions were instrumental in provoking the 2007-08 global financial crisis. However, as IESE's Antonio Argandoña argues in a 2016 book, many public and private institutions, as well as society as a whole, must also shoulder some of the blame to prevent a recurrence. Argandoña offers a look at the ethical dimensions of the crisis. Read article

  Setting the Wheels in Motion for Sustainable Transportation

Berrone, Pascual; Ricart, Joan Enric; Duch T-Figueras, Ana Isabel Transportation is crucial for cities on the move, but rapid urban growth is multiplying challenges and driving up emissions along the way. How can urban environments rise to the occasion, sustainably? The book Cities and Mobility & Transportation aims to help with smart transit strategies from around the globe, as part of the "IESE Cities in Motion: International Urban Best Practices" series. Read article

  How Keeping a Foot in Two Worlds Can Lead to Success in Both

Cavotta, Valeria; Ramus, Tommaso; Vaccaro, Antonino It might seem foolhardy to take on organized crime, even more so while also treating patients with mental illness. However, IESE's Antonino Vaccaro and co-authors show how an unusual social enterprise in rural Italy has turned its dual focus into a strength. Its success, which illustrates the value of a concept called "multiple embeddedness," has implications for entrepreneurs and activists alike. Read article

  Short-Term Gain, Long-Term Drain? Bribery and Business Strategy

Birhanu, Addis; Gambardella, Alfonso; Valentini, Giovanni As corruption attracts increasing international scrutiny, a study coauthored by IESE's Giovanni Valentini confirms that, in Africa and Latin America, paying bribes is associated with lower levels of investment, stunting longer term growth prospects for companies. Kickbacks are also associated with a short-term vision for business. Could a change in strategy help root out corruption? Read article
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