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Transforming Business Ethics in the Coronavirus Pandemic

In: Economic Issues of Social Entrepreneurship

Author

Listed:
  • Liudmila P. Sidorova

    (National Research University Higher School of Economics)

  • Timur M. Khusyainov

    (National Research University Higher School of Economics)

Abstract

Purpose: Analyzing the impact of the coronavirus pandemic on changes in business ethics, identify the most significant issues. Design/methodology/approach: Based on an analysis of the main trends in modern society and modern concepts and programs of corporate social responsibility, a theoretical framework of actions to be taken by companies in the pandemic environment is developed. Findings: Today, technology can greatly assist governments in controlling the spread of the virus. Of course, the virus is indiscriminate and affects all people. Wealth, religion, sex, physical condition, and social status do not confer immunity on individuals or groups. However, some social groups suffer more than others. Thus, women workers, migrant workers and the poorest segments of society can be distinguished. The analysis highlights three basic principles of ethical business that are important during a pandemic: company must be prepared for risks involved; company has no right to harm; company must ensure that there is no discrimination. Originality/value: The most important problems encountered by business, employees, partners, and society in general are highlighted. The authors note the importance of corporate social responsibility and the ability of the business community to address the coronavirus crisis.

Suggested Citation

  • Liudmila P. Sidorova & Timur M. Khusyainov, 2021. "Transforming Business Ethics in the Coronavirus Pandemic," Springer Books, in: Elena G. Popkova & Bruno S. Sergi (ed.), Economic Issues of Social Entrepreneurship, pages 289-298, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-77291-8_27
    DOI: 10.1007/978-3-030-77291-8_27
    as

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