Democratic capitalism: Developing a conscience for the corporation

One way of ensuring that individual actions do not violate a group's moral norms is to develop within each individual a conscience. Conscience consists in the internalization or acceptance of a group's moral norms as correct and overriding one's self-interest when they conflict., Corp...

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Bibliographic Details
Main Author: Grcic, Joseph M. (Author)
Format: Electronic Article
Language:English
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Published: Springer Science + Business Media B. V 1985
In: Journal of business ethics
Year: 1985, Volume: 4, Issue: 2, Pages: 145-150
Further subjects:B Individual Action
B Moral Norm
B Group Interest
B Moral Behavior
B Economic Growth
Online Access: Volltext (JSTOR)
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Summary:One way of ensuring that individual actions do not violate a group's moral norms is to develop within each individual a conscience. Conscience consists in the internalization or acceptance of a group's moral norms as correct and overriding one's self-interest when they conflict., Corporations as well as individuals need a conscience to monitor and control their behavior. The correlative of a personal conscience in a corporation consists in the representation of group interests in the running and managing of the firm. This means consumer and employee representation on the board of directors and management is the most effective way to promote corporate moral behavior.
ISSN:1573-0697
Contains:Enthalten in: Journal of business ethics
Persistent identifiers:DOI: 10.1007/BF00383568