Summary

Ethics Required for Business to Thrive, Survive, SHIV K. Gupta, the Wall Street Journal, March 8, 2004

Harvard Changes Course, Diana Middleton and Joe Light, he Wall Street Journal,

February 3, 2011

Summary One

SHIV K. Gupta provides deep analysis on the mutual trust in the business environment in his article Ethics Required for Business to Thrive, Survive, published on the Wall Street Journal on March 8, 2004.

First of all, SHIV points out the essential importance of moral and mutual trust and presents that they are imperative in nowadays’ open and free society, no matter for individuals or organizations. This moral requirement suits both internal governance and outside environment.

Then, according to SHIV, moral and responsible behavior is required on the part of all elements of society in order to reduce the environment conflicts. Thus, he makes deep analysis on both mutual trust and ethic. Mutual trust is an indispensible factor in our business society and is the solution to the ethical issues too. On the other hand, ethic is more firmly and SHIV presents four fundamental basis of ethic: honesty and candor in all activities; integrity in the use of all sources; avoidance of all the conflicts of interest; fairness of dealing with all. However, he also explains that not all the fundamental basis of ethic are the same for different individuals or organizations.

Finally, SHIV points out several ethical and moral elements organization could use to achieve successful responsibility effort, such as being willing to accept tradeoff and disequilibrium, reorganization that accountability is essential and total commitment of high ethical principles etc.

In conclusion, mutual trust and ethic are needed by organizations in long-term operating, financial and investing activities to thrive and survive.

Summary Two

Diana Middleton and Joe Light study the recent change in Harvard Business School in their article Harvard Changes Course on February 3, 2011...