Richard Branson on Risk, 3D Printing, Liability for Drunk Employees, Poverty Professionals, Think Tanks as Educators, Business Ethics

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Kaizen Weekly Review highlights activities of The Center for Ethics and Entrepreneurship and recent business ethics and entrepreneurship news.
Editor
: Virginia Murr

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Richard Branson on Taking Risks
Richard BransonRoutine can be deadly to a business. In this article, Richard Branson explains that adding risk-taking to your business can spawn great innovations as well as workplace fun: “One of the great benefits of taking on challenges in your working life is that you and your team learn to confront risk together — and also to lose sometimes, because when you make a good wager, the odds are not going to be in your favor.”

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3D Printing and the New Industrial Revolution
3dprinterThough 3D printing was first developed in 1984, the technology is finally becoming mainstream — Amazon has even dedicated a storefront to it. What does this new technology mean for the big picture? Professor Richard D’Aveni of Dartmouth College states, “We’re on the verge of the next industrial revolution, no doubt about it.” Read the article.

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Should Companies be Liable for Drunk Employees?
drinksAfter becoming inebriated at a company party, an employee attempted to slide down the rail of an escalator, causing her to fall nearly 25 feet to the ground. Sustaining numerous injuries, she sued her company for workman’s compensation, arguing that even while companies are not usually liable for an employee’s actions while drunk, “there is an exception when the alcohol is ‘supplied by the employer.’” Read about the verdict.

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Bill Frezza on the Poverty Professionals
Food StampsIn 2012, welfare programs cost taxpayers nearly $588 billion, much of which went to overhead for government and private administration. In this Forbes article, “Poverty Professionals and The Crony Capitalists Who Love Them,” Bill Frezza discusses the high costs, the lack of transparency, and why “the marriage of convenience between the financial services industry and federal bureaucrats is no laughing matter.”

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Think Tanks: The Universities of the 21st Century?
UFMThink tanks such as the Atlas Economic Research Foundation and the Ludwig von Mises Institute are making waves in higher education. Some have transformed into or spawned new universities, and some are offering inexpensive, Massive Online Open Courses as an alternative for commuter students. Read more about the evolution of higher education and how think tanks are on the forefront.

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The Ethics of Experimental Drugs
FDA_1Should terminal cancer patients have the right to take experimental medications? Are companies taking unfair advantage of sick, desperate people? In this segment of his Business Ethics Cases series, Stephen Hicks discusses the arguments for and against experimental cancer drugs by examining the infamous Laetrile case.

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