This is a learning diary produced at the end of the Sustainability and International Business Ethics class in April, 2015.
The Sustainability and International Business Ethics class raised the important issues that have no easy, so-called “black and white” answers. The context of business raises numerous concerns requiring truly complex and multilateral approach. Business practice and work remuneration promises to create a context for the pursuit of happiness to those hardworking individuals that pursue it, meanwhile, creating the favorable environment for development of manipulation with truths and right-and-wrongs in the process of reaching the goals. This class successfully reveals the conflicting nature of business with many controversies between the various goals of stakeholders. The various goals create the opposing tensions that go beyond the reach of legal requirement and require ethical approach from businesses. Beyond all, I enjoyed not the answers that the presented material provides with numerous ethical approaches to the issues, solutions and perspectives but the questions that it raises leaving me to answer them for myself.
During the class, I have discovered a number of topics that broadened my perception of ethical issues a business faces. The other topics raised resistance and the need in deeper reflection. The concept of 1) sustainability and the sustainable development, 2) the components of sustainability from the triple bottom-line model, 3) the stakeholders’ theory of the firm (especially the broad version) and 4) the pragmatic ethical theory has widened the understanding about the ways businesses approach ethics. On the other hand, the cultural relatedness of the ethics especially in the context of developing the global code of ethics has puzzled me. Next, I will briefly cover on these points. Continue reading “Main Learning Points from Sustainability and International Business Ethics Class”