MIT Sloan Management Review Article on The False Choice Between Business and Ethics
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- Bidhan L. Parmar, R. Edward Freeman
- MIT Sloan Management Review
- 2019
Should there be an imperative — moral or otherwise — to consider what’s fair when making a business transaction?
Consider this situation — let’s call it Case A. You’re at a yard sale and pick up a violin. The tag says $50. Let’s imagine you actually know quite a bit about violins, and you know that this particular violin, if it were auctioned, could yield close to $1 million.
Should you tell the current owners they’re making a terrible mistake by pricing it at $50? Or should you simply buy the violin and profit from a lucrative resale?
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MIT Sloan Management Review Article on The False Choice Between Business and Ethics