Skip to main content

The Business of Conscience

  • Chapter
  • First Online:
In Good Conscience
  • 427 Accesses

Abstract

Conscience = critical thought + acting together to effect change. Our formula for the conscientious business is built on a willingness to think issues through in a critical way, from the perspective of all stakeholders (which requires both self-insight and awareness of others) and the will to work together to deliver transformative change. This means businesses need to integrate conscience into the core of their business. To make conscience explicit and usable, a company will often put its belief system into words, by using such concepts as purpose (its raison d’être) and principles (the fundamental tenets that guide acts). This is not exactly conscience, which is irreducible and beyond language but is rather a proxy for it. Conscience comes to life when purpose and principles are used to adapt to the specific contexts in which choices have to be made. Here, we argue that there are three attributes of a business with a conscience—fair, open and responsible—which can enable them to both do the right thing and be profitable. But, as our guest writer, Brian Berkey, reminds us there can be conflicts between ethics and profits and that this sometimes means making difficult choices.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 29.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 16.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 37.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Notes

  1. 1.

    https://www.jfklibrary.org/archives/other-resources/john-f-kennedy-speeches/yale-university-19620611.

  2. 2.

    Jost, J. T. (2017). Ideological asymmetries and the essence of political psychology. Political psychology, 38(2), 167–208; Shepherd, S., Chartrand, T.L. and Fitzsimons, G.J. (2015), When brands reflect our ideal world: the values and brand preferences of consumers who support versus reject society’s dominant ideology, Journal of Consumer Research 42(1), 76–92.; Barbera, P., Jost, J.T., Nagler, J., Tucker, J.A. and Bonneau, R.(2015), Tweeting from left to right: is online political communication more than an echo chamber?, Psychological Science, 26(10), 1531–1542.

  3. 3.

    Parekh, S. (2008). Conscience, morality and judgment: An inquiry into the subjective basis of human rights. Philosophy & Social Criticism, 34(1–2), 177–195.

  4. 4.

    Van Tonningen F.M.R and Louwers S.J.P. (2019) Rabobank Ethics Committee: about reflection platforms, moral cost and moral case law.

  5. 5.

    This argument aligns with Kant, who believes that actions are determined by the adoption of a principle that is jointly determined together with others through interaction that governs their conduct. In her analysis of Kant, the philosopher Christine Korsgaard notes the moral motivation he ascribes to people and how Kant’s conception of action allows us to deliberate and act together in a deeper way. Korsgaard C.M. (2009) Natural Motives and the Motive of Duty: Hume and Kant on our duties to others. Contemporary Readings in Law and Social Justice. 1(2), 9–36.

  6. 6.

    Iglesias, O., & Ind, N. (2020). Towards a theory of conscientious corporate brand co-creation: the next key challenge in brand management. Journal of Brand Management, 27(6), 710–720; Ind, N., & Horlings, S. (Eds.). (2016). Brands with a conscience: How to build a successful and responsible brand. Kogan Page Publishers.

  7. 7.

    Lyon, T. P., Delmas, M. A., Maxwell, J. W., Tima Bansal, P., Chiroleu-Assouline, M., Crifo, P., et al. (2018). CSR needs CPR: Corporate sustainability and politics. California Management Review, 60(4), 5–24. https://doi.org/10.1177/0008125618778854.

  8. 8.

    Binham C and Arnold A. (2018) Barclays chief Staley fined £640,000 over whistleblowing scandal. Financial Times. May 11 2018.

  9. 9.

    Wood. A. W. (2005) Kant. Blackwell Publishing.

  10. 10.

    Masters B (2021) Staley’s departure from Barclays reminds CEOs not to believe their own hype. Financial Times. November 5th, 2021.

  11. 11.

    Carney M (2020) Value(s): building a better world for all. Harper Collins, p. 182.

  12. 12.

    Kim, W. C., & Mauborgne, R. (2003). Fair process: Managing in the knowledge economy. Harvard business review, 81(1), 127–136.

  13. 13.

    Wilkerson I. (2020) America’s ‘untouchables’: the silent power of the caste system. The Guardian 28 July 2020.

  14. 14.

    Ind N and Payton K. (2021) op cit.

  15. 15.

    Schmeltz, L., & Kjeldsen, A. K. (2019). Co-creating polyphony or cacophony? A case study of a public organization’s brand co-creation process and the challenge of orchestrating multiple internal voices. Journal of Brand Management, 26(3), 304–316.

  16. 16.

    Albu, O. B., & Flyverbom, M. (2019). Organizational transparency: Conceptualizations, conditions, and consequences. Business & Society, 58(2), 268–297.

  17. 17.

    Robison P (2021) Flying Blind: the 737 Max Tragedy and the Fall of Boeing. London: Penguin Business.

  18. 18.

    Carney M. (2020) op cit., p. 315.

  19. 19.

    Golob, U., and K. Podnar. 2019. Researching CSR and brands in the here and now: an integrative perspective. Journal of Brand Management 26: 1–8.

  20. 20.

    Lee, E.M., S.Y. Park, M.I. Rapert, and C.L. Newman. 2012. Does perceived consumer fit matter in corporate social responsibility issues? Journal of Business Research 65 (11): 1558–1564; Hur, W.M., H. Kim, and J. Woo. 2014. How CSR leads to corporate brand equity: Mediating mechanisms of corporate brand credibility and reputation. Journal of Business Ethics 125 (1): 75–86; Skudiene, V., and V. Auruskeviciene. 2012. The contribution of corporate social responsibility to internal employee motivation. Baltic Journal of Management 7 (1): 49–67.

  21. 21.

    Walsh, G., and S.E. Beatty. 2007. Customer-based corporate reputation of a service firm: Scale development and validation. Journal of the Academy of Marketing Science 35 (1): 127–143.

  22. 22.

    Joyner, B.E., and D. Payne. 2002. Evolution and implementation: A study of values, business ethics and corporate social responsibility. Journal of Business Ethics 41 (4): 297–311; Pope, S., and A. Wæraas. 2016. CSR-washing is rare: A conceptual framework, literature review, and critique. Journal of Business Ethics 137 (1): 173–193; Maon, F., V. Swaen, and A. Lindgreen. 2017. One vision, different paths: An investigation of corporate social responsibility initiatives in Europe. Journal of Business Ethics 143 (2): 405–422.

  23. 23.

    Last, A. (2022). Business on a Mission: How to Build a Sustainable Brand. London: Routledge. Introduction to 2nd edition.

  24. 24.

    Porter, M. E., & Kramer, M. R. (2011). Creating shared value: How to reinvent capitalism—and unleash a wave of innovation and growth. Harvard Business Review 89(1–2), 62–77.

  25. 25.

    https://www.jfklibrary.org/learn/about-jfk/the-kennedy-family/robert-f-kennedy/robert-f-kennedy-speeches/remarks-at-the-university-of-kansas-march-18-1968.

  26. 26.

    Mazzucato, M. (2018). The value of everything: Making and taking in the global economy. Hachette UK; Carney M (2020) op cit.

  27. 27.

    Merleau-Ponty, M. (1945) (2002). Phenomenology of Perception (Phénomenologie de la perception, Gallimard, Paris). Translated by C. Smith. London: Routledge.

  28. 28.

    Kurtmollaiev, S. Lervik-Olsen L. and Andreassen T.W., (2022) ‘Honey or Condensed Milk? Improving Relative Brand Attractiveness through Commercial and Social Innovations’ in The Routledge Companion to Corporate Branding. Edited by Oriol I., Ind N. and Schultz M. London: Routledge: 211–227.

  29. 29.

    Schubert, C. (2017). Green nudges: Do they work? Are they ethical? Ecological Economics, 132, 329–342.

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Nicholas Ind .

Rights and permissions

Reprints and permissions

Copyright information

© 2022 The Author(s), under exclusive license to Springer Nature Switzerland AG

About this chapter

Check for updates. Verify currency and authenticity via CrossMark

Cite this chapter

Ind, N., Iglesias, O. (2022). The Business of Conscience. In: In Good Conscience. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-031-09338-8_3

Download citation

Publish with us

Policies and ethics