Author Archives: olssoncenter

Do Business Schools Have a Responsibility?

At a joint Society for Business Ethics and Academy of Management Social Issues in Management event, Olsson Center Senior Fellow and Ross School of Business Professor James P. Walsh gave a speech titled “What is Progress?” In it he compared … Continue reading

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Stakeholder Responsibility

According to the article “Corporate and Stakeholder Responsibility: Making Business Ethics a Two-Way Conversation” by Jerry D. Goodstein and Andrew C. Wicks, while it is imperative that an emphasis remains on corporate responsibility, it is just as important that stakeholders … Continue reading

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On the Separation Thesis

Olsson Center Senior Fellows R. Edward Freeman and Jared D. Harris have written on the separation thesis in business. This thesis contends that there is a separate morality for business. Expressions such as “that’s a business decision” or “it’s business, … Continue reading

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Adam Smith’s Legacy for Ethics and Economics

Olsson Center Senior Fellow Patricia H. Werhane has written about interpretations of Adam Smith and capitalism in the past. In a 2006 article, she challenges a popular understanding of the Wealth of Nations. According to the popular reading of Smith, … Continue reading

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Corporate Speech and Stakeholders

At a recent discussion on the Citizens United v. Federal Election Commission case at the University of Virginia, a speaker stated that most publicly traded companies do not contribute to political campaigns and political action committees. The reasons the speaker … Continue reading

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Stakeholder Capitalism

How one views capitalism can inform business decisions and operational values. In a 2007 article, Freeman, Martin and Parmar write: “Traditional narratives of capitalism rely upon the assumptions of competition, limited resources, and a winner-take-all mentality as fundamental to business … Continue reading

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The Evolution of Capitalism

Capitalism is in the news a lot these days. Pope Francis made global headlines for his critique of unbridled capitalism. Recently Professor R. Edward Freeman wrote about the future of capitalism in The Guardian, and it was met with vigorous … Continue reading

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What Stakeholder Theory is Not

Excerpted from an article by Robert Phillips, R. Edward Freeman and Andrew C. Wicks
The word “stakeholder” has become a commonly used term in business and in other sectors. The term means many different things to many different people and hence … Continue reading

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A New Future for Microfinance Institutions?

by Brad Brown, Professor at the U.Va. McIntire School of Commerce and Olsson Center Senior Fellow
Microcredit and microfinance have captured the imagination of the world by providing what appears to be a successful model of economic development in which poor … Continue reading

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Stakeholder Strategy and Resiliency

At a recent public forum for local business owners, Olsson Center Senior Fellow Jared Harris asked, “what is the purpose of business?” The audience, made up of sustainable business owners responded with answers about passion, purpose and a need to … Continue reading

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