David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Ezio Di Nucci
Jack Alan Reynolds
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Journal of Business Ethics 74 (1):17 - 23 (2007)
The global corporate scandals such as Enron, Worldcom and Global Crossing have raised fundamental issues of business ethics as well as economic, social and anthropological questions concerning the nature of business competition and global capitalism. The purpose of this conceptual paper is to introduce the concept of "welfare exchange" to the existing notions of economic, social and anthropological notions of business and exchange in markets and society in the 21st century. Global competition and business success in the 21st century continue to raise the nature of economic value and the interaction among diverse actors in international markets, institutions and society. We believe that the nature of such exchange between consumers and organizations, which can also be termed social marketing, need to increasingly take into account a welfare and ethical component. In this paper, we introduce our concept of welfare exchange to emphasize the importance of such welfare and ethical issues in the global business environment of the 21st century.
|Keywords||welfare exchange ethics global capitalism social marketing consumer trust|
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Anthony Giddens (1990). The Consequences of Modernity. Monograph Collection (Matt - Pseudo).
Pat Auger, Paul Burke, Timothy M. Devinney & Jordan J. Louviere (2003). What Will Consumers Pay for Social Product Features? Journal of Business Ethics 42 (3):281 - 304.
Richard A. Bernardi (2006). Associations Between Hofstede's Cultural Constructs and Social Desirability Response Bias. Journal of Business Ethics 65 (1):43 - 53.
A. Konrad, R. Steurer, M. E. Langer & André Martinuzzi (2006). Empirical Findings on Business–Society Relations in Europe. Journal of Business Ethics 63 (1):89 - 105.
Scott J. Reynolds, Frank C. Schultz & David R. Hekman (2006). Stakeholder Theory and Managerial Decision-Making: Constraints and Implications of Balancing Stakeholder Interests. [REVIEW] Journal of Business Ethics 64 (3):285 - 301.
Citations of this work BETA
Lucio Lamberti & Emanuele Lettieri (2009). Csr Practices and Corporate Strategy: Evidence From a Longitudinal Case Study. [REVIEW] Journal of Business Ethics 87 (2):153 - 168.
Sandro Castaldo, Katia Premazzi & Fabrizio Zerbini (2010). The Meaning(s) of Trust. A Content Analysis on the Diverse Conceptualizations of Trust in Scholarly Research on Business Relationships. Journal of Business Ethics 96 (4):657 - 668.
Lucio Lamberti & Emanuele Lettieri (2009). CSR Practices and Corporate Strategy: Evidence From a Longitudinal Case Study. Journal of Business Ethics 87 (2):153-168.
Sandro Castaldo, Katia Premazzi & Fabrizio Zerbini (2010). The Meaning of Trust. A Content Analysis on the Diverse Conceptualizations of Trust in Scholarly Research on Business Relationships. Journal of Business Ethics 96 (4):657-668.
Krittinee Nuttavuthisit & John Thøgersen (forthcoming). The Importance of Consumer Trust for the Emergence of a Market for Green Products: The Case of Organic Food. Journal of Business Ethics.
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