How Virtuous is Your Firm? A Checklist

Electronic Journal of Business Ethics and Organization Studies, 2009, 14, 14-20

14 Pages Posted: 21 Mar 2013

See all articles by Hershey H. Friedman

Hershey H. Friedman

City University of New York - Department of Business Management

Linda Weiser Friedman

Baruch College, CUNY - Zicklin School of Business; CUNY - The Graduate Center

Date Written: January 1, 2009

Abstract

Scholars are noting a change in the way business is being conducted. Many firms -- one scholar estimates the number at 15% -- are concerned about values rather than focusing exclusively on maximizing profits. This new kind of capitalism considers factors such as societal needs, quality, needs of employees, and environmental sustainability in business decision making. In addition, a large number of consumers (approximately 70 million Americans), known as values-driven consumers, prefer doing business with companies that have values. This paper provides a checklist that can be used by firms to determine whether or not they are indeed virtuous; if they are not, the authors provide reasons why they should change.

Keywords: business ethics, corporate social responsibility, virtuous firm, servant leadership, workplace diversity, spirituality

JEL Classification: A22, A23, D81, G18, G21, I20, L20, L21, M14, M19, M31, Q20, Q38

Suggested Citation

Friedman, Hershey H. and Friedman, Linda Weiser, How Virtuous is Your Firm? A Checklist (January 1, 2009). Electronic Journal of Business Ethics and Organization Studies, 2009, 14, 14-20. Available at SSRN: https://ssrn.com/abstract=2236523

Hershey H. Friedman (Contact Author)

City University of New York - Department of Business Management ( email )

Linda Weiser Friedman

Baruch College, CUNY - Zicklin School of Business ( email )

17 Lexington Avenue
New York, NY 10010
United States

HOME PAGE: http://cisnet.baruch.cuny.edu/friedman/

CUNY - The Graduate Center

365 Fifth Avenue
New York,, NY 10016
United States

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