Abstract

This essay comments on some accomplishments and future challenges concerning research and teaching in social issues. The author chaired the All-Academy of Management Task Force on Ethics. The SIM Division’s role is to examine critically the suitability of the actions and policies of business managers, organizations (mostly business firms), and the free market system itself. The scope of inquiry covers ethics, governance of organizations, and stakeholders. The emphasis in that inquiry is on the benefits and harms to people from businesses and the market system. Three major issues deserve our examination: 1) the growing influence of the global corporation, 2) global climate change and the negative environmental impact of our lifestyles, and 3) the moral maturity or lack thereof of contemporary decision makers and citizens. Corporations have immense influence, reflected in the growing role of lobbying. Environmental degradation is one of the most serious problems that face people of our ever smaller planet, so it challenges us to examine our lifestyles and the carbon footprint of our actions. We are now able to research and teach the development of good moral habits (virtues) and character.