In most discussions about business and ethics there is an unstated as sumption that the pursuit of profit is at odds with the pursuit of personal or social responsibility The Greg Smith-Goldman Sachs case highlights the tension that can exist between the aggressive pursuit of profit and personal responsibility and job satisfaction. What message is sent to employees when the pursuit of profit, the guiding practical principle of their time at work, is thought to be incompatible with doing the socially responsible thin Is it possible to find meaning and value at work if employees are told to check their conscience at the door? There have, of course, always been organizations that turn this tension around, organizations that pursue social ends as the very core of their mission Nonprofits, NGOs, foundations, professional organizations, schools, colleges and government agencies, have social goals at the center of their operations The knowledge and skills taught in business schools, from management and marketing to human resources and accounting are just as relevant for non profits as they are in for-profit organization Most students in these various subdisciplines of a business school curriculum are familiar w business models, and many people find rewarding and nonprofit the nonprofit sector.
But there is a growing recognition that some for-profit organizations also have social goals as a central part of the strategic mission of the organization
In most discussions about business and ethics there is an unstated as sumption that the pursuit of profit is at odds with the pursuit of personal or social responsibility The Greg Smith-Goldman Sachs case highlights the tension that can exist between the aggressive pursuit of profit and personal responsibility and job satisfaction. What message is sent to employees when the pursuit of profit, the guiding practical principle of their time at work, is thought to be incompatible with doing the socially responsible thin Is it possible to find meaning and value at work if employees are told to check their conscience at the door? There have, of course, always been organizations that turn this tension around, organizations that pursue social ends as the very core of their mission Nonprofits, NGOs, foundations, professional organizations, schools, colleges and government agencies, have social goals at the center of their operations The knowledge and skills taught in business schools, from management and marketing to human resources and accounting are just as relevant for non profits as they are in for-profit organization Most students in these various subdisciplines of a business school curriculum are familiar w business models, and many people find rewarding and nonprofit the nonprofit sector.But there is a growing recognition that some for-profit organizations also have social goals as a central part of the strategic mission of the organization
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