Dr. Werner Jackstädt Chair of Economic and Business Ethics


Prof. Dr. Andreas Suchanek


Overview

Dr. Werner Jackstädt Chair of Economic and Business Ethics

Supporter

Dr. Werner Jackstädt Foundation

Academic Group

Sustainability and Competitiveness

Chairholder

Prof. Dr. Andreas Suchanek

Team Assistant

Beate Kanheissner

Research Associates

Elisa Maria Böldicke, Maja Petrushevska

Courses

Business Ethics
Corporate Social Responsibility in a Globalized World
Global Governance and Corporate Social Responsibility
Philosophical Underpinnings of Management Research

Research Areas

Economic and business ethics
Theory of corporate responsibility
Management of trust

Network

Dr. Werner Jackstädt Foundation
Stifterverband (Donors' Association for the Promotion of Sciences and Humanities in Germany)
Wittenberg Center for Global Ethics
Association for Social Policy, Committee of Economics and Ethics

Profile

The Dr. Werner Jackstädt Chair of Economic and Business Ethics is dedicated to the dialog between theory and practice on the topic of corporate responsibility: On the basis of a theoretical conception which recognizes the moral quality of the market economy, we are oriented towards the practical problems and, thus, the question of how profit and morals can fruitfully coexist. Here, we apply the golden rule: Invest in the conditions of social cooperation for mutual advantage!

Therefore, good management means to be economically successful by implementing values-based management practices. Under the conditions of competition, this maxim constitutes a challenging task for the management of corporations.

The Chair aims to enhance students’ ability to make reasonable ethical judgments by emphasizing the importance of focusing on a clearly defined problem, working as a team player and having a personal sense of responsibility.

Sustainable Value Creation

The Dr. Werner Jackstädt Chair of Economic and Business Ethics believes that corporations must pursue sustainable value creation in order to maintain their societal legitimacy. The following diagram exemplifies the key pillars of sustainable value creation:

Prof. Dr. A. Suchanek

"Invest in Trust!"

In business management, (ethical) discernment of decision makers plays a vital, but often underestimated role for the long term success of value creation. It is one of the central challenges of “good management” to constantly align success and responsibility in business. The well-known conflict between market and moral or profit and ethics and possible approaches are the main focus of my research and teaching at HHL. The idea is to transform the conflict into a chance of creating value: The costs of responsible behavior are an investment in trust, which pays often well over time.

After studying Economics at the German universities of Kiel and Göttingen, I worked as acting chair for Business and Economic Ethics at Ingolstadt School of Management (Catholic University of Eichstätt-Ingolstadt). In 2004 I joined HHL and was Dow Research Professor of Sustainability and Global Ethics. Since 2009, I have been the chairholder of the Dr. Werner Jackstädt Chair of Economic and Business Ethics. As an ethics professor at HHL, my aim is to teach students the complexity of business life and possible grey areas. They shall learn why and how to invest in trust in a fast-moving and complex business world.

Apart from my work at HHL I am chairman of the board of the Wittenberg Center for Global Ethics which is an independent, international and interdenominational initiative of persons and organizations from politics, business, academia, the Churches and civil society. It aims at identifying general ethical principles for effective and responsible leadership.
I am reviewer for the German Research Society (DFG) and diverse foundations as well as various scientific journals such as the Journal of Business Ethics (JBE), the Journal for Business, Economics, and Ethics (zfwu), ORDO and others. Furthermore I am an active member of diverse advisory committees such as for the CSR Forum of the German Federal Government, the Chemistry Foundation Academy of Social Partners (CSSA), the scientific council of the Federal Association of Compliance Managers and others.

Courses

Teaching at the Chair has a strong theoretical basis which consists of concepts and frameworks developed by Prof. Dr. Andreas Suchanek. In Master of Science courses, the focus is on developing a holistic understanding of the theory whilst in Master of Business Administration courses, the practical applicability of the theory is brought to the fore.

For all courses, how the theoretical concepts and frameworks can be used in (economic) decision situations to support ethical reasoning is exemplified based on up-to-date case studies.

In addition, the Chair offers a course in HHL’s doctoral program that is not only oriented on developing the ability of moral discernment, but also on the development of conceptual understanding which is vital for higher research.

Course List

  • Business Ethics
  • Corporate Social Responsibility in a Globalized World
  • Global Governance and Corporate Social Responsibility
  • Philosophical Underpinnings of Management Research

Research

Research at the Chair is strongly focused on the conceptual development of the economic ethics theory – for which the continued consideration of the application of the theory to practice is deemed to be integral.

Hence, the Chair’s research consists, on the one hand, of theoretical, conceptual work on how the understanding and rules of interactions in an economic context are related to the outcomes produced by individuals, who are simultaneously moral subjects and economic actors.

On the other hand, much of the Chair’s research involves applying the theory to current moral and economic issues, such as the financial crisis, or in a particular industry field. In this way, Master and doctoral thesis candidates are encouraged to examine how strong ethical reasoning can be applied to resolve issues in their particular field of expertise.

The results of our research work can be seen in our publications.

Areas of Research of the Chair’s Team Members

Prof. Dr. Andreas Suchanek
Corporate responsibility
Economic and business ethics
Management of trust and integrity
Methodology of social sciences

Elisa Maria Böldicke
Methodology of social sciences and philosophy
Work culture within the social market economy
Ethics and intellectuality in the modern society 

Vicky Pohontsch
Human rights (e.g. migration and integration, middle east) and sociology
Institutional framework and game theory
CSR in supply chains

Completed Doctoral Projects (Selection)

A New Institutional Economics Perspective on Industry Self-Regulation
The idea of self-regulation of an industry has become an important issue not only in practice but also in academic research. Nonetheless, comparably few studies consider which factors influence the effectiveness of self-regulation. The basic problems of defining, monitoring and enforcing appropriate standards are known, but an integrated research of real examples of this form of cooperation amongst competitors is rarely done. Using the criterion of incentive-compatibility, the study asks: “When can a self-regulation initiative be effective in mitigating unethical practices of firms in an industry?” Put differently: Why should a firm voluntarily constrain itself in a collective agreement? Jan Sammeck derived a framework for analyzing under which conditions one can expect systematically, that firms will contribute to implementing a self-regulation regime.


Homo Economicus and the Idea of Human Nature
Few concepts have been so heavily discussed and called into question as that of the rational and self-interested actor: Homo Economicus. The thesis of Klaus Kerscher details the arguments of both the advocates and the critics of the Homo Economicus conception. The arguments are structured to exemplify that contradictions are unavoidable whereby singular scientific descriptions of human nature are, by definition, a ‘reduced’ form of the phenomenon which they are trying to depict. The dangers of this ‘reduction’ are made evident – as are the remarkable opportunities which the concept holds. Paradoxically, a well-informed interpretation of the Homo Economicus enables societal phenomena which human beings collectively consider themselves to have created, but in the face of which any given individual is powerless, to be analyzed and understood. Examples of such phenomena range from trade in international markets, to the financial crisis or climate change.

Knowledge Transfer

Research at the Dr. Werner Jackstädt Chair of Economic and Business Ethics is strongly orientated on business practice. Hence, the Chair engages very actively in knowledge transfer with practice.
In the past, the Chair has supervised numerous field projects with companies from different economic sectors. Companies such as Bayer AG (Pharmaceutical), Allianz SE (Finance), Veolia Wasser GmbH (Utilities) and Dunkin' Brands (Consumer Goods) have all been past cooperation partners.
In addition, Prof. Dr. Suchanek is heavily engaged in the work of the Wittenberg Center for Global Ethics. The Center is involved in projects, such as the development and implementation of the Code of Responsible Conduct for Business, which have a deep impact not just on the German business environment but also on the Chair’s work – it is the Chair’s philosophy that an understanding of the ethical issues in the current economic environment is integral for the education of responsible future business leaders.

Students Consulting Project: Guidelines and Self-Evaluation for the V-Factor: Responsible Business in Central Germany

The Central German Metropolitan Region and The Industrial Initiative for Central Germany (IICG) have undertaken the project named ‘V-FACTOR – Responsible Business in Central Germany’ to encourage the exchange and development of practical ideas with respect to sustainable and responsible corporate behavior in Saxony, Saxony-Annex and Thüringen. The goal of the field project was to develop the V-FACTOR Code of Conduct as a guideline for sustainable and responsible business in Central Germany and in this context, also to develop a self-evaluation scheme.

These concrete measures should provide enterprises and their constituents with a guiding framework for decisions and strategic positioning in terms of economy, ecology and social issues which is tailored to the specific conditions of the region. Commitment to the V-FACTOR Code of Conduct is thereby a voluntary declaration of respect for rules and certain values which ought to build trust in the regional economic context and thereby, positively influence economic success. To this end, the definition of responsible business in Central Germany which was developed by the project group constitutes the core of the V-FACTOR initiative: “Responsible business means creating value within a network of trusted partners and without harming third parties”.

Wittenberg Center for Global Ethics

Prof. Dr. Andreas Suchanek, Chairholder of the Dr. Werner Jackstädt Chair of Economic and Business Ethics, is also the Chairman of the Board for the Association of the Wittenberg Center for Global Ethics as well as Deputy Chairman of the Management Board at the Center.

In this position, Prof. Dr. Andreas Suchanek is responsible for advancing the Wittenberg Center's theoretical base. The Wittenberg Center for Global Ethics aims at providing ethical guidance to present and future decision makers in business, politics and civil society.

Team

Prof. Dr. Andreas Suchanek
Chairholder
T +49 341 9851-872
F +49 341 9851-874
andreas.suchanek(at)hhl.de
Dipl.-Päd. Beate Kanheißner
Team Assistant
T +49 341 9851-871
F +49 341 9851-874
beate.kanheissner(at)hhl.de
Elisa Maria Entschew (née Böldicke), M.Sc.
Research Associate
T +49 341 9851-751
F +49 341 9851-874
elisa.boeldicke(at)hhl.de
Maja Petrushevska
Research Associate
T +49 341 9851-870
m.petrushevska(at)hhl.de
Corporate Responsibility & Governance
Economics & Information Systems

Accreditation & Rankings

Among the leading EMBA
programs worldwide

Top 5 in Germany

Most International University
in Germany

#1 for Entrepreneurship
in Germany