Ethical Innovation in Business and the Economy
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Ethical Innovation in Business and the Economy

Edited by Georges Enderle and Patrick E. Murphy

Innovation has become a buzzword that promises dramatic changes in almost every field of business. Absent from this attention is a serious discussion of the ethical sides of dramatic change. To address this, editors Georges Enderle and Patrick E. Murphy gather a team of experts to fully examine the ethics of innovation within business and the economy in this standout addition to the Studies in TransAtlantic Business Ethics series.
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Chapter 5: Managerial responsibility and the purpose of business: doing one’s job well

Nien-hê Hsieh


Chapter 5 by Nien-hê Hsieh examines managerial responsibility and develops an alternative to shareholder primacy. It criticizes the view that defines the responsibilities of managers merely in terms of constraints or negative moral duties (e.g., the duty not to harm). Rather, managers have the duty to do their jobs well, that is, to help realize important market-specific social values that are consistent with a minimal set of normative commitments. These values ground managerial responsibility to pursue specific ends and define the purpose of business. To illustrate this novel account of managerial responsibility, three examples examine opportunities for health, strengthening institutions, and lobbying and political activity.

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