One need only look at the news to be bombarded with examples of corporate malfeasance and the impact such behavior has on a company’s public image, customers, employees, and bottom line. And while these stories grab the headlines, some companies are adopting practices that display awareness of their impact on the globe, whether that be to the environment, its employees and suppliers, or communities in which they do business. What factors are leading to these decisions? What are the benefits and costs of making ethical business decisions and acting in a socially responsible way, however one defines it? Issues in Business Ethics and Corporate Social Responsibility explores these foundational themes across a wide range of topics, including artificial intelligence, workplace surveillance, supply chain management, big ...
Chapter 3: Business and Universities: Should Academic Capitalism Shape Teaching and Research?
Business and Universities: Should Academic Capitalism Shape Teaching and Research?
Policymakers increasingly see universities as engines of economic growth and as “incubators of innovation.” They argue that academic capitalism—an umbrella term for a variety of market-driven university ventures—is an innovative way to fund teaching, research and campus expansion in an era of tight budgets and rising tuition. They also say it benefits businesses, especially start-ups, by giving them access to campus research and facilities. Schools, the community and the economy all benefit. But critics say the close relationship between universities and the business world raises numerous ethical ...