Episode 15, Business Ethics (Part I)
The Panpsycast Philosophy Podcast
Jack Symes | Andrew Horton, Oliver Marley, and Rose de Castellane
4.8 • 612 Ratings
🗓️ 1 April 2017
⏱️ 53 minutes
🧾️ Download transcript
Summary
Do corporations have ethical responsibilities? If so, what are they? Is whistleblowing ethical? When are we legally protected to do so? Not only do we have the questions, but this week we have some of the answers! Tweet us your thoughts at www.twitter.com/thepanpsycast. Part I. Corporate Social Responsibility (2:20), Part II. Whistleblowing (28:00), Part III. "Good Ethics Is Good Business" (00:10 in Part II), Part IV. Globalisation, Further Analysis and Discussion (16:45 in Part II). You can find links to all the reading at www.thepanpsycast.com. Make sure you've subscribed to us on iTunes to get new episodes as and when they're released! Thank you, we hope you enjoy the episode!
Transcript
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| 0:00.0 | Hello and welcome to another episode of capitalism offers the best structure for social mobility. |
| 0:07.5 | Just kidding. This episode is on business ethics. Business ethics considers the ethical |
| 0:14.0 | relationship between businesses, consumers, between businesses and their employees. It also considers |
| 0:19.6 | the impact of globalization on the |
| 0:21.2 | environment and on society at large. Ethists do not always agree about the |
| 0:26.1 | purpose of business in society. Some see the main purpose of businesses to maximize |
| 0:30.0 | profits for its owners or its shareholders. In this case only activities which |
| 0:34.0 | increase profits are to be encouraged as this is the only way companies will |
| 0:37.2 | survive. |
| 0:38.3 | This was the view of economist Milton Friedman. |
| 0:40.3 | Others consider the businesses to have moral responsibilities to their stakeholders, including employees, consumers, the local community and even society as a whole. |
| 0:50.3 | In part one, we'll be exploring corporate social responsibility. Part two two whistleblowing, part three, good ethics is good business, and part four, globalization, further analysis and discussion. |
| 1:03.0 | Right, let's get down to business. |
| 1:10.0 | Hello and welcome to episode 15 on business ethics. |
| 1:17.5 | I'm joined by Mr. Andrew Horton. |
| 1:20.8 | Hello. |
| 1:21.7 | And Mr. Oliver Marley as well. |
| 1:23.6 | It's business time. |
| 1:25.3 | How are you both doing? |
| 1:26.3 | It's been a long time. |
| 1:31.5 | Again, I think this is what, it's been 10 years since we last met. |
| 1:38.4 | There's a song in there somewhere. And Ollie's beard is now to the floor. I have an amazingly long beard. |
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