Saint Vincent de Paul and the Mission of the Institute for Business and Professional Ethics: Why Companies Should Care About Poverty

The mission of DePaul University’s Institute for Business and Professional Ethics (IBPE) is “to encourage ethical deliberation among decision makers by stirring the moral conscience, encouraging moral imagination, and developing models for moral decision-making in business.” In 2006, it added an element: “to inspire companies to address poverty reduction both globally and locally through for-profit initiatives.” The authors make the following assertions: “(1) the poor do not lack resources; (2) poverty alleviation is an evolving, dynamic process; (3) poverty often results from patterns of exclusion; and (4) many feasible approaches to poverty reduction have been and can be created through commerce.” The thinking behind this is explained and illustrated with specific cases. Connections between these propositions and Vincent de Paul’s legacy are made explicit

Reconceptualizing Profit-Orientation in Management: A Karmic View on "Return on Investment" Calculations

From the perspective of the present day, Puritan-inspired capitalism seems to have succeeded globally, including in India. Connected to this, short-term profit-orientation in management seems to constrain the scope of different management approaches in a tight ideological corset. This article discusses the possibility of replacing this Puritan doctrine with the crucial elements of Indian philosophy: Karma and samsara. In doing so, the possibility of revising the guiding principles in capitalist management becomes conceivable, namely the monetary focus of profit-orientation and its short-term orientation. This perspective allows a detachment of the concept of profit from the realm of money, as the seemingly only objectifiable measure of profit. Furthermore it allows a removal of the expectation that every "investment" has to directly "pay off". A karmic view offers management a possible facility for being more caring about the needs and fates of other stakeholders, as profit-orientation would no longer be attached as a factual constraint to merely accumulate money. (author's abstract

Enchantment in Business Ethics Research

This article draws attention to the importance of enchantment in business ethics research. Starting from a Weberian understanding of disenchantment, as a force that arises through modernity and scientific rationality, we show how rationalist business ethics research has become disenchanted as a consequence of the normalisation of positivist, quantitative methods of inquiry. Such methods absent the relational and lively nature of business ethics research and detract from the ethical meaning that can be generated through research encounters. To address this issue, we draw on the work of political theorist and philosopher, Jane Bennett, using this to show how interpretive qualitative research creates possibilities for enchantment. We identify three opportunities for reenchanting business ethics research related to: (i) moments of novelty or disruption; (ii) deep, meaningful attachments to things studied; and (iii) possibilities for embodied, affective encounters. In conclusion, we suggest that business ethics research needs to recognise and reorient scholarship towards an appreciation of the ethical value of interpretive, qualitative research as a source of potential enchantment