David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
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Journal of Business Ethics 78 (3):463 - 474 (2008)
After experiments with various economic systems, we appear to have conceded, to misquote Winston Churchill that "free enterprise is the worst economic system, except all the others that have been tried." Affirming that conclusion, I shall argue that in today's expanding global economy, we need to revisit our mind-sets about corporate governance and leadership to fit what will be new kinds of free enterprise. The aim is to develop a values-based model for corporate governance in this age of globalization that will be appropriate in a variety of challenging cultural and economic settings. I shall present an analysis of mental models from a social constructivist perspective. I shall then develop the notion of moral imagination as one way to revisit traditional mind-sets about values-based corporate governance and outline what I mean by systems thinking. I shall conclude with examples for modeling corporate governance in multi-cultural settings and draw tentative conclusions about globalization
|Keywords||corporate governance free enterprise globalization mental models moral imagination|
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Citations of this work BETA
Andrew Crane & Trish Ruebottom (2011). Stakeholder Theory and Social Identity: Rethinking Stakeholder Identification. [REVIEW] Journal of Business Ethics 102 (S1):77-87.
Paul E. Bierly, Robert W. Kolodinsky & Brian J. Charette (2009). Understanding the Complex Relationship Between Creativity and Ethical Ideologies. Journal of Business Ethics 86 (1):101-112.
Joseph A. Petrick, Wesley Cragg & Martha Sañudo (2011). Business Ethics in North America: Trends and Challenges. [REVIEW] Journal of Business Ethics 104 (S1):51-62.
Sheldene Simola (2012). Exploring “Embodied Care” in Relation to Social Sustainability. Journal of Business Ethics 107 (4):473-484.
Paul E. Bierly Iii, Robert W. Kolodinsky & Brian J. Charette (2009). Understanding the Complex Relationship Between Creativity and Ethical Ideologies. Journal of Business Ethics 86 (1):101 - 112.
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